Excellent Thumb rule ! I need to make myself more confident to eventually make it !
Except in the BA, lot price shouldnāt be more than 1/4 of the development property sales price
What? I thought Jil was a womanā¦ How did I miss that?
One of the problem with Busy street: https://patch.com/california/redwoodcity-woodside/sewage-waste-truck-crashes-peninsula-front-yard-police
How unfortunate about the post porta-potty crash. .Says it was due in part to the downhill grade. Reminds me of one house I really wanted in the hills that made mention, in the disclosures, of a car flipping off the road onto the deck in the past. However, I still made an offer. My rental is on a so-called busy road and Iāll be willing to let it go for a slight discount if necessary when sold.
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OP, are there any other parties interested? There is always the nagging question of who stands to gain from an off-market deal. Usually, it will be the listing agent (double commission) and/or a local builder. Without knowing the neighborhood, neighbors or the actual property street location, agree itās best to be cautious about starting a big project like this (as another outsider without home-building experience).
Have a look at this listing Jil recommends, here: