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Old 08-28-2009, 02:05 PM
 
363 posts, read 1,212,069 times
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Maybe the non-realtors can answer too but suspect this needs some knowledge to answer.

We have been looking at lots for a while now and I'm trying to understand how they get priced. We've been looking in some of the fancier Creedmor Partners developments. What I am noticing in those developments is that the builder will say pay $200k to buy the lot off the developer, but then the marketing agent will ask say $400k for the lot. In all the "package" sales the land value is given as something close to the $200k. I just don't get it. Seems like they are just trying it on with the pumped up lot prices.

So I guess my question is quite simple - if on the wake county real estate web site the package price is blank, and the land sale price is $200k, is that the amount they paid for it? Or is there some other element that just doesn't get shown that I'm missing? When asking $400k are they factoring in that they would need to spend an additional amount to level and clear the lot? Or are they just looking for $$$s? Want to make sure I understand the system. Thanks!!!!
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