I just put a bid on a 1 acre parcel on a small lake near Hayden, ID. I low bidded with cash offer and we are counter offering now. I got them to drop price about 20 per cent from their high a month ago. There is electric and sewer already hooked up to property. And 13 k in sewer fees -hookup already paid by the seller.
There is timber to be cleared out and it slopes down to the lake. Front half of property 25 ft from road slopes about 5 to 7 feet in the general building area. So some extra costs in building. Thinking of a day light basement type build and a smaller 1800 to 2000 sq ft house.
According to all of the realtors in area there are a lot of inquiries in this area despite the economy. If I get property probably sit on it til next year until economy sorts outs out. Spoke to a few local builders and advised building costs are very high now.
Any input on buying property now?
Last edited by ribka; 05/14/20.
