Question
The small rural town of Centreville has been very hot. Prices are valuing off but single-family residences have remained scarce. She has noticed that some
The small rural town of Centreville has been very hot. Prices are valuing off but single-family residences have remained scarce. She has noticed that some farmland outside of town is for sale and is interested in developing single family lot for sale to builders. She has noticed several builders getting ready. How might a broker best advise this potential buyer
A. He should suggest that her timing is perfect, slowing market, B. In a cycle like the described, builder always know what is going on so follow the leader is a smart move C. He should advise that the current shortage will most like cause the market to rise D. He should advise that developing land is risky and complex
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