Property Q&A in Damascus>Question Details

Lily Cleaves, Home Buyer in Damascus, MD

Is this asking price serious! Would the bank accept $300,000?

Asked by Lily Cleaves, Damascus, MD Mon Jun 22, 2009

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I sent you a note about a property on Kings Valley. This asking price on Ridge is uninformed. They started asking almost $700K about a year ago. It is nearly 2 acres although it is on a hill. The owner, who was also the agent, may have thought she could market the property as having commercial potential although it is zoned residential only. Residential property located on a highway usually costs less, not more. If you want to make an offer of $300 I can put that together for you.

Mike Burns
Web Reference:
0 votes Thank Flag Link Mon Jun 22, 2009
The owners (who are not a bank) can ask anything they want. Maybe that's why it's been on the market for 344 days.
0 votes Thank Flag Link Mon Jun 22, 2009
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