I have a lot in Cherokee, all of sudden I am getting lots of calls to sell. what are lots going for?

Asked by Verona, Florida Fri Oct 5, 2007

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Overcharged, , Cherokee Village, AR
Wed May 23, 2012
About $500 in Sharp county side of CV, give way lots in Fulton Co. side unless you hava a lakefront lot or on the golf course and they go higher..

Lots turned back to the state can be bought for $100 or less if you tke several,

There is no Hospital in CV, it ws closed eight years ago.

Ther is high taxes and an addional Suburban tax that is more than a lot is worth.
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Mickey Pende…, Agent, Mountain Home, AR
Mon Jan 19, 2009
It seems that a company, and you know if you ask if this is who is calling you, by the name of Preferred Properties, located in Largo, FL, has been calling out of state land owners in our area. I have notified the Attorney General's office and they are supposed to be checking this out. It appears to be some kind of land scam going on with them. I recently received phone calls from out of state owners, one a neighbor land owner and one a previoius clent, who were offered and unreal price compared to value for the property. Ask a lot of questions if this comes your way, and with the internet along with a few phone calls, one can determine whether or not the company is legitimate or what their rating may be with BBB. For example: one 10 acre parcel, its actual value is about $13K to $20K, the owner was offered $84K for it stating a lot of development was going on in the area, which is a total misrepresentation. The total 10 acres probably would not perk for more then 3-4 homes. Be careful, and ask lots of questions because in times such as these the wolves seem to appear. If you want to know the value and marketablility of your property, call a certified Realtor in that area who knows the area and market.
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Jackie Darner, Agent, Cherokee Village, AR
Sun Jan 18, 2009
Our office over the last several years has been receiving frequent inquiries from Cherokee Village property owners regarding calls from companies wanting to purchase, sell, or list the owners' vacant lots or vacation homes. We live in a beautiful and very desirable area of the country, where we enjoy low home prices, low taxes, and a basically rural setting within a 2-3 hours drive of 3 major cities. Our area is full of antique and craft shops, auctions, festivals of all kinds, lots of homespun music, excellent river & lake fishing and water sports, and more. Plus, we have many wonderful people who have moved here from all over the country, some even from overseas, in search of a slower paced and more affordable lifestyle. Unfortunately, jobs here are not plentiful, but there is work to be had if someone wants to work, though possibly not at a payscale those moving from cities and some other areas might be accustomed to. As for your influx of calls regarding selling your lot, there are legitimate companies who are willing to purchase vacant lots for the purpose of reselling them, but there also are those who might not be as reliable. The value of a lot is determined by who wants the lot and what the lot is worth to that person. You may have your lot appraised by a licensed appraiser if knowing the current value is important to you, but you may check your tax statement to see how much the county courthouse actually appraised the lot for based on sales 2 years ago, usually in the $2,000 to $3,000 range for a general wooded lot. The very important key to these calls, even when the caller says he has a buyer standing by and for whatever other reason says you must "act fast" is that if the caller company asks for money on the front end, whether it be for sales commission, paperwork processing, advertising, surveying, clearing, or for any other reason, contact an attorney for legal advice or a licensed real estate company or title company for guidance before acting. Also be leary of signing forms that may in the small print turn out to be listing agreements rather than sales agreements. In my opinion no selling company should expect to be paid for their services until closing on the property, when both you and they will be paid at the same time. Many of these companies placing the calls are not licensed real estate professionals and the companies are based in other states, allowing them to work outside the jurisdiction of the Arkansas Real Estate Commission, who does its very best to protect Arkansas property owners' interests. There's a very strong possibility that you may never hear from a company again after they receive payment from you for services prior to the transaction closing, so be very careful and very conservative with how you handle any transaction of this nature. In most instances, the caller may refuse even to give you a telephone number, which also should raise a red flag. Remember that most things that seem too good to be true usually are just that.
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Mickey Pende…, Agent, Mountain Home, AR
Wed May 7, 2008
The location of your lot may have a lot to do with calls. Is it individuals calling? Or is it Realtors? An individual may be a neighbor looking to expand or invest. A Realtor may be farming and looking for listings. There is still a slight growth in the Village, especially around one of the lakes. If you have a good buildable lot on one of the lakes could also be the key. If I can help or refer you to someone who can, just give me an e-mail or checkout our website. Thanks for asking.
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Pam Winterba…, Agent, Danville, VA
Fri Oct 5, 2007
Verona....If you can provide us with more informations we can help. How large is your lot? Are the utilities located at the street? Does it have water and sewer?
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