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Northeast Torrance : Real Estate Advice

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Tue Nov 21, 2017
635smiller answered:
I'm a former appraiser, now working in construction/development lending. Residential corner lots here (Iowa) are typically 2,000 to 3,000 sq ft larger and sell for around 5% less. Most builders target those lots to first time home buyers since experienced home buyers usually won't buy a corner lot even with significant discounts. In my experience, I've only dealt with one experienced home buyer who specifically requested a corner lot. He'd found a home plan he wanted to build for years that was specifically designed for either a corner lot. Here, corner lots usually sell last, despite significant discounts and are disproportionately found in foreclosure sales. Individuals may differ, but that's the market. ... more
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