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A continuing dialog of real estate news in the Sonoita, Elgin and Patagonia area of Arizona, a.k.a., The Mountain Empire.

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Buy Land!

Posted at 2:32 PM, Sep. 21, 2008

With all the turmoil in the various financial markets and the inevitable question of "what do I do with my investable money now?", I have the answer: Buy land! With the cost of building a new home (and the associated hassels) many people in the past two years have opted to by "used" homes. This has caused land prices to pause and recently decrease in many markets. Our market is no exception and 5 acre parcels which we never had enough of are plentiful at this time. Prices are good and owner financing is available. (Where else can you get 7 or 8 per cent on your money?) So, if you are wondering where to make your next investment, I say buy land. Call me or check our website, www.sonoitaproperties.com, for the latest inventory.


RE: Buy Land!

Posted by Charlie Kentnor at 6:24 PM, Jun. 6, 2009

 Normal owner carry-back interest rate in our  area is 7% to 8%.

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