I represent a neighborhood in north Atlanta of approximately 70 homeowners. We are an older neighborhood, with older homes, mostly appraised around $220K. Compared to today's standards, our landlots are pretty big, with the smallest being around 1/2 acre.
Million-dollar gated communities are starting to go up all around us. Rather than let the neighborhood be "mcmansioned" out of existense, we are contemplating organizing to sell the neighborhood as single offer.
Does you have experience with this, or resources to investigate on how to go about this? What's the up and the down side.Thanks for all your input.
2007-02-01 14:34:08 · 3 answers · asked by jlb_n_ga 2 in Business & Finance ➔ Renting & Real Estate
This was actually in the news recently when an area of mobile home owners voted to sell the entire development to developers. The article speaks for itself.
http://seattletimes.nwsource.com/html/nationworld/2003519369_briny11.html
2007-02-01 14:52:11 · answer #1 · answered by Real Estate Guy 2 · 0⤊ 0⤋
How might you be seeling the neighborhood to? The reason I asked is because as similar situation happened in Montgomery Al. The only Hyundai Plant in the states is in Montgomery. Well the places they build it, you could buy a regular 2000 sq foot house for less than 100,000 alot less. Now that the Hyundai plant is there they are selling for over 225,000 a lot. Who are you selling too?
2007-02-01 22:41:21 · answer #2 · answered by JoshuaCaleb 1 · 0⤊ 0⤋
The guy above me has the right idea. Read this article and start asking real estate agents if they have interested developers
2007-02-01 23:29:29 · answer #3 · answered by frankie b 5 · 0⤊ 0⤋