Development Strategy – Do you like your Neighbor?

It’s a question that can be answered on a lot of different levels.

Do you like your neighbor enough to say hello to him. That’s a real basic level.

Do you like your neighbor enough to call him when you need someone to go turn your heat up so the pipes don’t freeze? That’s a little more developed as far as relationships go. Trusting someone.

But that’s still not the level I am talking about. The level I am talking about is pretty far down the food chain. It actually should be rephrased as a new question. The question I should ask is:
Do you value your neighbor enough to not want to lose him as a neighbor when you eventually make that move to the better location that so many Town House owners aspire to . It’s a very long question that requires one of two very short answers. If the answer is no then you just fell into the 90% category. No harm no foul.

But if the answer is yes then we need to talk. If you answered yes then an this type of alliance can put you both into a New Town House with a powerful equity position and a neighbor you can live with.

How?
It’s simple. You get together and buy a tear down. Then you hire a builder. You split the costs and keep one unit each. Like I said, simple.

Simple is not always easy though. In this type of work you need to know exactly how to work your way through the steps involved in this rewarding process. That􀀂s where I can help you. I have specialized in New Construction and Pre-Construction for my entire career in Real Estate. As Broker Owner of Sea Isle Realty, I am in a unique position to help you accomplish this plan.

This is the best time in years for people like you to execute a successful development strategy. Under more normal market conditions, developers would be buying up all the good opportunities so fast you wouldn’t have the time to breathe. But not this year. This year the developers are still trying to sell off old inventory and developable property is getting listed to the open market. So talk to your neighbor and then talk to me. You’ll be surprised how easy this can be.

Stephen Freda
Broker/Owner
Sea Isle Realty Inc.

Beach Block Scenario 

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