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short selling Archives: • June, 2007

Do you Really Need a Yard?

By Brian White at 06/18/07 09:07

short selling Do you Really Need a Yard?
When it comes to shopping for your next house, whether you're buying it or just renting, one thing you need to get over is your ideas about needing a big yard.

Yes, we all "want" a big yard, but it doesn't mean we'll actually use it. You've noticed new homes have smaller yards by the year, and the reason is that a house with a big yard is only worth a tad more than a house with almost no yard. Difference is they can put two houses on the tiny yards, and earn an extra hundred-grand in the process.

If people really wanted big yards, those houses on postage stamp properties wouldn't sell, but they do, and for good prices.

The truth is that most people don't use their big yards. All they do is regret having to mow the overgrowth four-times a year. If you can get a big yard, especially if it's an especially big yard, consider that you might be able to lop it in half in the future so you can make that same sort of speculative real estate money all those other guys make by short-selling you just ten-feet of lawn... that you still won't use more than a couple times a year.

Tags: speculative real estate • big yard • short selling •
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short selling Archives: • June, 2007

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