My blog takes a different tack today because waterfront lots (and land in general) have been very difficult to sell since the banking crisis (or, since banks refuse to loan on land).   In the past, a buyer would need to put 20-25% down on a piece of vacant waterfront land; the lot would need to show an approved septic permit (or sewer hookup availability) and proof of potable water (a well or a hookup to a water system).  These loans are now few and far between.

In order to make the lot finance-able, you often need to build something on it.  I have often recommended a garage with an apartment beside or above that can be used until you build your new home (or until your buyer builds a new home).  There is a new option which I like very much:  it is a GreenPod home.  These are small modular, carefully designed and crafted homes that can either be built on site or in the company’s factory.  The addition of this unit would make the property able to be financed – and that is a good thing if you really want to sell your waterfront lot.

You can find pictures of this product at:     http://www.GreenPod.us

More blogs later.  Barbara