Why You Should Always Overbid for the Corner Lot
Not All Lots are Equal. In a subdivision, 90% of lots are “Regular” (neighbors on both sides, one frontage). 10% are Corner Lots. In a bank auction, the base price difference is often small. The Value Difference is massive. The “Light & Air” Factor The Resale Velocity When you sell in 10 years, the Corner […]
Not All Lots are Equal. In a subdivision, 90% of lots are “Regular” (neighbors on both sides, one frontage). 10% are Corner Lots . In a bank auction, the base price difference is often small. The Value Difference is massive. The “Light & Air” Factor Ventilation: Windows on two sides instead of one. Privacy: Only one direct neighbor. Design: You can build a grander facade with dual frontage. The Resale Velocity When you sell in 10 years, the Corner Lot sells first. Always. If you see a Corner Lot in the catalog, add 10-15% to your max bid. It is worth it. Two Fronts, Double Value Don’t be cheap on the location. You can change the house; you can’t change the lot type.
