What's that dirt worth?
If you're a small home builder or an individual home buyer and you own raw land that you intend on developing, you have to be concerned with what's happening to the value of that property in this current economy. This should be a concern whether we're talking about totally undeveloped property as well as for the independent home builder with spec homes that are under construction. The following article provides some help in thinking through how to talk with your lender about properly evaluating the value of your land in this very tough economy.
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