this post was submitted on 25 Oct 2023
9 points (100.0% liked)

Terrible Estate Agent Photos

6807 readers
1 users here now

Terrible photos listed by estate agents/realtors that are so bad they’re funny.

Posting guidelines.

Posts in this community must be of property (inside or out) listed for sale which contains a terrible element. “Terrible” can refer to:

Rules.

This community follows the rules of the feddit.uk instance and the lemmy.org code of conduct. I’ve summarised them here:

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 10 months ago

I haven't seen anyone say this, so in case anyone doesn't know. If the land is worth 200K and has no dwelling, it's much harder to finance that. You either need a builder/developer loan with plans to build within a specific timeframe. Or, you need some other means to finance.

A bank won't give you a mortgage for land. Land, while having an intrinsic value is worthless to a bank. But land with a shed in which you can poop is worth something. No idea why, but that's at least one perspective.