View Poll Results: What to do with waterfront property.
Sell it.
2
6.45%
Keep it and sell it in the future when it may be worth more
16
51.61%
Keep it for my brother and I
13
41.94%
Voters: 31. You may not vote on this poll
Should we sell waterfront property or keep it?
09-20-2007, 10:39 AM
#22
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My parents lot is the only vacant lot in the area. All the other lots have 1000 + sq/ft houses on them. The area used to be summer cottages and then people started tearing down the cottages and building brick year round homes My dad found out that one house about 8 doors down sold for $ 380,000 five years ago. If anybody is familar with the area. It is the lone vacant lot on the canadian side right near the mouth to the entrance of the Snye river next to whapool Indian reservation.
09-20-2007, 10:49 AM
#23
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Location: Sandusky Bay
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Well,, in my opinion, 
not one of you brain's have ask the correct question!!! Is the water deep enough to dock a boat ,, can you build a dock on the water front or not ,,, how much frontage will you be able to use ,, do you see a lot of activity from city hall making new regulations,, all of these things will effect the long range value of the lot,,, it looks like your Dad has the market comps for the area ,, do not sell to the man who has offered untill it has been exposed to the market for a higher price ,,, then you can help Dad make a good decision !! Just my 2c ,,,,, good luck, Oh,, can it be sub-divided or build a duplex so both you and your brother gets a share ???
RHC
not one of you brain's have ask the correct question!!! Is the water deep enough to dock a boat ,, can you build a dock on the water front or not ,,, how much frontage will you be able to use ,, do you see a lot of activity from city hall making new regulations,, all of these things will effect the long range value of the lot,,, it looks like your Dad has the market comps for the area ,, do not sell to the man who has offered untill it has been exposed to the market for a higher price ,,, then you can help Dad make a good decision !! Just my 2c ,,,,, good luck, Oh,, can it be sub-divided or build a duplex so both you and your brother gets a share ???RHC
09-20-2007, 11:10 AM
#24
Platinum Member
Platinum MemberThread Starter
Well,, in my opinion, not one of you brain's have ask the correct question!!! Is the water deep enough to dock a boat ,, can you build a dock on the water front or not ,,, how much frontage will you be able to use ,, do you see a lot of activity from city hall making new regulations,, all of these things will effect the long range value of the lot,,, it looks like your Dad has the market comps for the area ,, do not sell to the man who has offered untill it has been exposed to the market for a higher price ,,, then you can help Dad make a good decision !! Just my 2c ,,,,, good luck, Oh,, can it be sub-divided or build a duplex so both you and your brother gets a share ???
RHC
not one of you brain's have ask the correct question!!! Is the water deep enough to dock a boat ,, can you build a dock on the water front or not ,,, how much frontage will you be able to use ,, do you see a lot of activity from city hall making new regulations,, all of these things will effect the long range value of the lot,,, it looks like your Dad has the market comps for the area ,, do not sell to the man who has offered untill it has been exposed to the market for a higher price ,,, then you can help Dad make a good decision !! Just my 2c ,,,,, good luck, Oh,, can it be sub-divided or build a duplex so both you and your brother gets a share ???RHC
09-20-2007, 11:31 AM
#25
Easy answer... If the property is not gaining 12-15% a year in value, you need to sell it and invest in any decent Mutual fund. Any fund will gain 15% a year over a period of 7 - 10 years. The waterfront property is not in Florida or California where it will out perfrom averages. So just do the math calculations for yourself.
09-20-2007, 02:51 PM
#27
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Location: Ft. Lauderdale Florida & Tarpon Springs Florida
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09-20-2007, 03:01 PM
#28
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I bought "Waterfront" in the Hi-Desert in SoCal 3 years ago,
They say theres a BIG one every 300 years and its been 310
the end of this year.
My neighbor asked why I was putting in such a wide driveway
I said its a launch Ramp
Mike J.
They say theres a BIG one every 300 years and its been 310
the end of this year.
My neighbor asked why I was putting in such a wide driveway
I said its a launch Ramp
Mike J.
VIP Member
09-20-2007, 04:12 PM
#30
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Location: WA
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Royal Proclamation reads:
Warrants of Survey, or pass Patents for any Lands beyond the Heads or Sources of any of the Rivers which fall into the Atlantic Ocean from the West and North West, or upon any Lands whatever, which, not having been ceded to or purchased by Us as aforesaid, are reserved to the said Indians, or any of them.
And We do further declare it to be Our Royal Will and Pleasure, for the present as aforesaid, to reserve under our Sovereignty, Protection, and Dominion, for the use of the said Indians, all the Lands and Territories not included within the Limits of Our said Three new Governments, or within the Limits of the Territory granted to the Hudson's Bay Company, as also all the Lands and Territories lying to the Westward of the Sources of the Rivers which fall into the Sea from the West and North West as aforesaid.
And We do hereby strictly forbid, on Pain of our Displeasure, all our loving Subjects from making any Purchases or Settlements whatever, or taking Possession of any of the Lands above reserved, without our especial leave and Licence for that Purpose first obtained.
And We do further strictly enjoin and require all Persons whatever who have either wilfully or inadvertently seated themselves upon any Lands within the Countries above described or upon any other Lands which, not having been ceded to or purchased by Us, are still reserved to the said Indians as aforesaid, forthwith to remove themselves from such Settlements.
And We do further declare it to be Our Royal Will and Pleasure, for the present as aforesaid, to reserve under our Sovereignty, Protection, and Dominion, for the use of the said Indians, all the Lands and Territories not included within the Limits of Our said Three new Governments, or within the Limits of the Territory granted to the Hudson's Bay Company, as also all the Lands and Territories lying to the Westward of the Sources of the Rivers which fall into the Sea from the West and North West as aforesaid.
And We do hereby strictly forbid, on Pain of our Displeasure, all our loving Subjects from making any Purchases or Settlements whatever, or taking Possession of any of the Lands above reserved, without our especial leave and Licence for that Purpose first obtained.
And We do further strictly enjoin and require all Persons whatever who have either wilfully or inadvertently seated themselves upon any Lands within the Countries above described or upon any other Lands which, not having been ceded to or purchased by Us, are still reserved to the said Indians as aforesaid, forthwith to remove themselves from such Settlements.
