Price Points in Land Assemblies by Geraldine Santiago
In a land assembly, a good strategy to attract interest from developers is your price. If you have an aggressive price point to begin with, developers will pass on your property. When I show developers a potential site to acquire, they look at just how aggressive the pricing is. Sometimes they just walk away but other times they may tell me to let them know when (and if) their price goes down before they act on it.
Remember, there may be planning limitations on your land assembly site that you may not be aware of, and price will definitely affect it. In a recent article dated April 12, 2021 by Western Investor staff, the article mentions the price of plywood, "a single sheet of 4x8 now costs more than $65. As of April 9, a basic SPF (spruce, pine, fir) two-by-four cost a record high of $1,132 per thousand board feet, according to the Ministry of Forests, Lands, Natural Resource Operations and Rural Development's weekly B.C. lumber price tracking."
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