Investor confidence in the market isnt exactly at its highest point. Many investors are still very nervous about the shape of the overall economy and wonder if the stock market is the best place to invest.
For years land was a safe, and good solid investment. Land prices increased at a very sold rate for many years. With the slowdown in the economy and real estate market many investors disappeared from land investing. Although holding land proved to be a much better position than holding homes, there was a big drop in sales. Nothing can really happen to land, compared to owning investment homes, which was a much larger original investment. Prices have come down and we are now seeing investors jumping back in the real estate market. They are looking for bargains and they are getting bargains. Homes have been reduced nearly 50% in many areas, and although land pricing has not seen the same drop in pricing there are some excellent deals out there for the investor.
One such land opportunity is very interesting - The Ridges at Tellico Lake, a gated community in Tennessee is offering four different home site packages, that offer a discount on home site purchases of up to 40%. These are premium home sites, large estate size, up to 3 acres in size, with spectacular views of the Great Smoky Mountains and Tellico Lake. Just 30 minutes from Knoxville and airports this is an ideal second home vacation opportunity. Infrastructure is in and these lots are ready to go. The packages come in either 4,5,7 or 9 investment packages.
For more information on The Ridges at Tellico Lake, visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).
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