Free Land
FYI (Reported by KAKE on their website tongith)
The housing market in and around Wichita may be holding its own in a turbulent economy, but it hasn't stopped developers from offering some incredible incentives to would-be home buyers.
Dan Madrigal, a Prudential Realtor, sells homes in Haysville's new Timber Creek Estates. He's getting help from
developer Ron Meyer, who is giving away seven plots of land to anybody who will build a new home in his subdivision.
<script language="Javascript" type="text/javascript">if (self['plpm'] && plpm['Mid-Story Ad']) document.write('<table style=\"float : right;\" border=\"0\"><tbody><tr><td align=\"center\" valign=\"bottom\">');if (self['plpm'] && plpm['Mid-Story Ad']){ document.write(plpm['Mid-Story Ad']);} else { if(self['plurp'] && plurp['97']){} else {document.write('<scr'+'ipt language="Javascript" type="text/javascript" src="http://cas.clickability.com/cas/cas.js?r='+Math.random()+'&p=97&c=6500&m=22&d=22201&pre=%3Ctable+style%3D%22float+%3A+right%3B%22+border%3D%220%22%3E%3Ctbody%3E%3Ctr%3E%3Ctd+align%3D%22center%22+valign%3D%22bottom%22%3E&post=%3C%2Ftd%3E%3C%2Ftr%3E%3C%2Ftbody%3E%3C%2Ftable%3E"></scr'+'ipt>'); } }if (self['plpm'] && plpm['Mid-Story Ad']) document.write('</td></tr></tbody></table>');</script> <script language="Javascript" src="http://cas.clickability.com/cas/cas.js?r=0.7914465058612334&p=97&c=6500&m=22&d=22201&pre=%3Ctable+style%3D%22float+%3A+right%3B%22+border%3D%220%22%3E%3Ctbody%3E%3Ctr%3E%3Ctd+align%3D%22center%22+valign%3D%22bottom%22%3E&post=%3C%2Ftd%3E%3C%2Ftr%3E%3C%2Ftbody%3E%3C%2Ftable%3E" type="text/javascript"></script> "It's a great time to buy," Madrigal says.
Madrigal walks through a home valued at almost $300,000, pointing out the lake views from almost every window.
"Almost every lot out here is a wooded, creek, or lake lot," he says.
Seven wood lots near the subdivision's main entrance are free, and would otherwise sell for around $17,000, Madrigal says. All a buyer has to do is build a home, says Meyer.
Reached by
phone Sunday, Meyer said he's thought of giving land away before, and decided now was a good time to start. Meyer wants perspective buyers made hesitant by the national economy to have confidence in purchasing or building a home.
Although Madrigal was shocked when Meyer first pitched the idea, he believes the incentives will work.
"We're trying to think outside the box," Madrigal said. "We want to be creative and... grab the buyers' attention with what we can do."
Park City is also offering incentives, specifically for first-time home buyers. Mayor Dee Stuart unveiled plans Friday to give first-time home buyers an extra $3,500 if they move to the city.
President Obama's federal
stimulus package gives first-time home buyers $8,000 in tax credits. With Park City's new plan, that would grow to $11,500.
"People are always going to be looking for homes," Stuart said Friday. "We want them to look here."
Realtors also point to financing and interest rates, saying they are the best they've been in years. Even Wichita's elite Wilson Estates has several homes for sale at a low 4.5% fixed rate over 30 years.
Madrigal says a good realtor can help interested home buyers find ways of saving thousands of dollars either directly, or through low financing and interest rates.
For more information on Timber Creek Estates, contact information for Ron Meyer, and a link to the National Association of Home Builders, check the 'Related Links' section under this article.