It's amazing how people want everything cheap, but are not willing to invest into it and wait for the investment to increase in value. I have noticed this in Real Estate. For example, I have a listing for a 1+ acre lot. It is a very nice wooded lot close to State Gamelands. It's being offered at a low price because it needs fill where the septic will be in order for it to perc. Now, the lot does not flood. It just doesn't perc. I have had many, many calls and inquiries on this lot, but no buyers. No one seems to want to take the time to add the fill in order for it to perc. Almost everyone I have spoken to want to have the home on it immediately. I did get a couple of calls asking if the seller is willing to sell on the contingency that, (are you sitting down?) the property percs after adding the needed fill. Now, they are willing to put a down payment on it, but want it back if it does not perc. Would you be silly enough to take the lot off the market for several years and then find out that, because the wrong type of fill was used, it did not perc??
Then you have those buyers that purchase real estate, and then turn around and try to sell it a few months down the line for a much higher price, and they haven't done any improvements to it. They figure just because they have had it for a couple of months, it has greatly increased in value. Then, they are unable to figure out why the home won't sell.
Investments don't increase in value overnight (OK the boom a couple of years back was an exception.). I believe Real Estate is a very good investment, but you need to do some improvements and give it some time to increase in value.
