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No. of Recommendations: 1
Is this in St. Croix? Things proceed very differently there than here on the mainland. If the owners are not still on island, they may very well have lost touch with the local market. They may also have decided that things have changed too much since they bought for them to bother with the property and be willing to dump it cheap. The safety immage of the island is not what it once was, in part due to the cruise line's statements surrounding the pull out from STX.

Above all, do not base your offer on what is currently being asked for the lots of land. Instead, go back to the gov't building and look up the purchase prices of nearby or similar lots. Use those to justify your price, trying to find recent ones as examples.

Joe and Julie (forgot the last name but they are a husband/wife team,)at ReMax in Christiansted used to send us some island wide sales statistics in the quarterly newsletter. I'm sure they would be happy to provide you with a copy, (and no doubt put you on their mailing list.)

How have the prices held up over the past few years? Has the airline situation stabilized at all? Are properties any more liquid than in the past? It was nothing for houses to take several years to sell and lots to be just about unsellable. These owners may very well think this is still the case.

Best of luck,

IP
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