Reply to How do teardowns work, and do they really 'work'?

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[quote=Anonymous][quote=Anonymous] People on our street get letters every spring asking if they'd do a friendly sale, the other 50 letters are from real estate brokers hoping they can get 3-6% from selling land, or better yet 3-6% fees on the land plus a $600,000 new build. 
[/quote]

OP here. I guess I don't stand a chance of getting a reasonable deal if the area is full of aggressive realtors trying to make money off of novice home-buyers like me. I'm ok with paying the realtor a fee (Well, actually, I'd rather not, but I don't think I can outsmart the system as it currently stands) but I'm sure the agents have a vested interest in getting top dollar even for the less desirable houses and tear-downs. So no bargains to be had. What about this supposed decrease in US property prices--the DC area seems to not following the national pattern. I moved here in 2010, so missed the peak apparently, but prices still here are quite high, I think.
I'd actually want to hire an architect to design my house rather than go with one pre-selected by a builder. I'm sure it would add significantly to costs, but it would allow me to have the "Wow factor". (Maybe i've seen too many episodes of the british show "Grand Designs" where someone builds an amazing, unique house). This is where the idea of getting a tear-down comes in. I guess I'm living in fantasy land.[/quote]

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