The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-12-02

may be called by comparison suburban, al
though within comparatively easy reach Of
the settled district and, of course, within
the boundaries Of the city. Not much 10
heard about the operations of building and
loan associations up town just now, but it
must be apparent to any one going up town
only occasionally that work is steadily pro-
crossing through such agencies, and that
the portions OF the city in which persons of
moderate means can afford to build homes
for themselves are fastbecoming populated.
The large builders, who conduct their op-
e%rations in the portion of tbs city sone dis
lance below the Harlem river, arc keenly
alive to the market for values, and already
they are beginning to secure property upon
winch they may put improvements within
the next six or eight months. The demand
for this kind of property is a constant fac
tor in the real estate market.
1t seems to be a safe thing for a buyer to
go into the market at this season Of tho
year, especially if it be a dull season, as the
present one has been, with the view of hold
ing his purchase until spring, and no longer.
Several conditions, of coul Sc, apply to any
Judgment in his purchases. He must take
care that he gets full value for his money.
Some caution must also be exercised in re-
spect to the locality in which he buys. In
other words, he must acquire property
where activity exists, or where the greatest
lHOuAt VI ualLlC 10 pIOl1lS6us vi AO
must lay his plans firmly upon the basis of
a moderate profit which will repay him
only fairly we'll for the use of his money
for a short period. 1t may be set down as
almost a certainty that any one making
purchases on the west side of the CITY, near
the scene of present or recent building OPP
erations, and carrying those purchases
along for the next three or four months.
can take out a very fair profit.
The trouble with real estate buyers, as
with other investors, is apt to be that, when
they SEQ a market rising. they decline to
sell, and they move their asking price along
a scale a little in advance of the market.
kind, as Thousands of owners in this city
can testify who have been left stranded
with property that cost them more than the
market now considers it worth, and which
at one time would have yielded them a fair
profit. Conservative spectators such as
are now in the market for purchases in de-
sirable building districts have their money
to invest in this way because all, or nearly
all, of them were willing in the past to take
profits when they saw them and not to con-
fine their operations to paper. The coming
month or two promises to record a good
many purchases Of this kind, and it is safe
to predict that within the coming six
months there will be further transfers of a
majority of these purchases at prices only
slightly in advance of those that are now
paid.
Although very little is heard at present of
dealings, some business is going
on in the upper wards, and during the pres-
week there will be two sales of consider
able i'm Importance in which buyers of subur-
ban property ma proftabiy interest them
selves. It need hardly be said that when
owners of large suburban properties come
into the auction market with them ut the
eve of winter they are prepared to take any
thing in reason which buyers may be dis
posed to give. There Is, therefore, a reason
able expectation that a good many bargains
may be secured at the sales which take
place this week, and it would seem to DO
also well to expect Tint tho aggregate
amounts to be received from these sales
will be satisfactory to the owners in case
the sales without reserve. The |
competition OF buyers among themselves |
at an auction sale is n source OF inspiration
upon which the success of many a laige snla
Ia based, and when buy ers are satisfied thnt
hey can have property for what they
to give for it they are very apt to
eager to obtain 1t, and 80 much in
arrest over the Ut, uggla for it's possession
~ to give for il prices fully up to the value !
the property.
II ia quite likely to happen at these sales
hat until buyers shall become warmed up |
Iome sacrifices will be offered. But If they
myers shall thoroughly understand that
30 into the market willing, ii need
10, to hand around Bargains, the expert
nent of suburban sales after the close of
suburban season may be more satistac-
DRY than has been anticipated. The two
alas now scheduled promise to bring a
attendance OF buyers. and that seems .