The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1908-11-20
BUYERS OF LOCAL
re
REA!l.!!'H!!!FO!! TON
Those DESIRING All classes 81 Prop,
lily are Known Many
Want Homes,
eRlsE o. THE CITY
ARE VERY OPTIMISTIC.
FalTp,ont PFessnts Golden opportunI-
AZ Threshold Of New In.
dustriaI era.
eBy levi 4. Harr.l


Waen the panic struck Fairmont in
II falls 81 1904. h caught our people
over inyeste,itn real estate. New adj
iiticns 70 our city and plans Of lots
had been laid of In every direction.
n many cases all the lots had been
purehnsed by individuals expecting to
" ;et an advance IN price before the
deferred payments on their lots be.
caIie due. Conditions grew from bad
To worse, activity in real estate be.
Same less and less, everybody predict.
ed that values in Fairmont real es.
tate had become too much inflated,
and that there would be no further az
tiyity In Falrmont real estate until
prices sought lower level. Thosa
who mad anticipated buying proper
ties, concluded that they would wait
until the prices Of properties reached
their lowest ebb. They have waited
and have prophesied for almost four
years that they would buy cheaper
! before properties advanced in value.
This sort of sentiment became 50
general that 1t was out of the quas.
ton TO sell real estate. This sort OF
sentiment. believe, prevailed gener.
ANY over the country. For the past
Il three or four months conditions have
been strengthened. Buyers have, about
concluded that they could not buy
property cheaper by waiting longer.
For some time before the election. the
a only reason given for no action in real
aestate, was that they would wait un.
IN after the election. began making
an effort to sell properties. advertise
Fairmlnt real estate, and looking for
buyers.
i have found that buyers are ready
+ for action, that they do not anticipate
prices becoming lower, but that they
8f feel conditions becoming very much
better in Fairmont Ordinarily men
do not buy real estate or make any
new ventures SO late in the season.
or during the winter. but people WHIP
want 10 buy real estate, believe that If
thep put off action until spring it will
be costly delay to them.
OF the entire number of buyers list.
d ed at my Office, about 80 per cent. de.
sire lots for investment and specula-
ton, is per cent. want to buy lots for
the construction OF homes. Fifteen per
cent desire to buy cheap homes en-
L easy terms, twenty per cent. want to
buy homes on the terms given through
the relief department of the Baltimore
and Ohio Railroad. Ten per cent. want
to buy our best class of houses AMI
10 per cent. are buyers for farms.
\ ! have recently gone over almost
I, every Etreet of the city to ascertain
the value of properties as compared
+ with values three or four years ago.
Only about 10 per cent. OF the proper
ties offered for sale can be purchased
+ at a price not exceeding the amount
\ asked for the properties at that time.
But on the 80 per cent. Of Fafrmont
real estate. values are greatly
strengthened and are much in excess
OF what they have ever been hereto.
fore.
The people of Fairmont are optfmis-
tic They believe there are great
things in store for Fatrmont Fair
mont will unquestionably, become a
manufacturing center, which together
& VITA the Increased coal developments
make its future growth unlimited. As
general business conditions of thu
country become improved, new indus.
tires Will be located. To the people
who want to make a change in loca,
ton or buy real estate for investment
5soF speculation Fairmont presents a
golden opportunity at the threshold OF
p new Industrial era.
l. 3}J4tan ~ RFN