0 % Financing is a new concept we are trying in the Katua Community in Maggie Valley, NC. It is a resort sales area so we are attempting to grab the interest of people that do not 'need to buy' but may want to get a good investment with great terms and while prices are very competitive. Has anyone tried 0% financing to promote properties? The CPA said the tax consequences include that the amount of a 'normal interest rate' would be deducted from the sales price and categorized as interest earned on the tax return. That is not too big of a negetive. Any other ideas, suggestions & comments on how this might be marketed or any pit falls in your experience. See Katua www.MountainHeritage.com 01/31/2009

Pat Bennett has been developing in Maggie Valley for over 30 years. One goal is to create an ambiance that blends with the Mountain Heritage of the area. He appreciates that people want to come to the mountains to get away from the congestion of the city; to enjoy nature; to relax. Katua is his newest development in Maggie Valley. To help increase interest - they are offering 0% financing on the home sites for sale. Does this sound 'interesting'? Pat Bennett has created a 'Green Space' in the center of the neighborhood and deeded it to the owners association. This natural green belt is home to many species of plants, wild birds such as Turkeys, and Hawks, and deer and even boar occassionally. The huge trees create a canopy over the area for shade. The natural spring waters create a wate... 01/31/2009