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Choco, I ask what has changed in your life to make you and your wife reverse field and go from staying put, playing safe to "go for it"? If it is the call of a great deal, remember that no deal is great is you (a.) don't need it or (b.) can't really afford it or (c.) worry that external forces may strip you of job and income.
Also, there is some great advice from others above, especially the idea that the developer may never complete the subdivision. We have a subdivision near us that has 3 nice houses out by the main road finished and sold, and the view to the rear is a sea of lots covered with weeds and some framed out shells. Sign falling down.
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