And the price could conceivably go even lower if enough buyers signed on.

On Tuesday, a buyer signed a contract for more than $1 million, he said.

The buyer signed it but instructed his lawyer to hold on to it while he went to Europe.

Before the buyers signed the contract, however, they asked to speak to someone in the building.

The buyer would put a deposit on the land and would also sign a contract for the kind of house he wanted.

He fears that foreign buyers have long since signed other contracts that will keep him out of business.

So far, four buyers have signed contracts for the homes, which cost between $900,000 and $2.4 million.

To be "registered," a buyer must sign a self-evaluation form.

He makes buyers sign the paperwork in his showroom - even if they live seven or eight states away.

A buyer signed a contract last month, just under the asking price.