OfflineHi new here,I found an older fsbo fixer upper property [vacant for 9 months] on an acre of land asking 99k.surrounding this property are new 165k FMV homes none have for sale signs [2002's]with small yards.Seller is flexible.Is it a good idea to zone half the acre [if I can] and sell it? should i hire an inspector or appraiser to get $ figure? my objective is to see exactly what the property is worth with the land and after repairs so I can make offer and what would be the best way to approach this with no money? should i try seller finiance?assign? lease option? any input would be appreciated.
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The key is try to determine the fair market value based on other similar properties in the area that may have sold in the past 12 months. Once you have a good idea on value yo ucan better determine if the price you can acquire the property for would be a good deal. his will also give you a better idea of what options you may want to explore wit hthe property. Good luck with this potantial deal. Believe and Achieve!
- Joe
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