OfflineMy son in law's mother is a real estate agent in another town and yesterday she told me about 42.5 acres she is trying to sell. The asking price is $526,000, but she said they are asking for offers and thinks they might sell for $300,000 or less. I don't know a lot about the land except it has one mile road frontage, has two creeks and lots of trees. It is in a good location next to a major Interstate and is close to a big city. I'll be attending a REI club meeting tomorrow night and was wondering how I could possibly market this at the meeting. I have not made an offer of any kind but was thinking along the lines of connecting buyer and seller and getting a referral fee. This will be my first attendance to a REI club that is close to me, so I don't know who will be attending. Any suggestions or advice?
shirley
Everything works out in the end. If it hasn't worked out, it's not the end.
You have not lived a perfect day, unless you have done something for someone who will never be able to repay you. Ruth Smeltzer
It is what it is 'til you change it.
Any advice at all?
Everything works out in the end. If it hasn't worked out, it's not the end.
You have not lived a perfect day, unless you have done something for someone who will never be able to repay you. Ruth Smeltzer
It is what it is 'til you change it.
You can make a lot of money on the right land. The problem is that if the land is a potential development property, the buyer, who will be a developer, will have their certain contingency items, such as being able to rezone the land or obtaining a preliminary tract map. So, after you have identified your development land, you should discuss the deal with your buyers, without disclosing the location, to see what contingencies they would want. Then include those contingencies when you write up you offer. It is more difficult and detailed than a residential deal, but can be more rewarding too.
I recently had a call from a fellow in Texas who was making an offer on 160 acres. All he needed to do was mark it up by $1K per acre and he would make $160K-not bad.