I'm looking to buy 40 acres in Maine to re-sell and make a profit.I know that it depends on the area but I don't know where it is. My girlfriends mother's friend lives out West and is selling it cheap to get rid of it. The only information I have on it is that its wooded with no roads and about 7 miles from the coast. Are there any land value calculators I can use to check the value of a piece of land?
2006-11-14 11:39:10 · 8 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Start by contacting the town's tax assessor to find out how much the town valued the property at.
2006-11-15 13:25:08 · answer #1 · answered by Ryan R 6 · 0⤊ 0⤋
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RE:
How can I find out the value of a piece of land?
I'm looking to buy 40 acres in Maine to re-sell and make a profit.I know that it depends on the area but I don't know where it is. My girlfriends mother's friend lives out West and is selling it cheap to get rid of it. The only information I have on it is that its wooded with no roads...
2015-08-18 08:30:45 · answer #2 · answered by Dwana 1 · 0⤊ 0⤋
!. You could hire an appraiser to check out the land , area, and get the statistics. 2. you could go to the seller and ask to him/her if it is ok for you to take a look at the property. In some states, If you have an address, you could look the property up on the internet and see what tel taxes were, the last time they were paid and that would give you some idea of the going price range.
2006-11-14 12:04:33 · answer #3 · answered by ace 2 · 0⤊ 0⤋
Your best bet is to get a full narrative appraisal. They will research in depth all the facts on the property. They should find out if the land can be built on, comparable land sales if available; if not they will conduct a subdvision analysis. If you want to save money you could do all this yourself and speak to your planning department and see if it is buildable and interview a few agents. However, to be absolutely sure on all the facts you should hire a good appraiser.
2006-11-14 17:20:19 · answer #4 · answered by tianaramal 4 · 0⤊ 0⤋
You can not do it, the IRS will only take a licensed or certified appraisal report. You MUST hire a licensed or Certified appraiser to perform a retroactive appraisal. Its going to be expensive, most MLS sales records only go back 5-7 years at best. This report is going to take some time to do and may cost you a couple of thousand dollars or more.
2016-03-22 19:27:29 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Try this site... http://www.zillow.com/
It may not have a actual value because it is a fairly new site and is still gathering info but it can at least tell you the property's tax value which is usually about 80% of its real value.
2006-11-14 11:44:19 · answer #6 · answered by Dan J 4 · 0⤊ 0⤋
Get more info from the county treasurer I assume you have her full name social would help too when you're searching courthouse records
2006-11-14 11:44:15 · answer #7 · answered by tom_nearhood 3 · 0⤊ 0⤋
there are different ways you can do this. have a timber company go out and check it out and they will tell you what is is worth. a surveyor and a realitor.
2006-11-14 11:43:24 · answer #8 · answered by jbearbooboo 3 · 0⤊ 0⤋
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2015-08-04 20:31:44 · answer #9 · answered by Anonymous · 0⤊ 0⤋
yuo cold ask the persan hoo is saling it or go on the intornet
2006-11-14 11:48:26 · answer #10 · answered by yana r 1 · 0⤊ 2⤋