Best price for land?

Question

How do you get the best price possible for an odd size piece of land, that is buildable, in a residential district.

There are also businesses right near by and the town is expected to grow soon.

Any idea? Thank you.

Also how do you know you've got a reputable company.

Answer 1

Hey smooth, I too am buying land, you are smart, but do your homework okay? Make sure it's in R-1 meaning residential. You say there's business nearby, what kinds? will you build and live there? You can find out what they paid for it by doing research or hiring a realtor to find out, that's what I did. Because Florida's real estate is way overbuilt, and no one is buying, I found out that the people selling their land for $25k only paid $9k for it. By knowing this, I am offering $12-15k. They basically break even after paying the taxes and stuff so they'll be okay with this number, most likely $15k. Be careful, is there a well or city water? sewer, or septic system? find out cause this will cost you.
Land is good cause they can't make any more of it. Best of luck..........
what state are you referring to ?