One real estate agent told me it was per acre and another one told me its 185K for all five acres...which one is right.
2007-09-09 11:06:38 · 12 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Look at your tax bill and see what the value is for purposes of taxes.
There isn't a way for us to know if it is for each acre or all five acres combined. The reason is some places an Acre sells for $90,000.00 in other places an acres sells for $2500.00.
2007-09-09 11:17:47 · answer #1 · answered by Gender Different 5 · 1⤊ 0⤋
First off, real estate agents will tell you what you what they think you want to hear just to get your listing. You need to verify the value by checking what similar parcels in the same area sold for. Any housewife or unemployed janitor can take a course online, take a test and become an agent. That doesn't mean they know squat about real estate. I would talk to other landowners in the area. I own quite a bit of vacant land and other landowners and myself are always willing to help each other out. The answer to your question can be either or. I know of commercial lots that go for upwards of one million an acre as can upscale residential areas (like waterfront), then again, it can be scrap land that is more of a liability than an asset. One of the more important things in determining the value of vacant land is the shape of the lot. As a general rule, the more road frontage the better. Also, zoning is very important. If your property is not zoned properly for the most desirable use given the demographic trends of the area, it can present an expensive and time consuming problem for a prospective buyer. The bottom line is DO NOT TRUST ANYONE TO TELL YOU THE VALUE OF YOUR ASSETS. A real estate agent is interested in one thing...getting his or her commission. Do you homework. A great place to start is at the public records office at your county clerk's. You would be amazed at what you can find out by looking through public tax records on your property and surrounding parcels. Also try a website called "brb publications". I don't know the url offhand, but they have a huge section of free state and local public records sites. Your county may be available. Good luck. I hope it's worth a fortune.
2007-09-09 11:57:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
What anything is actually worth , is what someone else will pay for it .
Although , that might be 5 acres outside Winnamucca ($185K for all 5 would be the very high end)
Or 5 acres near San Franciso ( $185K would barely cover .1 acre)
You did Not mention where the land was ,
Or if there were water rights
Or if it included mineral rights
Or any Relevant info . . . . . WHY ?
>
2007-09-09 11:30:55 · answer #3 · answered by kate 7 · 0⤊ 0⤋
Who knows, real estate agents are not appraiser and by the sound of things either one could be wrong. It all depends on the zoning and the Highest and best use and many other things like, location, location to utilitys (water, sewer, power, access, can it be sub-divided or is it zoned R-5 (one house pre 5 acres). Have a appraisal done is the only way to know. 5 acres zoned commercial could be worth millions to the right buyer.
2007-09-09 11:21:42 · answer #4 · answered by Leo F 4 · 1⤊ 0⤋
It more than likely is all 5 acres together. When you spoke to the two agents did you interview them and ask them how long they have been in real estate?
Sounds funny I know, but it saves you from stress and money down the road if they are wrong to begin with you wouldn't want to work with them.
2007-09-09 11:16:57 · answer #5 · answered by Anonymous · 0⤊ 1⤋
In you county there may not be certain zoning laws so having a land space requirement keeps horses out of peoples back yards. You do need at least one acre of pasture per horse, this general rule keeps horses safe by allowing them enough space to keep their distance from one another if they choose. 3.74 meets the minimum requirement for a stable and one small pasture for 2 horses. Just like you don't buy a tiger and keep him in your bathroom, you don't buy a horse and keep him in a 12x12 box all day every day. They need room to get out and exercise.
2016-05-20 09:26:03 · answer #6 · answered by ? 2 · 0⤊ 0⤋
1st need to know where the property is at but it is always good to get an opinion from a licensed appraiser if you want to do anything with the property. Real estate agents just want to make money so they usually sugar coat it for you.
2007-09-09 12:03:09 · answer #7 · answered by Jay 1 · 0⤊ 0⤋
It never hurts to get a 3rd opinion. You could also have an appraisal done. But because these nice folks here at Yahoo's answers don't live in your area, it's kinda hard for us to even guess. Know what I mean? Not enough information.
2007-09-09 11:15:29 · answer #8 · answered by Anonymous · 1⤊ 0⤋
Get a third real estate agent to see if he or she agrees with one or the other. I couldn't tell you which one was right, I haven't seen the property!
2007-09-09 11:13:53 · answer #9 · answered by paperdoll198 5 · 1⤊ 0⤋
it's probably total - it would have to be a really high priced exclusive area to be worth 185k per acre
2007-09-09 11:12:44 · answer #10 · answered by Anonymous · 0⤊ 2⤋