Updated about 6 years ago on . Most recent reply
Land in South Carolina
I have a family member who is selling their land in a very small town in of South Carolina. She wants it to stay in the family, so she is selling it for a low price (so no loan is needed). However, I do realize we will have to pay taxes on the land. I'm trying to figure out if it's worth it?? I was thinking we could put a small house or trailer on the land and rent it out. Any thoughts?
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John Underwood
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John Underwood
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Land can be tricky to value.
See if something similar has sold in the area and for what price?
What is the tax value listed as? This can be a starting place but can be way off.
You could get a BPO (Broker Price Opinion) from a realtor.
See if something similar has sold in the area and for what price?
What is the tax value listed as? This can be a starting place but can be way off.
You could get a BPO (Broker Price Opinion) from a realtor.