There is a house on about 6-10 acres of land and the house itself is worth 95-100k but the land it sits on is zoned for single family use only. I could possibly build on it but its locked on the other side by the back of houses. What would this land be worth and how would you go about offering a lower price on it?
Rental Property Investor · Chandler AZ and Sylvania, OH · Member since 2009 · 708 posts · 561 votes
6y
@David M. I don't think anyone can answer this as land has different value based on location. 10 acres in manhattan would be worth millions and 10 acres in middle of no where could be worth 1K per acre.
Just offer something that you would feel like you got a good deal. The worse they can say is No.