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Updated over 9 years ago on . Most recent reply

User Stats

71
Posts
21
Votes
Megan Aldridge
  • Investor-Realtor
  • Sanford, FL
21
Votes |
71
Posts

Need Advice! Raw land in CO.

Megan Aldridge
  • Investor-Realtor
  • Sanford, FL
Posted

Thanks in advance for any advice ya'll can offer, here's the situation:  My father has owned ~5 acres of land out in CO near Ft. Garland.  He has always been an absentee owner and now wants to sell it. 

  • Comps vary widely on Zillow (I don't have access to MLS...sitting for my agent's license next month).
  • A local agent he contacted said they would recommend listing at $11k
  • An improved property in the area recently sold for $95k (1/1, 702 SF):  http://www.zillow.com/homes/for_sale/Costilla-Coun...

I'm such a newbie working on investing here in FL and have never worked a deal in raw land, so I have no idea how to steer him in the right direction.  Here are the questions:

  • What's the best way to find a local agent to help with the sale?
  • Should he sell it raw or look into building on it to elevate his profit in the sale?

Thanks so much!!

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