land deal

[Christopher Shearer]

Does anyone deal with land deals here in Maryland. How can i assess the property for value. It has all the utilities ready to go and is ready for new construction. I need to know if land is assignable and what are the steps to getting a land deal done. Any help is appreciated. Newbie here.

[Account Closed]

• yep, can assign land. 
• Some thoughts ........
• Find the highest n best use.  Who is ur end user; builder, home owner
• How long on the market
• Price history
• Ask for seller financing, w/ assignable clause n fully assumable. 
• Zoning, can it be upgraded
• Control it with study period
• Find seller's base price by offering 50% less
• Can it be subdivided
• Joint venture with seller
• Look at area's master plan 
• What is water n sewage situation
• Set backs?
• Perk, well
• Talk to agents who sell land
• Check with local auctioneer. Ask questions. 

You can make money w land, but be careful, assign before u have to settle.  Good luck