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Updated over 4 years ago on . Most recent reply

Account Closed
  • Title Representative
  • Dtla
8
Votes |
22
Posts

I’ve got a land under contract need help

Account Closed
  • Title Representative
  • Dtla
Posted

I’ve got a land for $100k which the seller was selling for 175k Redfin and Zillow estimates it at 170k how much should I charge and what should I do thank you all

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183
Posts
80
Votes
Scott Morris
  • Investor
  • Tampa, FL
80
Votes |
183
Posts
Scott Morris
  • Investor
  • Tampa, FL
Replied

Unfortunately, what the seller wants and what Zillow says it's worth is not what it's actually worth.  I'd try and figure out what Market Value actually is (run comps on nearby similarly sold properties within last 6-12 months). Also, land doesn't generally sell as quickly as homes (with some exceptions).  Who is the end buyer?  A builder (Could also see who the buyers of the nearby comps are)?  Maybe throw up an ad on FB and Craigslist without giving out the exact address and see what kind of interest it gets.

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