All Forum Posts by: Chris Deckert

@Leah Stuever

Thank you! The tax records, at least on the county site, have minimal history. I found that odd.

Since it's an established neighborhood, what's the best way to look at comps? It's an empty lot, but most sales in the area are for homes built decades ago. Is there a best practice to find actual land value, rather than total sale?

I'll definitely get in touch with a realtor as well.

Thanks again!

A very brief background, I'm new to real estate investing. I've been doing a lot of reading on here, as well as books I've picked up. So, I'm gaining the book knowledge but lack all of the experience. 

So, I walk through my neighborhood often and there is an empty lot that has caught my eye. This time last year, there was pre-construction happening and the grading for a house was done. All of a sudden, it came to a halt. A for sale sign went up and then came down. It sat for a long time and about 100 days ago a for sale sign went back up. The asking price is almost 4 times what the land is appraised for on the county tax assessor site and I can't find out why. The owner is listed as an LLC, but there is no previous sale history and all of the listings I find have zero useful information. My assumption is someone's deal fell through which caused the property to go up for sale, but I just don't know. The neighborhood is great and I can really see potential here if it can be had for a good deal.

So, my question is, what are some resources to dig further into the history of the property? Should I reach out to a realtor? Are there any county websites I can visit? Any tips would be helpful! Thank you!

- Chris