Engage the services of a knowledgeable realtor. There's other information needed in order to give you advice. What is the zoning of the properties? What sort of liens/encumbrances (mortgage included) are there on the properties? What is the immediate area like (mostly commercial/residential)? Are there things about the lot that should be known (setbacks, flooding etc).
My husband and I are in the same boat, except we have three condos. He had two condos (one rented) and I had a condo. We rented out his second condo and now live in my place. We ran the numbers and decided that it really makes no sense for us to sell any of the properties now and are making do with less space. We paid off the highest-intersest rate mortgage and are making extra payments on the next highest interest rate mortgage using the rental income. It's just too risky to worry about re-renting the other condos, what rent we may be able to get in the future, etc.... more
Hi MJ: I can furnish data showing what has recently sold in your vacinity and also show you what is currently on the market. I can email you this information in a matter of minutes, If you don't want to contact an agent at this time youcan always try a search for sold vacant land on Trulia. Call me if I can be any help getting it sold. 708-203-0335.... more