Because that's what's wrong with this market. And the fact that you would come right out and say that on an online forum, and apparently not even recognize that by saying that you are falling down on your fiduciary duty to your client to fairly and evenhandedly seek the highest and best offer in your client's interest, even if it means you have to share the commission with your fellow agent...well, it kind of speaks for itself, doesn't it?
Sorry to be blunt - but really - greed is what got this industry in the mess it's in to begin with...
Best regards, Audrey Papworth (623) 341-8750
That depends on the cost of the land and how the area has held up during the last couple of years of the recession. We have had about a 10% drop recently in RE and it is a buyer's market. Let me know if I may help you in your quest.
Many lots are available at a fraction of their former value throughout the South, Florida, Texas, Great Lakes areas...to name a few, primarily because many developers lost their shirts mid-development and there are planned communities where virtually hundreds of the unsold lots have been turned over to the counties for past due taxes. Buyer beware - there are, naturally, a number of "get rich quick" schemes and scams of worthless parcels being marketed by shady operators too. But real deals exist.
My best advice - first decide where you want to look - and know why. Is there an upside potential for growth? What is the historical pattern? How is the employment outlook? Is there some reason why baby-boomers are targeting the area, and likely to continue to do so after the recession lifts? Then find a good local agent who has land listings, and tends to deal in land. Most agents don't. You can find them on Trulia...Realtor.com...most of the sites, by looking at the "land" listings.
The truth of the matter is, no matter how much data is available online, it's still vitally important to have an anchor in the marketplace, helping you sort through the raw listings - helping you to separate the "wheat from the chaff" so to speak. And it's good to build a relationship with someone who you connect with...someone who can finish your sentence and anticipate your next question because they have been listening to what your objectives, wants and needs are.
Fear not...there are bargains galore still to be had. You haven't missed the wave of foreclosures. Come on in - the water is fine!
Jeri Creson, Broker
TotalAccess Realty Advisors