I want to make an offer on a home in Brooklyn. It is basically a burned out shell at the moment, but the

Robert Allen
Agent
11374

owner seems convinced the lot is worth the same as comps in the area that are in move-in condition. I am a bulder, so I can construct a beautiful new structure on the lot. I'm just having trouble figuring out what the value of the land is by itself, so I can make a reasonable offer. Thanks. Robert

Answers (4)
Jose F Vargas
Agent
Staten Island, NY

HI! MY NAME IS JOSE VARGAS I AM THE BROKER FROM PROSPERITY REAL ESTATE GROUP
IF YOU CAN CALL ME AT 646 229 3528 AND GIVE ME MORE INFO O FTHE PROPERTY IN BROOKLYN I WILL BE GLAD TO HELP YOU

Fri Mar 7 2008, 11:31
Caesar Galindo
Agent
Staten Island, NY

Give me a call at (718) 698-2179 at Prosperity Real Estate Group or you can email me at CGALINDO@PROSPERITYREG.com, We are on Richmond ave as well, I can help you answer any questions you may have, this is not commitment to come with us. YOu can call and inquire about this even if you are already working with someone. Buying a properity is a constitutional right, and we are here to make sure you are not provided with erroneous information. We welcome this questions because it allows us to do research for you and ourselves which we can share with others.

My Name is Caesar Galindo Office manager, and Law Student at CUNY Law School.

Fri Mar 7 2008, 09:07
Gail Gladstone,...
Agent
11743

Another way to determine what to offer is by working backwards. Get recent home sales (3 mos) of comparable homes to what you are planning to build (use only new construction). Subtract the cost of construction and then subtract what profit you would need to make in order to make the project worth it.

The remaining balance is the max you can pay for a piece of land. Make an offer leaving yourself a margin for negotiation.

Put a deadline on your offer...offer good for 48 hours only to create some urgency.

Web Reference: http://GailGladstone.com
Fri Feb 8 2008, 13:47
Scott Daniels
Broker
Cooper City, FL
FIRST ANSWER

The best answer is to make the offer based on the last closed sales and go from there. The seller can either counter or reject you`re offer.
The land should have an assesment on the tax roll have you checked there?

Fri Feb 8 2008, 13:35

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