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Where can I find comps on vacant land?

All of the sites I've found only have comps on homes. We are doing FSBO and need to find a good offering price
Tue May 13 2008, 08:27 - 32801 - Home Buying - 4 answers
 
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Kimi
Home Buyer
in Orlando
Kimi, Home Buyer in Orlando in Orlando
Answers (4)
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Greg Traub was FIRST TO ANSWER
Hi Kimi,
CAUTION......most FSBO's do not have a realistic value associated with their property and can be overpriced for the current market. Since they are not professionals, they do not keep up with the comps of recently sold property.
A skilled agent could save you more than money. Call one......it's not going to cost you a penny to find out what they can do for you.

Good luck,
The "Eckler Team"
Century 21 Almar and Associates
ecklerteam@comcast.net
941-408-5363

Mon May 19 2008, 05:49
Web Reference: http://www.venicerealestatesite.com
 
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I keep asking this same question, but is the land vacant or raw? Are you committed to a FSBO because you don't trust the industry? Are you marketing to an end-user or a developer or builder?

I specialize in development, comprehensive planning & concurrency, and land use because it's an intricate process & my personal experience led me to believe that many Realtors are not honest with themselves or clients about the costs, liabilities & outcomes involved.

Best of luck in your research! Vivian Katz, CIPS

Thu May 15 2008, 11:08
Web Reference: http://orlandolife.mfr.mlxchange.com
 
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Hi Kimi,

Vacant land is a very specialized area. Is this a finished lot? Or is it a large parcel. If its a large parcel, not part of a PUD, BEFORE making an offer, hire a MAI Appraiser from one of the larger firms in Orlando. Clayton Roper is a place to start.

If its a PUD, call a local lender who specializes in Contruction Perm Mortgages or Lot Loans. Try Wachovia or MI bank. Someone there should be able to point you in the right direction for evaluation.

After you have your price arranged, be sure to do an environmental and a soils test (again if its a non PUD)
There are firms specializing in this : Try McIntosh and Assoc. There is much more to purchasing land than the price.

Tue May 13 2008, 12:52
 
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FIRST ANSWER
I'm sorry Kimi, but the only thing I can think of is either spending hours sifting through the Counties Property appraisers website for sales, and trying to figure out what is vacant, what it's zoned, whether it's a comparable location etc... to try and find some comps.
Or you can call up an agent that specializes in vacant land in your area and use them to list. I do not specialize in vacant land but can assist in finding an agent that does.

Tue May 13 2008, 08:57
Web Reference: http://www.gregtraub.com
 
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