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<rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/"><channel><title>Trulia Voices: How do I put a price on land that isn't worth much to most but has a lot of value to a cemetery behind me?</title><link>http://www.trulia.com/voices/Home_Selling/How_do_I_put_a_price_on_land_that_isn_t_worth_much-19865</link><description>I want to sell a 1 acre plot located at the back of my property to the cemetery behind me.  While the assessment isn't much because it is not buildable ($15K-$25K) for a house, it can be a potential profit of $1M for the cemetery for additional plots.  I have no idea what I can ask for it!  THanks for your help!</description><language>en-us</language><item><title>Answer by __________________</title><link>http://www.trulia.com/voices/profile/Home_Buyer-Texas-112041/</link><guid>http://www.trulia.com/voices/profile/Home_Buyer-Texas-112041/</guid><description>You could perform a discounted cash flow analysis of the revenue stream that the cemetary could expect.  Try to find a valuation specialist.</description><pubDate>Fri, 06 Jun 2008 13:31:41 -0700</pubDate></item><item><title>Answer by Rich Schiffer</title><link>http://www.trulia.com/voices/profile/Real_Estate_Pro-19081-69424/</link><guid>http://www.trulia.com/voices/profile/Real_Estate_Pro-19081-69424/</guid><description>The value of raw land is, as you surmise, difficult to determine.  In Chester, in the past 2 years, therre have been only 2 land transactions recorded for comparison purposes.  The prices for those properties ranged between $100,000 to $200,000 per acre, but were very small lots (around 1/20th of an acre each).  If you have a full acre, which would be of value to a buyer, I would expect to price it accordingly.  Feel free to call me directly if you want to talk about ways to get the most for your property.  There are half a dozen or so vacant lot properties on the market right now, and they typically fall into that price range, unless they are in the area of the waterfront redevelopment.  Some of those properties are listed around $400,000 per acre.</description><pubDate>Fri, 06 Jun 2008 10:12:31 -0700</pubDate></item></channel></rss>
