Home Selling in Plano>Question Details

Rachel Lande…, Both Buyer and Seller in Plano, TX

We own a residential lot in W. Plano. What is the best way to sell the property in order to maximize profits?

Asked by Rachel Landers, Plano, TX Sun Jan 27, 2008

The lot is located in West Plano near Custer and Legacy in Oakwood Glen, and is a nice size at 70 feet by 110 feet. We would like to sell the property and need to know how to get the best price for the property in this market. Thank you for your advice!

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There are only a handful of residential lots for sale in Plano and even less than that that have sold recently. Is the lot treed? Are there utilities on it? that impacts the sales price a lot for someone wanting to build a house.

Although Oakwood Glen is a highly desirable community. I used to have a rental property on USA Dr., I thing that you would be able to sell it between 75K-85K

Does that sound like what you expected? I'd be happy to discuss further with you if you contact me.

Naima
214-289-8555
naima@sumner-realty.com
Web Reference: http://www.sumnerrealty.com
1 vote Thank Flag Link Mon Jan 28, 2008
The easiest way is 1. Hire a Realtor 2. Don't try to do this on your own - you will lose money BIG TIME!! 3. Get a Call Capture number which is associated with the Realtor and a Loan officer 4. Refer back to # 1

Also-as an International Real Estate Specialist - we have the ability to put your home on 100, 200 or even 1000 additional MLS Systems all over the world. DO NOT LIMIT yourself to just the DFW Area.
0 votes Thank Flag Link Sat Apr 11, 2009
Hi, Is this lot still available. I will be interested in buying. please call 505-990-4061or email inshiqa@yahoo.com. thanks
0 votes Thank Flag Link Sat Apr 11, 2009
Get a Realtor/Agent to help you determine a fair market value. List with a local Agent that will negotiate their commissions. Hopefully your agent will contact the local home builders providing them with the details.
Your listing needs to be listed & exposed locally & nationally through sites like Trulia.
0 votes Thank Flag Link Mon Sep 8, 2008
Rachel, there are small builders out there who are always on the lookout for single lot opportunities. Some of those builders only build 3-4 homes a year. By listing the lot in the MLS, you allow them to go through their normal online channels to see the lot. Plus, a good agent knows some of these builders personally and can put out feelers to those agents to see if anyone is interested. I know a former Dallas Builder of the Year who lives in Frisco that could be interested, and a small builder in Rockwall that might want to take on a lot closer into town to bring his product into the North Dallas corridor.
Web Reference: http://www.judgefite.com
0 votes Thank Flag Link Mon Sep 8, 2008
The easiest way is 1. Hire a Realtor 2. Don't try to do this on your own - you will lose money BIG TIME!! 3. Get a Call Capture number which is associated with the Realtor and a Loan officer 4. Refer back to # 1
0 votes Thank Flag Link Mon Sep 8, 2008
Easiest way is to locate smaller builders in the area. This might sound crazy, but you would have luck on ebay too!
Web Reference: http://www.homeferret.com
0 votes Thank Flag Link Mon Jan 28, 2008
This market is so crazy right now that it is hard to say for certain. The fact that there are no other residential lots for sale in West Plano right now is a great plus for you. The fact that the neighborhood was completed in the late 90s could be somewhat of a drawback for someone building a new home...if you will email me your info I will be glad to have the agent I told you about call you and give you his expert opinion which would be great since he is in the Metroplex...I'm a bit out of touch with real estate in Plano.
Web Reference: http://www.DotChance.com
0 votes Thank Flag Link Sun Jan 27, 2008
The lot is an interior lot adjacent to a home on a corner lot. It is padded and ready for a new home to be built on it. The neighborhood was completed in the late nineties and this lot was purchased as a play yard for the family who owned the home built on the corner lot. They sold the home separate from the lot and we purchased the lot. Is it realistic to expect to sell the lot for what the lot has been appraised at? There are no other residential lots available for sale in West Plano.
0 votes Thank Flag Link Sun Jan 27, 2008
Hi, Rachel. I lived in Plano for 6 years - not far from your lot. Are you planning to sell the lot yourself? I know a great agent in your area that could help you.

What is surrounding the lot? Are there other homes already built? I would just make sure that the lot is clear of weeds/debris (in the weather you've been having there probably aren't any weeds right now!)

All the best ,
Dot
Web Reference: http://www.DotChance.com
0 votes Thank Flag Link Sun Jan 27, 2008
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