Property Q&A in Tuskegee>Question Details

Diane Hodges, Other/Just Looking in Tuskegee, AL

How much do you think 5 acres in rural alabama, tuskegee, with good dark soil, in a peaceful area would?

Asked by Diane Hodges, Tuskegee, AL Sat Jan 17, 2009

for? I would like to sell this property which I inherited and would like some advise as to how to start. Who do I need to make contact with? What are my first steps? How long do you think it would take to sell? Do I advertise or what? The area in located outside the city limits, closed to auburn, alabama. If someone were to build on this property to live or rent, the utilities outside of the city limits are very, very low. I used to live there so I know this is a true fact. It would be great for a family, for children, a lot of exploring, you have a great deal of privaicy. It can be anything a person or company wants it to be. It sits off the main highway, but not too far. If you are a nature lover it's perfect. Please assist. Thanks

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Answers

2
Diane, I am an agent in the area. Been so busy lately that I haven't had time to check Trulia.
If you haven't already found an agent, I'd be delighted to discuss these things with you.
As for what the first guy said, "Once you establish the amount you want to pocket for the property, simply add some negotiating money and the commission percentage to that amount in order to determine the asking price. " - That is NOT how I price a listing.
The MARKET should determine listing price, PERIOD. Not what you want to pocket or adding-in commission. That is DEAD WRONG. Buyers don't set prices, sellers don't set prices, and agents don't set prices. The market as a whole sets prices.
I'd be happy to research what similar properties have sold for and are selling for to arrive at a price range for you. If, after adding everything up, you're not willing to sell at that price, best of luck.
I have sold a few acreage listings and I also have a few currently listed.
I look forward to the opportunity of earning your business sometime in the future.
Jay Knorr
0 votes Thank Flag Link Fri Jan 23, 2009
Ms. Hodges,

I suggest contacting a local Realtor in the Tuskegee/Auburn area and see if they are willing to help you. Once you establish the amount you want to pocket for the property, simply add some negotiating money and the commission percentage to that amount in order to determine the asking price.
Properties with road frontage seem to be more desirable and those in high traffic areas may bring even more.

I hope you find this information useful,

Jim Johnson
0 votes Thank Flag Link Sat Jan 17, 2009
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