Its really more of an art than a science...if you can't find a good comp, it take s a lot more work, finding other similar homes that sold that you can use to isolate a variable (pook, garage, Jacuzzi, etc.). That will give you an idea of the value of each amenity...adjusting for time is a whole other subject...gotta have a good set of comps to suggest growth rate over a certain period. In the end...its still all about how much a willing and able body will pay for a property. Best of luck...... more
Larry lets have lunch. 520-331-0414 I feel your pain and think I can help. Spend a little time and lets talk, I think you will be able to determine very fast, one way or another, if we could be a fit for working together.... more
Every day real estate is bought and sold and sometimes there is a hardship involved and people have to sell. They are not making any more land so if one has a parcel and can keep it, if the location is right I would say it is wise. The downside on vacant land is the hold. No return on investment until it sells. Unless you figure out a way to create a revenue stream. This can be accomplished a number of ways but I would need to know more about the land the zoning and so on to make any recommendations.
Thank you.... more
Dianna posted rentometer.com. This is the closest public database I have found to actual rental values. It is all so subjective based on condition, location, term, sq ft and so on. Have a good relationship with a real estate professional that specializes in working with investors.... more