What is the customary % to offer when negoitating Vacant Land in Mandeville now?

Asked by Rachel Vogel, Covington, LA Mon Jul 30, 2012

If a person is asking $40,000, flood zone is not the best so you'll pay more in flood insurance. Would 70% of asking price be good to start negotating at?

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Alan Enderma…, , Mandeville, LA
Mon Jul 30, 2012
Negotiation is an art to itself. There are no "set" percentage starting points for what might be an acceptable offer. A REALTOR buyer's agent would pull the comparables for other vacant land which has sold in the area. The realtor would then take into consideration things such as your subject's property location, size, whether the is wooded or cleared, and other factors to arrive at a reasonable expectation of what the property should sell for. Once that number is obtained, negotiations, in good faith can begin and hopefully a mutual win, win between the buyer and seller can be reached.
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LaRocca Team, Agent, Covington, GA
Mon Jul 30, 2012
Gulf coast bank has good rates for VL
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LaRocca Team, Agent, Covington, GA
Mon Jul 30, 2012
It depends on whether there's utilities on the property, if the property is cleared or wooded, floodzone, location and size. To be honest having a realtor represent you would be the best for you. As a buyer, you do not pay the commissions owed to the buyers agent, the seller does. The listing agent has already negotiated a commission which is then split if you retain an agent to represent your best interest. Feel free to call if you have any additional questions 985-727-7102
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