I'm surprised that you didn't get a better answer:
Raw land is very, very hard to estimate; because, until it has value due to the oil or minerals on it, it's vale would be determined by the use the owner would put it to: (never end a sentence with a proposition?)
If it was farm or ranch land; that would def affect its value. But you wouldn't value it by buliding a high-rise on it.
Conversely; if it was located in the city, it would make a good ranch or farm.
So when a Buyer want to buy raw land; whether it is 1/4 acre for one building, or 10 acres for a bunch of buildings; they would need to submit a "plan" for what they intended to do with the land. Otherwise, it would difficult or impossible to get a loan to buy the land.
So, if you value the land at $50,000 for a nice big hacienda, someone else may value the land at $500,000 for a Hotel or shopping complex.... more
Go to your "My Listings" page and look for the listing you want to send report for, click on "Send Client Listing Reports" and take it from there. However, if you do not see the listing in your list, scroll to bottom and click on the link that says: "Not seeing some of your listings on this page? Try to find or submit them here." Good luck Gregory!... more
Since Rio Rancho grew more and faster than anywhere in NM, it also collapsed more... Meaning prices fell more than anywhere here... Combined with the fact that there's alway been an abundance of homes, but a shortage of rentals and commercial property to support it's population makes it ideal for investments.... more
Gerald, This may sum up the IRS take on the credit for you..... http://www.irs.gov/newsroom/article/0,,id=206291,00.html
http://www.irs.gov/newsroom/article/0,,id=206293,00.html ... http://www.irs.gov/pub/irs-pdf/f5405.pdf
Ask about the well and septic system, how new, how deep and if any inspections have been done. Check on any encroachments on the property by utility companies. Check out www.usda.gov about assistance the government might be offering in the form of incentive loans for rural areas. Always check with a local lender to see if they have experience with your type of situation. If you are a first time home buyer or if you have not lived in a home you owned for more than 3 years, you may qualify for a New Mexico Finance Authority (MFA) First time home buyers grant of 3% of the purchase price to use towards your down payment.... more