Posted By: nak
How do you come up with a listing price for land? - 10/16/16 01:58 AM
I have searched the current listing, and had a friend search closings in the last 2 years, and I have not been able to come up with any comps that seem to fit the bill.
I have a 30 acre tract in Anderson County that I MAY decide to put on the market ( I changed jobs, and we moved, so I do not get to enjoy the property as often as I used to). It's a small tract, which is not hard to find a lot of listings for, but my property has frontage on the Trinity River, which seems to rarely come on the market. This seems to greatly complicate the valuation process. On one hand, the river frontage has value, but about 1/4 of the property is in the floodplain, which I think will reduce the value.
We also have paved county road frontage, electric, are on a rural water system, have state minimum septic system, and have a small 12'x24' cabin. (We originally planned on building a home, but the job change kind of put a halt to that. )
I have tried talking to a couple of agents from that area, but both barely gave me the time of day...I suppose its because I'm a "city slicker" and not one of the locals. I'm afraid these folks are looking at pricing for easy commission, not for the best deal for the seller. I just did not get a feeling that I wanted to list with either of these folks.
Anyone have any ideas?
I have a 30 acre tract in Anderson County that I MAY decide to put on the market ( I changed jobs, and we moved, so I do not get to enjoy the property as often as I used to). It's a small tract, which is not hard to find a lot of listings for, but my property has frontage on the Trinity River, which seems to rarely come on the market. This seems to greatly complicate the valuation process. On one hand, the river frontage has value, but about 1/4 of the property is in the floodplain, which I think will reduce the value.
We also have paved county road frontage, electric, are on a rural water system, have state minimum septic system, and have a small 12'x24' cabin. (We originally planned on building a home, but the job change kind of put a halt to that. )
I have tried talking to a couple of agents from that area, but both barely gave me the time of day...I suppose its because I'm a "city slicker" and not one of the locals. I'm afraid these folks are looking at pricing for easy commission, not for the best deal for the seller. I just did not get a feeling that I wanted to list with either of these folks.
Anyone have any ideas?