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re: Quick, discount land buyers
Posted on 4/14/16 at 8:56 am to TigerSaint1
Posted on 4/14/16 at 8:56 am to TigerSaint1
The only way someone like that will buy your land is if they feel like they can make a descent profit worth their time. I would think they would offer about 70% of the actual value.
If I was you, I would try just knocking 10% off of your current asking price if you haven't really had any offers and try pushing it on resale sites on FB and on craigslist assuming you don't have it listed with a realtor.
If I was you, I would try just knocking 10% off of your current asking price if you haven't really had any offers and try pushing it on resale sites on FB and on craigslist assuming you don't have it listed with a realtor.
2
Posted on 4/14/16 at 9:12 am to LSU1018
Grits, without divulging too much info, it is a small city in SW Louisiana that isn't a major attraction for busines, but is doing better than most. It is zoned "commercial, central business", is highly visible and fronts a highway. You are right about the small pool of potential buyers. The deal that fell through was for $10/square foot, but I have no illusions and do understand that getting even close to that going forward is probably unrealistic.
TigerSaint, I won't be home until tomorrow to access the paperwork with the specific size. I know not all city blocks are a consistent size, but it is roughly 40% of a block.
LSU1018, already came down 30%, and willing to do more. It is listed with a realtor.
All your info has been helpful. Appreciate it!
TigerSaint, I won't be home until tomorrow to access the paperwork with the specific size. I know not all city blocks are a consistent size, but it is roughly 40% of a block.
LSU1018, already came down 30%, and willing to do more. It is listed with a realtor.
All your info has been helpful. Appreciate it!
This post was edited on 4/14/16 at 9:15 am
Posted on 4/14/16 at 9:14 am to LSU1018
I think you'd be a lot better off dropping the price 10-25% than seeking out someone to buy it, anyone posting ads is looking to pay 50% or less of the value.
It's like trading in your car or something of that nature, those land buyers are nothing but middle man trying to flip it to make a profit. You are better off listing it at a price that someone will buy it and actually utilize it themselves.
If it's not selling or getting offers, and I know land can take longer, than the reality is you just need to lower your price substantially.
It's like trading in your car or something of that nature, those land buyers are nothing but middle man trying to flip it to make a profit. You are better off listing it at a price that someone will buy it and actually utilize it themselves.
If it's not selling or getting offers, and I know land can take longer, than the reality is you just need to lower your price substantially.
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