Sorry about the very basic question, especially if I simply missed the answer somewhere in the training program.
In the training package, Steven uses an offer price of $100/acre. Because my target county has different vacant land values, I’m wondering how to set my offer price. My understanding is that a good way to do this is to look at completed sales for comparable properties on LandWatch, which makes total sense to me.
Is it just a matter of applying a multiple (say 25%) to the typical completed sale price to get the offer price. If so, what is a good guideline for setting the offer price?
Thanks for your help! I think the training program is great!
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