• Blake – thanks for chiming in here. Solds in the subdivision are $70K-$80K. Problem is I’m seeing 3 lots for sale in the subdivision for the $70K’s and they’re not selling for a while.
    Mind you, this is a very pricey subdivision. It’s a gated-community but nestled in a rural area with lower prices.

    Since my original post I’ve gotten calls from 2…[Read more]

  • Michael – I get what you’re saying about the “unwanted land” but I think it can work for any kind of land, just not at 10%-30% of market value. More like 50%-60% if it’s “good land”…which is also good, but becomes more about the dollar value of profit, rather than the percentage. So you won’t be selling a $1000 property at $5K for a 400% profit,…[Read more]

  • Michael – Thanks for chiming in. The broker’s agreement ends in May 2018 with no possibility to cancel in advance. So I’ll have to foot the bill here. I’m sure the broker won’t be very happy with such a low commission, but not my problem.

    The market is not that hot in the area. It’s an A-class gated community, but is a pocket surrounded by a…[Read more]

  • I’m kind of nervous about it since it’s not selling at $70K on the market now, and tying up $50K to make $10K is a bit daunting for me. Anyone have experience in this price range?

    Kevin – what do you mean by “deals per month to get by”? I typically do lower priced deals, at around $5K-$20K.

  • I mailed a new county (never mailed there before) with higher priced lots in better areas. I got a response from a seller who notified me that the property is listed with a broker on the MLS for a few months now for considerably more than what I offered, but he agreed to take my offer.

    Lot size: 2ac List price: $71K. My offer: $48K. The area is a…[Read more]

  • Thanks for the responses.

    Yeah, it’s around bought for $2K and selling for $7.5K. Selling for cheap is always an option, but I don’t want to sell for cheap. It’s a good property. Plus, if it’s an easy fix, I’d be kicking myself later for not making the effort to get the full amount I could have gotten.

  • Update: Tax title services want $1,250 to resolve the issue. However, it is my understanding that they don’t give title insurance, rather just prepare the property to be able to be insurable. Quiet title costs $1,500, so no real difference in price. Bear in mind, both solutions don’t make economic sense to me at these prices.

    Any other…[Read more]

  • Thank you, Joe. I’ll give them a try.

  • I have a residential parcel that was conveyed to me via a Warranty Deed. I did’t buy through Title, rather using a mobile notary.

    When I came to sell the parcel to the neighbor, he wanted to go through Title, since he was thinking about building on the parcel in the future.

    Title Company was concerned and delaying the closing since the person…[Read more]

  • I have the LA program but I don’t see a contract for selling land on terms. Does anyone have a copy of it? If it makes a difference I’m selling land in Oregon.

  • Roy joined the group Group logo of SupportSupport 3 years, 6 months ago

  • Roy became a registered member 3 years, 6 months ago