Flippin Land

I have a friend that flips properties but they mainly do lands. How do I go by figuring out how much the piece of land is worth?

Comments(2)

  • vikingchild20th September, 2005

    check comps in the area

  • RonInAZ22nd September, 2005

    I just did one. Right in the middle of the city. Crappy old house with the right zoning. Nothing else like it.
    I just asked my client if the price made his project work. He liked the short answer.
    In your case, if nothing has sold for you to compare it against, why would someone pay more than you?
    Are you adding a well?
    Getting utilities in?
    Subdividing?
    Or just a smotth talker?

    Go to a title company and ask them if they can handle your closing. Then ask if they have any way to find past sales(they do) for similar land and zoning.

    thx..ron

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