Tomas,
First you need to determine the exact lot size and if it has a seperate tax id number ands there are most likely restrictions on how many lots it could be devided into( could be 2 lots depending on shape. Also check its zoning. Check with local building codes regarding setbacks. In my area that 10K sf lot would have a SFR or maybe a duplex.
Originally posted by Tomas Hernandez:
This would be on a residential and not commercial. right now the property is 24,000 sqft. and half of it is being used as a SFR and the other half was used for horses. Therefore, the right side of the land 12,000 is vacant and and flat. The owners want to sell it and I have a buyer who wants to build some homes in the vacant area. (this is all new to me) I dont know exactly what role I will take or should take but I am not going to jeopardize my carrer for this. That is why I'm posting. So far I've been reviewing the comps and I have the information on what types of properties have sold in that area and what they are going for.