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#455544 - 11/20/16 02:15 PM Pricing my acreage to sell
mrstruesdell Offline
Junior Member

Registered: 05/21/16
Posts: 4
Loc: Florida
Hi we have 11.07 acres we want to sell ASAP. It is surveyed with a new well. You can put up to 8 homes here & it is VERY close to the marina and you have no neighbors within sight just peace & quiet deer & turkey & Lake George across the road. The county has it at $20,000. When we bought it last year for $24,000 it was listed at $28,000. I asked 3 different realtors & they all said $60-65,000. So what should I list it for & how do I convience people it IS worth more than $20,000 we have also been clearing some of the land.

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#455545 - 11/20/16 03:17 PM Re: Pricing my acreage to sell [Re: mrstruesdell]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7950
Loc: Vermont's North-East Kingdom
Originally Posted By: mrstruesdell
". . . what should I list it for & how do I convince people it IS worth more than $20,000 . . ."

That would be the job of the Agent you hire . . . . if you actually list it.

Can the Parcel still be sub-divided into 8 lots with the new Well positioned where it is ?

Will all 8 lots perc for individual septic systems ?

If that parcel were here, I'd probably tell you that "the sum of the parts is greater than the whole" . . . . with each legal building lot being worth about $15,000 to $20,000. Some people don't have the stomach for the uncertainty of doing a sub-division; but the rewards can make it quite worthwhile.

Why didn't the prior Owner sub-divide it before selling it to you ?

What will the Tax consequences be in Florida if you sell it for a big profit after owning it for a mere 12 months ?

It won't be as private once 8 new homes are built on it.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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