Vacant Land Purchase. All help and advice wanted!!!

[Christian Requejo]

Hello everyone, I hope all is well. I am in the market to purchase a vacant lot to build a new home as my primary residence. As the market continues to correct it self and prices begin to drop. I am beginning to search everyday for vacant lot. I have my eye on a couple of properties. My question is how can you evaluate the listing price of the property for a vacant lot? Especially in an area that basically has no vacant lots near by. How much do you know to negotiate on the listing price? It's hard to do any type of analysis to come up with the true market value. I always like being reasonable with my offers. I live in Miami FL and there is not much vacant lot here to begin with so how can I make sure I don't over pay and still give a reasonable offer?