Vacant Land Value

[Thomas Guillory]

Hello fellow BPers, 

I own a small plot of vacant land, sitting between two rural houses in an unincorporated area of Harris County, Tx.  I am wondering how to determine the fair-market value for land? Also,  what are the steps to sell virtually?

Thanks,       Thomas

[Mike T.]

Thomas

Vacant land is not a perfect market.  Really the land is worth what you can sell it for.  You can track down comparable sales, but they will probably be few and far between.

You say you are the owner so closing cost should run $1000.00 total, hopefully you can split with buyer.

1. Contact the owners of the two houses, they have the most use for the land. - You can mail or call them, find phone number on intelius.com

2.  Put up a for sale sign in the yard (or higher someone on craigslist to do this for you).

3.  Start running 3 craigslist ads a day  in local markets, you need have pictures, and know uses of the land Can you drop a mobile on it)?

Good Luck!