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Updated over 4 years ago on . Most recent reply

Blaine Alger's profile image
Blaine Alger's profile image
Blaine Alger
  • Investor
  • from Waco TX / Conroe, TX
  • Member since Sep 11, 2017
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376
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Blaine Alger's profile image
Blaine Alger's profile image
Blaine Alger
  • Investor
  • from Waco TX / Conroe, TX
  • Member since Sep 11, 2017
Connect
Blaine Alger
  • Investor
  • Waco TX / Conroe, TX
228
Votes |
376
Posts
Buying & Selling Real Estate

How to Comp Vacant Land? (no MLS access)

Blaine Alger
  • Investor
  • Waco TX / Conroe, TX
Posted

I have an infill lot that I am looking at in Waco, TX. It is in an up and coming area that is seeing a lot of new development and builds. The home prices in the are are a little all over the place due to the fact that it is gentrifying but I would say a builder could come in a build a 200-350k house. 

They are asking 85k cash and I would end up assigning the contract to a developer if I were to lock it up.

My problem is, i'm not sure how to accurately pull comps for vacant lots and don't really know what price point I need to be at.


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