I have 7 vacant, waterfront, large acreage lots: What do I do?

[Ciera Hutson]

I am very excited that as a new agent I was able to list 7 properties in central Texas last Friday, but I have no idea what to do now.  I have only been lisenced and practicing since December and so far I h.ave only done a few residential deals with low to middle price points.  I  generate all of my leads myself making cold calls including these 7 properties.  

 I definitely want to sell these properties and even though I'm nervous I won't be able to get them sold I really want this experience.  I want to learn so any input would be appreciated. 

So here's the deal:  These properties are very large and vacant.  Six of them are 20+ acres and the seventh is 53 acres.  They are all build-ready with utilities, gas, water, wastewater, etc. and level.  The owner called them "perfect for ranchettes."  They are located within 30 minutes of downtown Austin and about 15 minutes from a small college town, San Marcos.  

How do I get these sold?  Where do I find buyers for this type of property? Should I try and find a developer or builder?  I don't even know where to start. 

[Justin Tahilramani]

How are they priced?

[Ciera Hutson]

3 for $695k

2 for $750k

1 for $899k

1 for $1.2 million

[Chris Sweeney]

Wow. Do the comps support the prices? You might find a custom home builder looking for some lots. Search new construction on the MLS and you might find some builders.

[Ciera Hutson]

Yep.  The comps support these prices.  I originally had 10 of them but his son-in-law bought one and his neighbor bought the other two, all three went for full price.  It's amazing property.  If I could afford it I would buy one myself.

[Justin Jarmon]

DM me the addresses. My BIL is a builder and developer in the area. He may be interested.

[Account Closed]

Why don't you ask your broker for advice?

[Ciera Hutson]

Of course I am asking my broker for advice but there is no such thing as too much advice in my opinion.