Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Marketing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
William Dubin
  • Wholesaler
  • Buffalo Grove, IL
0
Votes |
3
Posts

How long between price drops on vacant land? How to market?

William Dubin
  • Wholesaler
  • Buffalo Grove, IL
Posted

I have listed for sale a 4 acre parcel that is adjacent to existing single family residential developments, most of the area homes are valued between $350k and $550k, with several at $700k+ and on acre to 1.25 acre lots.

Is listing my parcel with a residential real estate agent participating in MLS the best approach for marketing and selling? It seems there would be other avenues or methods I'm missing.


Next, since vacant land seems to take a long time to sell, how long between price reductions is suggested?  

The county has my parcel's value assessed at $102,000 and my initial listing price was $124,900 and after a month I reduced the price to $114,900.

Thank you and let me know what additional information I can share that would be helpful.


Loading replies...