Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Wholesaling
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 10 years ago,

User Stats

43
Posts
7
Votes
Iris Burrows
  • Investor
  • Atlanta, GA
7
Votes |
43
Posts

Wholesaling land: what am I missing?

Iris Burrows
  • Investor
  • Atlanta, GA
Posted

Hi BP Community,

I'm seeking any other ideas on who to sell some land I have under contract. 

I followed the advice from a previous forum and other resources to help me figure the price of the land and what homes would go for in the neighborhood. I checked the property records for zoning and I know the land used to have a home and a business on the lots, so I "assume" there is existing sewage. 

I've marketed the lots to a couple developers in the area (one on the same street), my buyers list, craigslist, my network. I've gotten a little interest, but no one solid. In fact, they eventually "change their minds." 

I've lowered my fee drastically. I assume, this being my first land deal, I could have overpriced it. But still no action. 

What am I missing? 

Some of the feedback I've received:

Too far down the street (corner lot)

Close the the railroad tracks (across the street)

The second lot is too narrow (side by side lots, single owner)

Not a great neighborhood (homes are going for 2's & 3's so I don't get it really)

Not their ideal location (preferences outside the city, Fulton county or OTP)

No one has said the price was too high.

Any insight I would greatly appreciate! 

Thanks,

Iris