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Updated over 6 years ago,
"Stone cold newbie" question: Valuation of Land
Hello again BP community,
It's Josh Cunningham, wholesaler/investor in the Columbus OH market with another SCN question.
First, a little backstory on the situation. I've been cold calling an absentee list and I ran into a seller who inherited a plot of land but doesn't want pay to hold it. He is not under contract and being a SCN I'm not sure how to valuate land to determine a reasonable offer.
What approach would a seasoned investor take to valuate a plot of land? Are there any credible resources for valuation? What roles do easements, drain lines, utilities and soil samples play in determining the value?
Any insight is much appreciated and I'm really leaning on your experience BP. Thanks
Josh Cunningham
"Buckeye Nation"