So I have a raw land deal to wholesale. It is 17 acres of undeveloped land in a small rural area outside of Birmingham, AL. This particular property is land locked. The surrounding properties were all family owned and eventually they all became bank owned. The property in front of the property I have to wholesale has an abandoned house on it and that house's driveway used to be how the property owner accessed their property. That property is now bank owned.
I have no idea how to market this property. I have a couple of questions.
1.) How do I determine the value of this property? There are certainly no similar comps around.
2.) Do the sellers need to get an easement to the property in order to have access to it or is that something the buyer would be responsible for?
