All Forum Posts by: Yu Shi

 It would, but that's really where the value is. Otherwise you are just trying to flip land. It's like me buying a house, doing nothing to it, and resell at a profit. Those days are over due to rising costs of construction, etc.

There may be a compromise with a builder. For example you hold on to the land while they get plans approved and they pay a premium with a non-refundable deposit. Long shot but in real estate creativity is important.

 We look at our sales through three main lenses. Price, Condition, and Exposure

it sounds like you have already done a reasonable amount on the exposure front so the main issues lies with either price and/or condition.

If you can't reasonably improve the condition of the property then you simply have the wrong price.

 For example do you have a layout of what can be built and has it been approved by the City/County? This saves time and money for the next investor. 

There are two reasons why a property doesn't sell: Price and Marketing (or more commonly the agent).

If you feel like you have been marketing the property well, then it is the price.

Land is extremely difficult to sell. This is especially true if there aren't utilities nearby and frankly in the middle of nowhere. 

It would be interesting if you had approved plans to go with the property and the utilities were ready to go. That would increase the desirability.

Show a picture.  Describe the property.  
1.  Ask the neighboring properties.

2. List on Loopnet and Crexi 

3.  Get with a realtor.

4.  Donate for a tax writeoff.

5.  Drive around the area and see how similar properties are being marketed.  Go that route  

Is this a one and done deal? Or are tax sales your REI approach. If it's your approach, start looking for properties for your end buyer. Or only do unless your creative. You have to bring value to the property.

What have you done to market and improve the land? Have you done drone footage and professional photography? Have done any soil testing or build studies so that you can transfer the land in a more opportune way than when you bought it? From your post it sounds like you bought dirt and then just tried to sell dirt. If you want to flip land, you have to do something in the middle to make it more attractive. Real estate agents who sell land only know all of the buyers, but it depends what can be built there.

 Vacant land is not easy to sell unless you are offering seller financing with little to no down payment. Also include pictures of the land.

Is the land buildable / usable? That is also a major factor. I know someone who bought 20 lots on tax sale in PA and none of them are buildable / usable for any type of use so they are bsaically worthless. Not saying that is the case here, but just be careful to anyone reading this.

Also have you posted it here on BP classified?