Have a real written contract, the AGC and ABC have samples you can use as a template.2.

Do you have sample of your ads?

Thank you all for the replies and thank you J for allowing me to see a sample of your business plan, it's exactly and more of what I was looking for as a reference.

The court had this to say:"It is for this reason that real estate brokers and agents must refrain from inserting in a real estate purchase offer or counteroffer any provision which requires the exercise of legal expertise.

Here is what I found for some towns in and around Central Valley, CA:Redding: 122 PropertiesYuba City: 103 PropertiesModesto: 362 PropertiesFresno: 643 PropertiesSan Jose: 894 PropertiesSacramento: 1,074 PropertiesThis is just a sampling.

Maybe there is a sample form available that reflects your state's law.

When I'm trying to determine if one area can be used as a comp for another subdivision, I take a larger sample (read go back further in time) and see how the prices compare for each area.

Jonathan look up the taxes and divide by 12 to get monthly tax costs.Look for the HOA docs to see if there is an assessment and how much.Usually if you find a listing on MLS in that subdivision there will be some houses and it will list association dues monthly or yearly.For instance if taxes are 1,000 and HOA 1,500 then you have about 208.33 a month in costs.If you buy for 4,000 and hold for 2 years you have to get at least 9,000 in 2 years time to break even and even more with closing costs etc.That money will be dead not generating a return for you.You also need to know the soil sample and build ability of the lot.This will be a factor from who buys from you if they want to build a house.On the MLS you can see what developed lots are selling for.Is this lot developed and cleared with pipes sticking out of the ground or does it still have all the trees and uncleared and ungraded in it's natural state??

It's difficult to read the situation because rates are in uncharted territory so it is interesting to see the PE & Hedge funds chasing yields.If rates pop up, congress talks about reinstating mark to market, or any number of things occur things will become interesting again.I am in the camp that we are in a "oddly tight" market right now with all signs of bubble "cant lose" mentality - that being said it could go either way depending on Govt policies and bank/gse behavior.I think Tom Juhn that if it does not feel right, exercise extreme caution.

Find a buyer for the property and exercise your option and close.