OfflineI recently had a seller contact me in regards to a letter that I sent out regarding her property. She has an abandoned house on a corner property in a good neighborhood. When she called she told me that the property included 8 acres of ground. She said that the ground was sub divided into 4 sections.
When I asked her to give me a price she wouldn't she kept telling me to make her an offer for all the land as "one package". I do not know how much land sells for or even where to find that out. It's a great corner property and could possibly be zoned commercial.
My question ... How much should I offer her for all of the land and the distressed corner house?
Do not fear, for I am with you; do not be dismayed, for I am your God.I will strengthen you and help you; I will uphold you with my righteous right hand. Isaiah 41:10
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To your success,
Carol Stinson
Hello, my name is Colleen.... boy am I new at this... I am so interested in doing assignments just to get my feet wet. I need confidence... I would love to have it already. I am the type of person that needs to see it first, do it, then I'm ready. Can you give me an example of an assignment letter?
thanks.... I need to get organized.... I don't have a cash flow of $500 to start with a coach... I read the headings everyday... and for the first time in years purchasing the paper to keep up with the real estate end... WOW... also trying to change my frame of mind.. I want to be wealthy..... its time to end struggling..
colleen
Colleen M Hunter
It may be a little harder to get good comparable sales information on raw land but you need to analyze it just like you would any other property. Find out what other similar types of land are selling for. Realtors should have sales information on raw land as well as houses.
You'll want to verify zoning to be sure what you can do with the property. There may me minimimum acreage requirements if you try to subdivide the parcel.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Hello Colleen, the assignment form is simple. You as the holder of the original contract can assign the contract to an assignee by specifying the contract by date, name of buyer and seller, property description and how much you are being paid to do the assignment. I have a sample form I will email offline.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
Could you e-mail that form to me? Also, how do I check out the zoning on the property? Is this public record? Do I include the house in with the price since it is in such bad shape or do I just consider it all land? The owner said that there was a tenant in the property not to long ago so I guess it is livable.
Do not fear, for I am with you; do not be dismayed, for I am your God.I will strengthen you and help you; I will uphold you with my righteous right hand. Isaiah 41:10
http://realwholesaling.com FREE wholesaling tips and resources!
To your success,
Carol Stinson
the house to the parcel of land, however if you are in the position of making a offer with or without the house, try to make your offer without the house(especially if it's run down) state that the house is basically worth nothing in the condition it's in. You have NOTHING to lose doing it this way, and EVERYTHING to gain.
YOUR HERO, SULLY