Lot is
an idle piece of land that is ideal for constructing different types of
properties. There is no doubt in importance of a lot. No matter how small or
big it is experts attach importance to the value and construction on the lot. However,
the value, limitation, price and other factors hold different levels of importance
to sellers as compare to buyers.
According
to Dean Graziosi, for a lot owner the opportunities and sales choices are
immense. This is due to the fact that lots are typically ideal for any type of
property. The worth of the lot will particularly increase if it fulfills all of
the buyer's demands, e.g. school, hospital and commercial shopping centers
present in the vicinity.
Dean
Graziosi suggests sellers to follow basic requirements before signing deal with
buyer. Dean Graziosi is an expert
realtor. He
has been delivering his services in the field of real estate for more than two
decades. Due to such a long term service, Dean has vast knowledge on almost all
real estate topics. He is one of those individuals who believe in sharing his
knowledge and expertise with novice and aspirants.
He has
written bestselling books. He conducts live seminars throughout United States.
His designed courses have been proved very helpful to aspirants and novice
realtors. Dean often shares his knowledge on various real estate topics; let us
have a look what he suggests to lot sellers.
Search for an Agent or Company to
Conduct Survey of Your Lot:
An
individual or a company who is responsible for the survey will tell you about
specifications of your lot. It has been reported that some of the deals
cancelled due to mere reasons, reasons that could have been solved earlier. An
agent is responsible for giving specs of your lot's boundaries. He/she will
suggest you any other issues that might need to be solved before selling your
lot.
A Qualified Appraiser:
Contact
a qualified appraiser to get accurate estimate and valuation of your lot. For
this purpose, you can contact your family members, friends and acquaintances to
get recommendations for a good appraiser. Based on valuation of your property,
appraiser will give you price of your lot. An appraiser calculates price and
value of the property by comparing number of the sold properties in your lot's
vicinity. He will also compare price of the lot. In order to get correct
estimate, the appraiser must keep in mind following factors:
- The properties that are evaluated must be same, for example, you cannot compare price of an apartment building with price of your lot.
- The size, nature and other specs of the lot must be same as that of your lot.
- He must make sure that the records are not more than six months old.
A Real Estate Agent:
Search
for qualified real estate agent. A real estate agent will help you making correct
estimate of the property. He/she can help you find a qualified appraiser; he
can help you sell your lot quickly. However, you must keep in mind that you must
search for an agent who do the work accurately and do not charge a hefty
amount.
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