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The following is a list of questions you might have about
dealing with LandDealMaker.com. If there's something on your mind that
isn't covered here, please contact us.
Q: Who is behind
LandDealMaker.com?
A: We are a real estate investment management firm with
offices in Indiana and New Jersey. We specialize in vacant land acquisitions
nationwide. We are not real estate brokers; we make deals
for ourselves.
Q: Why do you want to buy
land?
A: We believe that land is a good long term investment. Of
course, land investing is not
for everyone, but requires patience, a long-term view, and the
ability
to handle negative cash flow in the near term. Or you have to
truly enjoy using the land while you own it and pay taxes on it.
We believe vacant land can be suitable investment for some of the
private investment partnerships that we
manage.
Q: Why are you trying to find
sellers directly instead of buying what you see advertised or listed
with brokers?
A: Land that is being advertised is often held by dealers or
investors that are holding out for a high profit. Land listed by
brokers also involves higher closing costs than dealing direct. We want
to buy land at competitive prices. By reaching out to you, the land owner, we get
a better deal than paying full retail price. We also benefit you by
giving you an offer quickly. If you have a great deal of patience and
marketing skill, you may be able to do better by advertising the
property yourself. But if you want to make a deal now, and don't
want to pay a broker, we may be your best option.
Q: So will you consider listed
property at all?
A: Yes. If you have an attractively priced listing to which
you'd like to call our attention, or you are eager to sell quickly,
it's okay that it's listed or advertised already. Just fill
out our questionnaire and we
will evaluate it.
Q: Do you cooperate with real
estate brokers?
A: Yes. If a property is listed with a real estate broker, we
respect the listing and will not interfere with it. We encourage real
estate brokers to contact us with listings that they feel may fit our
criteria. Please be selective, and keep in mind that we are
not retail buyers.
Q: How can I tell whether
the price I'm being offered is fair?
A: The simplest answer is to compare it to other offers you
may have received. You may also want to compare the offer to the
present value of the income or other benefits that the
property is providing to you. Comparable sales are also a good
measure, if you can identify properties that are comparable to
yours that have sold recently. Sources for sales data include the
local courthouse, national data providers like RealQuest.com, and local/regional
data providers like NYDeeds.com.
Or you can talk with a real estate broker or appraiser who is familiar
with the area. Keep in mind that sales prices are often
very different from advertised asking prices, especially for vacant
land.
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