All Topics / Help Needed! / Property value

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  • Profile photo of tomtkbtomtkb
    Member
    @tomtkb
    Join Date: 2005
    Post Count: 44

    Could anyone tell me which of the following is easier to sell:

    1) House and land together
    2) just land

    Thanks

    Profile photo of brahmsbrahms
    Participant
    @brahms
    Join Date: 2004
    Post Count: 485

    me thinks house and land. certainly here in brissy, vacant land is very slow to move, and is not achieving premium let alone asking price.

    why? i hear u ask, well, combination of high cost of building, poor availability of trades people, and u can usually find what u want to build already available.

    cheers

    brahms
    Purveyor of Fine Finances
    aka Mortgage Broker Brisbane

    Profile photo of tomtkbtomtkb
    Member
    @tomtkb
    Join Date: 2005
    Post Count: 44

    On the other hand if we are to build the house and sell, people may not like the design of the house!

    Profile photo of brahmsbrahms
    Participant
    @brahms
    Join Date: 2004
    Post Count: 485

    sure, if its really quirky then there is a higher liklihood you’ll get burnt – if the design and construction is relatively standard and appealing to a majority of buyers in that market, it will recieve a positive responce from the market.

    ultimately you have to compare other properties that are for sale and have sold to what your finished product will be in order to make a valid judgement of end sale price (and then you have to work with offers from the market).

    cheers

    brahms
    Purveyor of Fine Finances
    aka Mortgage Broker Brisbane

Viewing 4 posts - 1 through 4 (of 4 total)

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