How To Determine The Value of Your Land In Orange County

Do you know the true value of your land in Orange County? It can be tough to determine the fair market value of a piece of land. In our latest post, we offer some ways to help you get a better idea of what your land is worth!

Determining an accurate value for your land can be difficult. You can look at what other pieces of land are selling for, but there are likely features of your land that make it unique.

Property Features

Utilities
Are there utilities running to the property? If not, the new owner will likely have to pay to have utilities made available before they are able to build. These costs can be factored into the value of your land.

Assessments
From time to time, counties will impose assessments on property holders in an effort to raise funds for increased development. Things like utilities, new roads, and sidewalks can all come with a fee for local property owners. If there is an assessment balance on your property, the value will be lower than those properties that have assessments paid in full.

Location
While being on a busy road can be great for commercial properties, the opposite is often true for single-family homes. Being on a busy street will typically decrease the property’s value. Other things like being a corner lot, larger than average lot, or the proximity to necessary amenities all play a factor in how much the property is worth.

The Dirt Itself
The quality of the soil can impact a property’s value as can the amount of foliage that will need to be removed for development. If the property is covered with bushes and trees the costs can be expensive to clean and will be reflected in the value of the property.

Run Comps

A good way to determine the value of your land in Orange County is to take a look at the most recent comparable sales. The pieces of land you are comparing yours too should be as similar as possible. For example, you can’t compare a lot along a creek with one surrounded by others lots just a few blocks over. You’ll want to focus on the most recent sales.

Future Development

If there are big plans for your area, make sure to make this known when appealing to potential buyers. Investors will swarm at the chance to purchase a property in an up and coming area, where land values are likely to rise.

Show The Potential

If you decide to sell the land yourself or work with an agent, it’s important that you highlight the potential of the land. You can go so far as to create schematics of what could be developed on the land. Give potential buyers a vision so they see more than just a piece of dirt. Show them the highest and best use for the property. Let them know what’s possible as far as development and from a financial standpoint. Familiarize yourself with development costs so you can help answer your potential buyer’s questions about the lot.

Statistically, there is a smaller market for land than there is for residential properties. Finding the right buyer who can follow through and pay what you want, can be difficult to find. By choosing to sell your land directly to H&M Realty Group, you can be assured you will receive a great price, a fast closing, and the ability to reinvest your proceeds into another investment right away if you so choose. If your land isn’t doing anything for you, maybe its time you consider an alternate investment!

Let us help you determine the true value of your land in Orange County! Contact us today for more information!

Joe

Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

Get More Real Estate Market Info... Subscribe Below!

Learn more about us and find other resources on buying investment properties with us. Like us, follow us, connect!

Access Local CALIFORNIA Investment Property Deals...

Handyman Properties - Fixer Uppers - High Equity. *These are not on the MLS - Many are below $300k. Available properties on the next page.
  • This field is for validation purposes and should be left unchanged.