So, anyone have ideas on how to value your home to developers?
I got a few offers, but they are just above market value at this point. Let's say, your home is that last home on the block, that is holding out for developers. How much mark up should you expect?
Some factors to consider.
New zoning laws allow for 6 story high condo or apartment complexes.
A double lot that was undeveloped that is attached to the block sold for multimillions.
The homes beside my home sold for cheap.
I basically own Boardwalk and they need it to build hotels. I send an e-mail to commercial contractor to get a quote on building costs and asked my realtor for a quote as well. I think the developers are low balling me, considering how much money they are gonna make on the project. Thoughts?
I'm guessing they could put a 70 unit complex, once they have my property.
I got a few offers, but they are just above market value at this point. Let's say, your home is that last home on the block, that is holding out for developers. How much mark up should you expect?
Some factors to consider.
New zoning laws allow for 6 story high condo or apartment complexes.
A double lot that was undeveloped that is attached to the block sold for multimillions.
The homes beside my home sold for cheap.
I basically own Boardwalk and they need it to build hotels. I send an e-mail to commercial contractor to get a quote on building costs and asked my realtor for a quote as well. I think the developers are low balling me, considering how much money they are gonna make on the project. Thoughts?
I'm guessing they could put a 70 unit complex, once they have my property.