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How much is my land worth?
No website can tell you exactly. Here is what decides it, and how to get a fair read.
What decides the value of vacant land
- Access: legal road access matters more than almost anything else.
- Utilities: power, water and sewer at or near the lot.
- Zoning and use: what can be built, and whether a septic system would be approved.
- Size and shape: usable area, not just acres.
- Location: distance to towns, jobs and paved roads.
- Flood zones and wetlands.
- Recent sales nearby of similar land.
Why online estimates are unreliable for land
Automated estimates work for houses because thousands of similar houses sell. Vacant lots sell rarely and differ widely, so there is little to compare. Treat any single number as a guess, and look for a range.
Tax-assessed value is not market value
The county's assessed value is for tax purposes. It can sit well above or below what a buyer would pay.
How to get a fair read
- Look up recent sales of vacant land in your county, not asking prices.
- Ask a local land agent for an opinion of value.
- For a high-value parcel, pay for an appraisal.
- Compare any cash offer against those.
Common questions
Is your offer what my land is worth?
No. A cash offer is below market value by design. We say so before you decide.
Does an appraisal cost money?
Yes, an appraiser charges a fee. A land agent's opinion of value is often free.
Plainly stated. Our offer is a cash offer. It will be lower than what the land might bring if you listed it with an agent and waited for a buyer. In exchange you avoid commissions, listing time and the uncertainty of a sale falling through. We may buy the property ourselves or assign our purchase agreement to another buyer; either way the price you agreed is the price you are paid at closing.