Guesstimate on .5 acre lot S. of 30A ???

In the end don't we all offer what we think a property is worth?

I worked with a woman who had about 5 acres bayfront in Santa Rosa Beach that was not listed for sale. It was the toughest negotiation I ever experienced, because she did not know its value and was in no rush to sell. She finally asked me what I thought it was worth and I forwarded her 3 appraisers names instead. Later she tells me she never talked to them, but she was ready to sell the property to me. Again, she would not consider hiring an outside opinion and asked me to establish the price.

The only thing I could think of was to tell her that it was a conflict of interest for me to establish the price, although I wanted the property. I finally told her that if she would agree, we could get the property appraisers value and add 10% because they are historically low. She agreed and there you have it.

I hope my ex-wife and her family are using and enjoying the land for 158,000.

AAbsolute, I'm sorry for your loss---the land of course. A wife would be a lot easier to replace than 5 acres on the bay. LOL.

That was a hard negotiation. The woman I was dealing with was in California. Her husband who had passed loved the property and she hadn't seen it or cared to visit the land in many years. It was adjacent some family owned land so it was strategically important, but for this good woman to leave the price to me was very much a conflict.

The ex. and her family trust now own about 12 contiguous acres bayfront on Chat Holley near the bridge. It shouldn't take much care and planning to do quite well with about 450,000 in the whole parcel.

Get an appraisal from a good appraiser that has good knowledge of the area and knows how to actually appraise rather than fill out a form to a pre-determined value for a loan. PM me if you would like a reference or two. I am a local appraiser but only do commercial.

It's True what my uncle said

Nobody really wants to retire in a Birmingham or Atlanta etc........ there is a wall of people (boomers) envisioning themselves at the beach SoWal or Kiawah for 8 to 9 months per year, and for the other 3 months, they'll be vacationing for Christmas, skiing in Telluride, taking a month in the Carribean...

Can't disagree

Nobody really wants to retire in a Birmingham or Atlanta etc........ there is a wall of people (boomers) envisioning themselves at the beach SoWal or Kiawah for 8 to 9 months per year, and for the other 3 months, they'll be vacationing for Christmas, skiing in Telluride, taking a month in the Carribean...

...So you're saying "Now is a great time to 'envision?'"😀

.

If you trying to avoid realtor commissions on a FSBO, why don't y'all get appraisals . Then y'all have a starting point for negotiation. If this is a property you have great interest in, and the seller is not flexible, then see if he/she will allow a realtor to get involved to help determine the market and assist in negotiations.
There are many great realtors right here on this board. If you can't figure out FMV between you and the seller, then you would be wise to get the counsel of a realtor. But, asking here if the peanut is ripe for picking when know one knows where it is won't yield you a peanut farm.

Well, y'all know what I mean. 😀

Awww mangy you are becoming a true southern wench..you said ya'll three times in your post!!:clap:

Sorry for the interruption.....carry on! This really is an interesting post and I hope you let us know how it turns out.

Nobody really wants to retire in a Birmingham or Atlanta etc........ there is a wall of people (boomers) envisioning themselves at the beach SoWal or Kiawah for 8 to 9 months per year, and for the other 3 months, they'll be vacationing for Christmas, skiing in Telluride, taking a month in the Carribean...

Can't disagree

I disagree. I've pretty much decided I'd rather retire in my hometown of Atlanta where we would have access to more health care choices and senior citizen services. I also wouldn't want to have our primary residence along the Gulf due to the threat of hurricanes. Yeah, you can't take it with you, but I wouldn't want people overcharging us for services (property maintenance, storm prep, etc.) when we're too old to do it ourselves. I can't begin to enumerate how many times my Mom has been ripped off.

I'd rather have a *second* residence in SoWal, and then when we're so old we're tired of driving down ourselves, we can sell it. But our social network and our doctors will be in place in Atlanta.