Buying From a For Sale by Owner
In our experience, land being sold by a For Sale by Owner is often overpriced, in some cases...significantly. For example, we have seen 1/2-acre lots offered for $15,000+ in units where lots are listed and presently selling for $1,000 - $2,000. Plus, in some of these cases we have seen misrepresentation of the zoning being classified as C-1 (Commercial) when the lot is in fact RRA (Rural Residential Agricultural) or T-Z (Transitional Zoning). It is important that you are properly informed before buying land.