Join Australia's most dynamic and respected property investment community

Advice on creating an expression of interest to sell blocks of land we are speculating on.creating

Discussion in 'The Buying & Selling Process' started by Peter Taffa, 4th Jan, 2016.

  1. Peter Taffa

    Peter Taffa Active Member

    Joined:
    25th Aug, 2015
    Posts:
    42
    Location:
    Sunny Belfield NSW
    To all,
    I have posted in another section about this regarding the expenses we can claim on the sale of these. Terry_w has been most helpful.
    The wife and I have some blocks of land in SW Sydney we have purchased , these will be ready for registration 4th quarter this year.
    Before we actually put them to market I was wondering how we can obtain an idea of their worth and somehow obtain an expression of interest.
    What would be the best medium?
    With the right offer we would be happy to sell.
     
  2. LifesGood

    LifesGood Home Building & Development Consultant Business Member

    Joined:
    26th Jun, 2015
    Posts:
    646
    Location:
    Perth WA
    My advice would be to hit the market in full force with your marketing campaign. No use drip feeding them to the market, give it everything you've got and get them sold in the first 30 days.
     
    Last edited: 5th Jan, 2016
  3. Chilliblue

    Chilliblue Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,579
    Location:
    Australia
    Peter, have a talk to a few of the agencies around the area to attain a feel of the price and demand for the blocks. Maybe even engage in a valuer independently to give you a clear idea of what they may be worth.
     
  4. Leo2413

    Leo2413 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    5,841
    Location:
    Sydney
    If it were me i would get a valuation on the land and then also work out what will most likely be built on it ,profit margins the person could make. Then i would try to get a premium for the site due to that factor. Developers would pay a small premium for the land if they know they can still make a good profit margin. If its not for developers and really for family home build buyers then base your listing of valuation/recent sales for similar. I would talk to a couple REAs as well to try to get their feedback re price, most likely demographic to buy it ect.
     
  5. Leo2413

    Leo2413 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    5,841
    Location:
    Sydney
    Technically you would be competing with yourself really. Not saying its not a good idea but just something to be mindful of. It may be better to add stock to the market slowly. Not sure really. Would depend on the market/demand etc. just my opinion.

    btw love your avatar pic. Reminds me of my Mayagi days..:)
     
  6. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    1,717
    Location:
    Brisbane..
    A very simple way would be a simple small sign inside the fence line depending on what laws your local council with a simple sign,saying for sale with your phone number,old style but you won't get the volume,but it will give you an idea on value prior too the blocks going on the market later this year,,.imho..