Get Serious Multi-Parcel Deception: The Hidden Data That Could Bankrupt You | Ep. 113 | Get Serious with Chris Duff
Apr 28, 2025
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Complexities in Infill Lot Evaluation
- Chris Duff shared a detailed review of a seemingly simple quarter-acre infill lot that revealed complex pricing issues.
- This example illustrates how initial impressions can be misleading in land investment due to hidden factors.
Be Skeptical of Off-Market Comps
- Avoid relying solely on MLS comps, especially off-market deals, as prices from big homebuilders can mislead valuations.
- Investigate the buyer and transaction context, particularly for multi-parcel sales, to understand true market value.
Homebuilders Distort Market Prices
- National homebuilders like DR Horton use land bankers and complex holding structures affecting land price transparency.
- Such purchases often don't reflect open market values, making comps from these deals unreliable for pricing.