Where does the value of land come from?

[@billtatireta1514]

The value of the land laid in the eyes of the beholder. Either it's a developer or farmer. Thanks Cherif.

[@Patricia-Margaret]

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

[@roylangston4305]

Or as Cornelius Vanderbilt said, "Buy it by the acre, sell it by the foot."

[@amalialee]

Thanks for sharing^^ thinking to take my master's degree on land valuation management by next year. So curious what subjects will have in the future.

[@FPOAK]

Because the guy offering $2 million funded the campaigns of the local councilmember and planning commissioner

[@TheVideoGameMob]

Yes that’s the market value to them. Based on their industry and market they are in. However, value is different from worth. How much money is the land worth and what is the price of the Natural raw land? Especially since all land is a non renewable resource. You have to have a starting point or bottom line. People telling you they are not willing to negotiate with YOU about YOUR property is crazy. That’s proof that’s it’s WORTH more. Unless they know they are overpaying.

[@kentheengineer592]

3:23 this answers the videos inquiry

[@tahirbinfazal5352]

How can evaluate the offer of a vacant land being a wholesaler?

[@CokeysCasino]

Amen dealing with a similar situation

[@BenardKamugisha-c5g]

Nice , but I don't see the aspect of location, why would one want to build a condominium where another wants to farm?

[@Ruben-tp2se]

Not all about housing Also commercial use

[@MC-mh2ju]

Can someone explain the drawing to me, I don't get it?

[@Fields_Forks]

Nice explanation. Can you make a video on increasing valuation of property if it is a land.

[@CherifMedawar]

Here is a video clip regarding what I said about land and valuations: kzbin.info/www/bejne/jWi5aYeggL-IftU

[@CherifMedawar]

This one video clip is even more detailed about my explanation of land values kzbin.info/www/bejne/eJSyopSLarGqa6c

[@Fields_Forks]

@@CherifMedawar Thanks for responding. Watched the two videos. So the takeaway is - land value is based on potential use like parking, storage, retail etc..The actual question was how to make it suitable for a use that fetches higher value. It is a slightly open ended question with too many variables in play but examples would help.

[@zulemaflores1234]

If there is a parcel for sale for $980, a 7,000 square feet lot, and taxes are $300 a year. Then how much should I pay for the parcel? An agent is selling it. I really want to talk to the owner though. There is no house on the parcel.

[@CherifMedawar]

Look at: 1) comparable sales of similar lots in the area 2) what kind of entitlement can you get for that parcel of land Try to get it under contract and check with city planning and zoning before commuting to buying it Good luck

[@zulemaflores1234]

@@CherifMedawar Thank you sir! Thank you so much for your words of wisdom. I speak blessings in all the work of your hands. May the Lord keep using you to help others. This is your calling!

[@etaylor38]

The Best.

[@TheAnduwan18]

He is. I just discovered him

[@_StoicMindset_]

Hello! May I use your story for my book @CherifMedawar ? It's a book, that I hope will help others to understand how to real estate works. I will mention you, if you desire so.

[@CherifMedawar]

Yes sure. That’s very nice. Glad you find my story inspiring 🙏