11/05/2025
What Does Lot Value Mean to the Seller?
If the home you inherited or live in requires too much work and expense to bring to market, you may consider selling the property at lot value. Lot value simply means that the property is valued for the land only, and that the home upon it is so obsolete, derelict, or damaged that it should be torn down. Some buyers may choose to remodel so they can get a toehold in their desired neighborhood.
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If the home you inherited or live in requires too much work and expense to bring to market, you may consider selling the property at lot value. Lot value simply means that the property is valued for the land only, and that the home upon it is so obsolete, derelict, or damaged that it should be torn....