As I mentioned in another thread – the money isn’t real until you have it in your hot grubby hands. So has your friend actually sold any land yet?
We own a beautiful residential lot in North Scottsdale – about every 6 months we get an unsolicited call from some realtor about how much the property is worth and are we ready to sell? We always say “Show us the money” and then we never hear from them again.
Also the agent’s sales comission is higher on vacant land – I think it is more like 10%
Speculating on land in Yuma sounds crazy, but I would have said the same thing about anything east of El Camino 30 years ago too – so don’t listen to me!
