We buy many tear-down lots in Bethesda, Arlington, Chevy Chase,
McLean, Falls Church and NW.D.C.
We would never think of risking any money on a building lot before we did
these three critical key steps before buying a tear-down lot I’ve outlined for you in this video:
#1 – First, we perform a feasibility study, to make sure we understand what we’re building
and make sure there’s no issues with the lot.
We want to remove the risk from any purchase we make and understanding what home
can be designed and built on the property is the first step in our process.
#2 – Then we lay out and price a custom home on the lot.
We may create a variety of different home plans
and lay the plans out on the scaled survey.
By doing this, we’re able to determine advantages and disadvantages different
home plans have on the lot.
We can also see how large the yard will be and if amenities like swimming pools, outdoor
grilling areas and multiple car garages will fit on the lot.
#3 – And then we do a comparative market analysis to make sure we understand
what the right price to pay for that property would be.
The two secrets to making money in real estate or at least getting
a great deal on the real estate property is to not compete with other
buyers and to pay the lowest price possible for a property.
That’s how we acquire properties.
And many of these properties take us years to find and negotiate.
Here’s just some of the properties on our private list: