A vacant parcel can look full of possibility and still be very difficult to build on. Another piece of land may look ordinary but have the right zoning, access, utilities, and market conditions to support a profitable project.

A low price does not make a property a good deal. A good deal works after the mortgage, taxes, repairs, vacancies, insurance, management, and risk are included.

Your offer got accepted. Amazing. Also, this is the part where the real work starts.