Stuck with land we've outgrown

The land market is funny.

I've known of bids where $L 100k+ for a standard 2048m lot in Caledon has been *turned down* for whatever reason. (pro tip: if someone offers you that much for 2048m TAKE IT, that's crazy good money!)

Meantime, other people can hardly find a buyer, and turn to me for help finding one.

Perception is huge, and market communication is really bad.

So what's land in a private estate worth?

Pretty much whatever anyone is willing to pay at any given moment, best I can tell.

You paid 73,000L for the land in the first place??

I also "bought" land from a private estate owner - I have no regrets, I didn't pay a huge amount up front for it. When I want to move on, I'll try and sell, if not will just abandon it and move on. But yeah, lesson to be learned - never pay a lot upfront for estate land.

Some sims have sim owners with good reputations, this allows the plots to actually be sold for a better price to the expereinced buyer, to the novice buyer, its just more expensive and they'll probaly go right past it.

The big differnce nowadays in estate land prices is drectly related to the
1 Estate owners reputation
2 Size of the esate owners continent
3 Rules of the estate (convenants)
4 Word of mouth support from the current land owners on the sim

Esate land hands down is better looking ethetically than mainland, but the differnt owners reputation and covenants vary drastically. You'll need to find a buyer that can trust your estate owner, abide by his/her rules

Huh? If you want to argue semantics here I guess that is fine if it makes you happy but it doesn't have anything to do with this thread.

No one truly owns any land, in first or second life. Get over it.

But as far as it concerns SL, you own it if you pay tier to Linden Lab.

And, since you quoted me in that reply, I will just say that I have not asserted that. I think there are many reputable private estate owners who manage their sub-letting of their land very well and honourably.

My major point is that when someone is considering "renting" land from one of these private estates (I'm sorry, but I can NOT bring myself to call it "buying", they just need to do some research about who they are renting it from if there is a large up-front payment required in order to get that land.

Buying from LL is as safe as SL itself (which is a different debate) - LL isn't going to disappear while SL stays around. Whereas renting from a private estate, depending on the estate owner, could just disappear tomorrow, or be just as good (or better) than buying mainland. I am saying it is higher RISK, and that people need to do more research because of that increased risk, that's all.

To the OP: Yes, reselling estate land as an owner of a parcel rather than the whole estate is generally not as marketable as reselling parcels on the mainland. The primary reason is that the security of the ownership (so to speak) is not only dependent on the stability of Linden Lab but upon the stability of the estate owner as well. Regardless of the reputation of the estate owner, the person or group that owns the estate is always going to be considered less reliable and the ownership of the land a higher risk than ownership of mainland through Linden Lab. I would not put much value into an estate covenant allowing for resale for this very reason. If you find a reliable estate owner there are other reasons to purchase a parcel on estate land such as additional and often faster response to problems by management than Linden Lab, enforcement of land covenants to avoid the drama that one gets with neighbors on mainland, and no number of avatar restrictions except those imposed by land covenants, but I would not take resale covenants into consideration if purchasing estate parcels. It is money that you should consider as a permanent loss and if you manage to sell, a pleasant surprise. Likewise keep in mind that if you purchase mainland the plus side is resale, and more reliability in uninterrupted ownership while the downside is the absence of the above mentioned features of owning an estate parcel. Also, there are estate owners that sell parcels for a low price because they are simply looking to cover overhead and perhaps a small margin of profit on monthly rent.

I hate to tell you this, but I just sold a piece of land that I paid 52,000L for....for 25k.

And before that, a piece that I paid 45L for...I got 20k for.

The market just sucks right now. I am now leasing a full sim and could not be happier.