Land Prices-different $ /same Type Land

I would like to know why would one person be selling land for approx L$1 w/right to sell later or lease & the other person wants more like L$90000 same rights- for basically the same size property & also pretty much the same residential. I know sometimes with low price you are not able to sell if you want -will say buying, but really a lease since you can't sell-both sayyou can. What am I missing? All I can think of is location, but what else?

greed or they wait for fools

The only thing is I see alot at the higher prices Prices I am stating are not "real"- just approximate extremes

You don't specify if one is estate and the other mainland or both estate or both mainland.

First, mainland prices are generally higher than estate prices. This reflects the premium placed on a) no rules and b) no middle man with regards to tier and c) the inability of an unscrupulous estate owner to simply boot you from your property and sell off the estate or claim covenant violation or whatever. Some reasonable security that your land will still be yours tomorrow as long as you aren't being ar'd successfully to the lindens and you keep your tier bill paid. The downside to mainland, of course, is the whole no rules thing because your neighbors could be nice today and an ad farm, club, casino, camping hell or whatever tomorrow. Tier is paid directly to the Lindens based on the land usage fees listed on the website.

Estate land usually comes at you one of two ways: straight out rental with no up front purchase price or with a buy price plus tier.

In doing some very recent research, many of the very low prices listed in land sales state that the fee is a 'reservation price' and there is an additional up front price plus ongoing tier. Others plainly list what the buy in price is and then disclose the ongoing tier fees. While others are truly rental and the price listed in the land sales search is equivalent to the first week or month's tier fees.

I run my estates with an up-front buy in price. I feel it makes for a resident who has considered his or her options carefully about where they want to live or place their business. My covenant is not a 'no refunds ever' covenant. I allow my residents to resell their lots and when it is appropriate, say when someone fails to read the covenant and wants to put in a nightclub and that's not allowed, I refund their money and send them on their way.

I charge less up front than the going mainland rate and have tried to keep my tier competitive despite the now higher tier costs to me than would be the case if I purchased a mainland sim and rented it out, though the tier is higher a bit than stock Linden rates as listed on the website (I do not add in the 9.95 per month premium when saying that and probably should, in which case I'm lower).

My assumption is that those doing straight rentals are charging more per month in tier than I am, as I figured I would have to raise tier by 25% in order to make it economically practical for me to charge no buy in. I also assume that rentals would turn over faster with less commitment to the land.

Anyway, the short of it is, there are extremes shown in land sale searches that may have no bearing on the reality of what the estate owner is really charging at the low end, and the highest end of estate land are owners getting back as much of their initial purchase price into the sim as they can right away so they can afford to buy into the next one. Some may be asking even more per m2 than is necessary to cover their initial buy in, but I haven't researched that end of things.

If you have any more questions, don't hesitate to contact me in world.

Char

wouldn't the price be different as well if there are double prims on the land?

One thought on differnt prices of estate land, on the initial sale of land on my sims, I need to get a certain amount of L$ for "Fresh Land" usually about 6.40L$ per sq meter. From time to time though land is repossessed due to nonpayment of tier fees, so in that event I sell the reclaimed land for the months tier fees and no more, that way the late paying owner can still make good and have no repercussions, but the land gets bought fast Bringing the price down to about 2L$ per meter

For some reason, people have a hard time grasping the idea that not all land in SL is equal. While some land should certainly be traded at market-bottom prices, other land is more desired and prices can reflect this.

For any land, people are willing to pay more for such things as attractiveness, size/tier requirements, extra prims, proximity to certain other builds, etc. For estates in particular, people are willing to pay more for land in an estate owned by someone with a proven track record or land with a desirable covenant. The estate owner can realize that added value either by charging more in tier or by an up-front purchase price. Some people prefer buying estate land where they have the possibility of making a profit when they sell.

one your reserving, the other your buying

It all depends on the covenant (if estate) and how quickly the owner wants to sell. Some of the people in the Kush estate are asking 500k for their 4096s Wishful thinking maybe. Maybe they don't want to sell for anything less. I've listed some of my mainland in Da Boom (the first SL sim) for 200L/sqm. Do I think I'll sell it all at that price by tomorrow?? NO WAY! But it's worth a lot to me, and I wouldn't part with it for much less. Most people will part with anything, even their most prized possessions, if the price is right.

I have some double prim DreamLand lots.
The way it works there is the price for the land is reasonable but you pay twice the tier for the size of land.
1024m/468prim = $12/month (actually $3 cheaper than Linden land in this case)
The bonus in this area is there's a lot of protected land around.
In one sim I'm in, mine is one of 4 properties.