Jaren Barnes, is valuation in a non-disclosure state part of what working with local, land specialized agents offers you, or do you have other work arounds you would suggest?
I know land investors work very successfully in these markets. The ones I've heard from directly, though, are based in those markets, and that local market knowledge seems to help in their cases. I'm sure there are other work arounds, though, that a non-local investor could apply and would love to learn more about them.
For instance, when most sales don't land on Zillow/Redfin/etc., do you rely on comparison to current active/unsold listings, and apply some assumed discount off of those prices? Perhaps adjusting that discount depending on the "Days on Market" of the current listings - like if a listing has been active and unsold for 400 days, you know there's either something wrong with their property or they're asking way too much (or both)?