“Were looking at a home on over a quarter acre, most of it is on a hillside and unusable. The agent were working with keeps telling us that the huge lot means the property is worth more. Is it?”
***ANSWER:
If the large lot means you have greater privacy, a view, the ability to build something bigger that is appropriate for the area, etc., that can indeed add value.
But unusable sloped land in itself only inflates an owners ego, not the propertys value. In fact, it can sometimes be a small negative if you have more to land to maintain and clear to avoid fire hazard.
I think your agent doesnt know what hes doing or he has what I call commission breath hes saying whatever he thinks will help make a sale.
