The less expensive the tract, the less they think you should charge
A prime example of such thinking came up a few days ago. The numbers are fictitious but you'll get the idea.
A fellow calls me to see about doing a survey for a four-sided tract that is to follow three existing fences and one section line. The tract is around 12 acres, he thinks. His mother-in-law has quite a bit of land and is now around 80. She offers to sell up to 15 acres to each of her several children and they get to pick the location. Say the land is worth $2500 per acre. She will let them buy it for $500 per acre. The fellow wants a fixed price right now. So I say $1200. He thinks that is outrageous and can't believe anyone would want to charge so much when he's only paying about $6000 for the land. The land is going to cost him 20 percent more than he thought just because some surveyor needs to buy fuel for his yacht.
The land is going to cost him 20 percent more than he thought just because some surveyor needs to buy fuel for his yacht.
Please post picture of your yacht.
The fellow wants a fixed price right now. So I say $1200.
I got a call from a guy that just wanted 1 line "surveyed" and that it is only about 100' long. When I told him it would be $2,600, he told me that in Illinois; that would be highway robber!
He never called me back...
So, let's get this straight. You bought an old car, for 100$. And, can't figure out why fixing the body work will cost $3500.
Many years ago I did a survey for a fellow that purchased a large metes and bounds tract inside a city limit at a tax sale for the grand price of $10. He immediately listed most of it for sale with a real estate office. They had a fixed minimum fee. He wanted to keep part of it, so needed a survey. My expense and the real estate sales expense plus $10 purchase added up to a fair amount more than the listing price of the part he wanted to sell off. He was happy. He still had what he wanted for an inexpensive price. Most people would have either kept the whole tract or would have had a higher asking price on the part for sale. He was the exception to the rule. He was not concerned about losing a little money so long as he ended up with what he wanted.