I have the option to present an offer for vacant land next door the home I currently own. I really want the property but have no idea what it's worth and don't want to offer too much or too little. It's For Sale By Owner and he is probably 3 weeks away from getting an appraisal done on the property. He said he would share the appraisal with me when it's done but also said I could make an offer before that if I wanted. The land is within village limits and has access to village water, but would require private septic (same as my property). I don't want to build on it, just have it for open space. I found out it was assessed at $3200 but the value is probably more than that (assessment was 8 years ago). I have never bought vacant land before so have no idea if I should just make a verbal offer and then follow up with a contract if he accepts or if I should call a real estate agent and then hire an attorney to guide me through closing. To complicate things further, I'm a few days away from getting my real estate salesperson license and I believe I'm obligated to share that information with the seller in the interest of disclosure. Can I just tell him or should I have him sign something. Since I have no experience in the field, the license won't help me do the deal myself but I know I need to make sure he's ok with it. What is the best way to proceed? Is there anyway to find out what it's worth before seeing the appraisal?