How to Buy a Vacant Lot

To Vicky and Mickey Popat, it seemed as if everyone in Orlando, Fla., wanted to buy a house last spring. “The market here was so skimpy that any time a decent property got listed, it would receive multiple offers right away and get snatched up,” said Ms. Popat, 39.

Much has been written about the extremely tight sales market for existing homes across the country, but there is a relatively unheralded segment of the market that has been experiencing a boom during the pandemic, and that is the market for vacant lots.

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