# What is the Smart Pricing Engine?

Source: https://www.landxchange.com/faq/what-is-smart-pricing
Publisher: LandXchange (landxchange.com)
Coverage: vacant land in South Carolina

Smart Pricing turns county comp data + your parcel's specifics into three actionable price tiers in under five seconds. It is informational, not an appraisal.

## How does Smart Pricing work?

We pull recent comparable land sales for the parcel's county (last 12-24 months), filter by acreage band (e.g. 1-5 acre lots compared against 1-5 acre comps), compute median price per acre, then adjust for parcel-specific factors: paved vs dirt road access, electric on-site vs at-road, flood-zone designation, mineral rights, easements, and timber value.

## What do the three tiers mean?

Cash-fast: roughly 70-80% of market, what an investor would pay today for a 7-14 day close. Market: 95-105% of comp median, the price most owner-occupant buyers will offer. Owner-finance: 110-130% of market, reflecting the buyer paying a premium for seller-carried financing.

## Is Smart Pricing the same as an appraisal?

No. Smart Pricing is informational, useful for setting your asking price and understanding market conditions, but not a substitute for a licensed appraisal. Banks and 1031 exchanges require formal appraisals; we do not provide those.

## Why does my Smart Price differ from Zillow or LandWatch?

Zillow does not value vacant land well, its algorithms are calibrated for homes with comparable square-footage data. LandWatch shows asking prices on competing listings, which often differ from actual sale prices. Smart Pricing uses recorded sale data, not asking-price data.

---

LandXchange is a marketplace technology platform, not a real estate broker, law firm, or appraiser. Information here is general, for specific transactions, work with a licensed professional.