Buy and Sell Vacant Land Selling vacant land is both different from and similar to selling improved properties. Many of the steps and procedures are the same. In both instances, you need to be able to clearly describe what you're selling and what its benefits are, find buyers and market the property to them. The details are different with land, though. The property itself has more variables since its use isn't already pre-defined by the building that sits on it. The buying pool for land is also frequently limited relative to improved properties.
Survey Your Land In advertising your own area, you have got to be capable of plainly explain its border in addition to just about any limits that may impression the actual bidder's chance to build on there. The review will likely point out the place regarding ammenities in addition to regarding accesses for you to interstates. This surveyor can also point out the place of one's border, or spot the earth to make these crystal clear in addition to make a actual counsel on the composed review of which she is going to give you.
Contact The County's Zoning Department Contact the county's planning and zoning department to request a plat map. Such a map will contain the following information: easements, lot dimensions, setbacks and building area. Discover what the zoning is for your property, as it may be zoned for commercial, residential, multifamily or agricultural use. While your land probably already has a zoning code, some communities are open to changing zoning and, if that's the case, it's good to know before you start marketing the property.
Conduct Any Needed Testing For example, if you're going to be selling the land as a potential residential development and it doesn't have a connection to municipal water and sewer systems, you'll need to know if a well can be drilled or if it can support a septic system. While you can put it on the market and hope everything works out, it's best to know what you're dealing with before you end up with a surprise.
Price The Property Take into consideration the level of the vacant land. If it will require a significant amount of grading or retaining walls, it will not be worth as much as if it were level. If you are hiring a real estate professional to market your lot, he can help price the property. You will need to compare the land to the prices of comparable land sold in the same area during the previous six months.
Call The Owners Of Adjacent Properties Frequently, the most likely buyer is someone that owns a nearby property and wants to add to his holdings. If your neighbors aren't interested in buying the land, they may know someone who might be.