The Process of Selling Your Land

Unfortunately, selling raw land is not like selling stock. Neither hunting grounds nor a riverfront ranch can be unloaded from your portfolio with the hurried click of a desktop mouse. In fact, the time that it takes to decide that you’re going to sell your raw land, plus the time it takes to conclude a sale can usually be measured in weeks, months, or even a year’s time. That’s because selling anything that you own, have inherited, or have invested in can be an intimidating process. Especially, if you’re having a hard time letting go and, too, if don’t know where to start or what to expect in the end. In order to help yourself through the process, ask yourself a couple of simple questions.


Why Am I Selling?

Take a good honest look at your reason(s) for selling your raw land. Is it costing you too much in property tax expense? Is it located too far away from where your life is established? Are you unable to develop it and hope to make a profit to cover current or future bills? Keep in mind that your answer as to why you’re selling your property may be different from someone else’s; however, it’s just as important as everyone else’s. If it’s important to you, no answer is too silly.

Do I Need Help?

Though there are plenty of real estate novices in the world, there is equally enough help for the person who wants to sell just about any type of property. Help, that is, for those who have yet to learn what the MLS is to the savvy go-getter’s who, somehow, can overachieve anything; even, the selling of land. But whatever your case, there is always something to learn.

One of the best teachers on all things pertaining to raw land sales would be a land investor. A land investor is skilled and knowledgeable when it comes to changing land laws, land title exchanges, the assessment of raw parcels, and the negotiation and finalization of land sales.

Some land investors, like Lucas Properties, LLC, are even distressed property solution experts. They are not only masters in normal land sale situations; they are, also, accustomed to helping meet the sales needs of land owners who are under financial pressure or strain.

Be Encouraged

Overall, the process of selling your raw land can be one that you enjoy. With anything, it just takes a willingness to learn about your options and the patience to see it through. If you’d like to be contacted about the possibility of selling your land to a land investor, submit the informational form under the WE BUY LAND tab.

Developing Raw Land

Developing raw land requires that much attention be given to the legalities of constructing your commercial or residential building. For starters, you have to be sure to have the permit(s) necessary to build; and double checking on behalf of your contractor is always in your best interest. And you may not be the pro builder but you need to know exactly where your property lines are, and the details of where utility lines will run through. Additionally, you’ll need a road with functional access to your building that passes all legal regulations. With all of these things in place, you’re able to get started with constructing your habitable property. Here are some basic, fundamental guidelines to follow before the foundation is laid for your building:

Choose an architectural plan that best fits your site. It’s not feasible or functional to build a large or wide building on a narrow lot. Just as it isn’t reasonable to build an elevated beach home, for example, on a flat rural parcel that is hundreds of miles away from the nearest beach. Be sure to know the measurements of your land when searching for or designing an architectural plan that fits your needs. And, too, try to match the style and functionality of your plan to that of the neighborhood.
Have your plans approved for building by the local government. In the past, vastly different buildings and homes in the same neighborhood were more widely accepted. However, these days, most local governments lean more favorably towards conventionally styled structures that can easily blend in with the existing neighborhood. Take a good drive around the neighborhood in which you’re building and get a feel for what plans would or would not be a good fit.
Clear the land of debris, trees, and vegetation. If you’ve a flat lot with little or no trees, then this job will be easier. However, if you’ve large trees and plenty of debris, you must be prepared to pay the cost of tearing down, picking up, and hauling away the unwanted excess.
Have the power, water, and sewerage components installed on the land. Consulting often with your builder or contractor is important. The layout of your land and the layout of your plan will determine exactly how power, water, and sewerage will function with your building. Also, consult with the city in which you’re building what the procedure is for having these installed according to government guidelines.
Recently, there has been a rise in the number of raw land owners (who initially bought and intended to develop their land) that have lost the potential to execute their development plans. Those land owners have used the assistance of private land investors to sell their land fast for cash and at a reasonable percentage of the fair market value; and, also, to address their raw land issues with an expert. If you need information concerning raw land sales or have questions about land development, contact Lucas Properties LLC for the answers to your questions.