Owning land is pretty easy – it rarely takes a lot of effort. But when you decide to cash out, finding the right buyer can be a different story. If you own an empty lot and are wondering, “how do i sell my land to a developer?” you aren’t alone. At Buying Jacksonville Homes, we get asked this all the time, so we put together this quick guide to give you the exact answers you need.
First, it’s important to know what developers are looking for
A developer’s main goal is to build on a property and flip it for a profit. Because of this, they heavily prioritize land located near existing city infrastructure and public services.
They will look for close proximity to city water lines, public sewer networks, electrical grids, and paved roads. Connecting a brand-new subdivision to far-away utilities costs a fortune, so the closer your land is to these access points, the better. If your land doesn’t have utilities yet, don’t worry—developers will just want to know how far away the nearest connections are.
Second, you may want to bypass the real estate agent
Your default instinct might be to call a standard real estate agent, but that could stall your progress. The vast majority of local retail agents spend their entire careers helping people buy standard residential houses to live in. They rarely have the corporate connections or the specialized marketing background needed to flip raw land to commercial builders.
If you are asking yourself, “how do i sell my land to a developer?” you usually have to hunt down a specialized commercial broker.
Third, be aware of zoning when wondering “how do i sell my land to a developer”
Zoning laws dictate exactly what can and cannot be built on a specific piece of dirt. Because corporate builders want to construct new developments—which often involves subdividing a larger parcel or building multi-family units—they are incredibly strict about checking local zoning maps.
While property zoning can technically be changed, navigating the city council approval process adds massive delays, legal fees, and risk to their project. Because of this, developers want you to be completely transparent up-front about how the land is currently zoned. Keeping this in mind is essential when figuring out how do i sell my land to a developer.
Fourth, be aware of the path of new construction
Tracking regional construction can be tough for landowners, but if you want to know how do i sell my land to a developer in Jacksonville, Florida, this is a massive factor. Builders are always trying to predict where the local population is moving next.
If your land sits outside the current city limits, a developer will want to know if new housing developments and roads are actively expanding out in your direction. If your lot sits directly in this “path of progress,” its value increases dramatically. You don’t have to have all of these growth maps finalized yourself, but knowing the general direction of local construction is a huge selling point.
Ready to Sell Your Land Without the Corporate Headaches?
Selling raw land can be challenging because land buyers have a completely different mindset than traditional homebuyers. If you have been searching for guidance on how do i sell my land to a developer, utilizing these four essential tips will put you on the right track.
However, if you want to completely avoid the long wait times, corporate red tape, and intense zoning evaluations that come with dealing with massive building companies, there is an easier path. You can bypass the entire complex process right now.
Give Buying Jacksonville Homes a call today at (904) 472-4914 or visit our website to see how we can make you a direct, hassle-free, all-cash offer for your land today!