Owning land is pretty easy – it rarely takes a lot of effort. But when you want to sell, that can be a different story. Do you own landing and are wondering, “How do I sell my Georgia land to a developer”? At Cox Property Group, we’re often asked that question so we wrote this blog post to answer it for you…
First, it’s important to know what developers are looking for
A developer with grand aspirations envisions the opportunity to acquire a piece of land and transform it into a lucrative investment by eventually selling it. To realize this dream, they naturally seek out properties in proximity to essential infrastructure and services. These vital components, including water, sewer, electricity, and road networks, are the lifeblood of any development project. They serve as the foundation upon which the developer can build their vision, ensuring the seamless integration of amenities and accessibility for future residents or customers.
While the presence of these services is undoubtedly a priority, it’s worth noting that developers may still consider undeveloped land if it lacks immediate servicing. In such cases, the distance to these indispensable utilities becomes a crucial factor. Developers need to gauge how far they would need to extend these services to reach their project, both in terms of feasibility and cost-effectiveness.
Additionally, staying informed about the city’s ongoing efforts to enhance and expand these services is paramount for any forward-thinking developer. Knowledge of whether the municipality is actively working to improve these utilities can greatly influence their decision-making process, ultimately shaping the success of their property development endeavor.
Second, you may want to bypass the real estate agent
A lot of real estate agents tend to work with residential homeowners who are looking to buy a house to live in. If you’re wondering “How do I sell my land to a developer?” you may need to find someone who specializes in selling land to commercial businesses. (Alternatively, you might consider getting in touch with us to buy your land from you – we’re not developers but we do buy land).
Third, be aware of zoning when wondering “How Do I Sell My Land To A Developer?”
Developers will be looking to build, which may include potentially subdividing and doing additional work on the land. They’ll want to know how your property is zoned so they can assess the development potential. Of course zoning can often be changed but zoning changes will just add to their timeline and workflow so it’s helpful for developers to know up-front how the land is zoned.
Fourth, be aware of the path of new construction
This one is harder for land owners to know but if you’re wondering, “How do I sell my Georgia land to a developer?” this will be an important consideration that the developer is thinking about: If your land is not inside a city then a developer will probably want to know if the city is growing in the direction of your land. (Even if the city is not growing toward your land, that’s okay but developers will want to know). You don’t have to know this answer yourself but if you do, that will be helpful to developers.
Selling vacant land can be challenging because it’s a very different kind of buyer. But if you’re wondering, how do i sell my land to a developer, then these 4 tips will help you.