Right now, you may be sitting on a pretty valuable piece of land. You may have had it for years and now it’s time to move on. You may have bought it years ago with the idea of making a profit in mind. You might have even stumbled across it one day and ended up with it in your possession. Well, if it’s time to sell up and start a new chapter, then you’ll probably want to sell to a developer who will give you what you want and use the land for positive, productive means.
If you’re hoping to sell your land to a developer, then you’ll need to know a few things. Hopefully, this article can outline a few points for you. So, without further ado, let us begin:
First, You Need To Know If Your Land Is Developable
You may have land that you can sell to another, but it may not be the kind that can be developed significantly. You’ll need to initially figure out if the land is developable. How would you know if your land is developable? Well, for starters, you may already have an idea in your head. If you have a field that is already part of something like a National Park, then the chances are that it will not be the kind of land that is able to be worked on. If you own a random piece of land in the middle of a village or town, then developing it will likely benefit the area – this means it will probably be seen as developable. You can speak to professionals such as planning consultants, and they’ll be able to give you an indication and help you to proceed.
Understand The Kind Of Buyer Who Will Be Interested
Those who buy land will typically be different from those who buy, say, houses. The kind of land your selling will determine the kind of buyer, their goals, and their circumstances. Some will look for land to build houses on and some will hope to use the land for commercial reasons. Some may even want to begin farming. If you have an idea in your head of the potential, then it will make finding the right buyer a lot easier as you’ll be able to target a particular group.
Locate The Perfect Advisers For Your Land
Doing things on your own in order to avoid fees will not exactly go as planned most of the time. The idea of avoiding agents, etc. sounds good, but the work can be tedious and difficult. It’s right that you should find the right advisers, solicitors, accounts, and many other professionals when looking to sell land to a developer. It can be quite an unforgiving business if you don’t get the fine details right, so make sure you recruit all the individuals you need.
Look For Genuine Tax Advice, Too
This is another extremely important aspect as the tax side of things will be looked into pretty significantly. You will need professional backing in order to get over the line properly. Many buyers and developers will want to know that the seller has solicited professional tax assistance and advice before heading into any kind of business.
Sort Out The Fundamentals
The basic information needs to be handled before you can even entertain the idea of opening up to bidders. Think about the titles, the documents, the rights of access, boundary problems, and many other formalities. Developers look for these kinds of things when scouring new opportunities. They will not pursue you if you haven’t handled the fundamentals.
How You Can Actively Look For The Right Buyers Efficiently
We’ve touched on the kinds of individuals and services that might be able to help you out with this entire process. When it comes to actually seeking out buyers, there is a multitude of ways of going about it. Here are a few examples:
Seek Out Property Development Companies In Your Area
Online, you’ll be able to browse both your local area and nationwide for the right kind of developers. A little research can go a long way in this regard as you can easily get in touch and begin a dialogue. You’ll also be able to promote yourself on a wide variety of platforms.
Simply asking colleagues (or even friends) that may know someone who is willing to take a look can go a long way in your pursuit of a buyer.
Hire An Agent
We’ve reiterated the idea of bringing in professional, experienced help, and we’ll continue to do so because it’s the right thing to do. You may feel as though you can do a lot of the legwork, but an agent will have the experience, contacts, and know-how in order to get you the result you want.