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 land and are wondering, “How do I sell my Washington land to a developer”? At Kind House Buyers, 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 wants to be able to build on the property and sell it, so they’re probably looking for a property that is close to infrastructure and services (like water, sewer, power, and roads). After all, they’ll need to connect these services to their development and they’ll want people to get to their development!
The price point is also an important factor when deciding how you are going to sell your land. It’s not as simple as ordering an appraiser to head out there for an hour. If you own a property that is an acre or larger, you will need to crunch some numbers. How do you figure out how much an acre of land costs? It’s advised that you contact a professional who has worked with large properties like yours before. That is a good start to selling your land.
It’s okay if the land isn’t serviced but developers will probably want to know how far away the services are and whether those services are being actively worked on by the city.
Second, work with a professional that makes sense for your situation.
If you work with an agent on a large plot of land, make sure that they specialize in that. 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 anticipate the work required to build. 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 landowners to know but if you’re wondering, “How do I sell my Washington 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 raw 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.