Owning land is pretty easy – it rarely takes a lot of effort. But when you want to sell, that can be a totally different story. Do you own landing and are wondering, “How do I sell my land to a developer in TX”? At Madison Lea Homes, we’re often asked that question, and we’ve decided to talk about it here.
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 property that is close to infrastructure like shopping developments, schools, highways and road systems, and they’re also looking for land with available utility services (like water, sewer, and power). After all, they’ll need to connect these services to their new development, and they’ll want people to get to their new house by way of a road or highway!
It’s okay if the land isn’t serviced but it’s important for developers to know how far away the services are located and whether or not those services are being actively worked on by the city. Is there any expansion planned for the utilities in the near future?
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’ve got land to sell, you might want to talk with an agent that specializes in selling land to commercial businesses. That’s an entirely different ballgame than an agent who sells residential houses. If your house could be zoned as commercial property, then you’ll want to work with someone who knows how to target commercial businesses. (Alternatively, you might consider getting in touch with us to buy your land from you – we’re developers and we 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 what your property is currently zoned so they can anticipate the work required to build. Of course zoning can often be changed but zoning changes can take a long time and 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 many land owners are unaware of but if you’re wondering, “How do I sell my land to a developer in TX?” this is something that the developer will be thinking about: If your land is not inside a city then any developer will want to know if the city is growing in the direction of your land. Are there any new planned developments coming to the area? (Even if the city is not growing toward your land, that’s okay but developers will still want to know). You don’t have to know this answer yourself because the developer can do some homework, but if you do know, that information will be helpful to share with any developer interested in your land.
Selling raw land can be challenging because you’re going to be selling it to a very different kind of buyer than your standard house buyer. The land buyer will be considering zoning, is the land good land for building on, are there utilities nearby, is there good access to the land by way of a road or highway, is the land a funky shape conducive to building on, etc. etc. So if you’re wondering, how do i sell my land to a developer, then these 4 tips should help you, and if you’re ready to get an offer on your land, Madison Lea Homes would love to learn more about your land.