Land is a relatively simple asset. Owners do not need to develop their land to sell their investment for a profit. But when you want to sell land to a developer, you may require a vast range of knowledge and skills in order to increase the value of your land. Do you own land and are wondering, “How do I sell my Kansas land to a developer”? At Sell Now Homes Wichita, we often assist land owners with their questions when selling to a developer. We wrote this blog post to help you answer your questions for how to sell your land to a developer…
First, it’s important to know what developers are looking for
A developer wants to build on the property and sell their development on the market. Developers frequently need infrastructure and services (like water, sewage, power, and even roads) near that land to give their property purpose. Very few people desire property that lack basic amenities like access to roads, power, sewage, and water.
You may find some developers that are willing to buy land that isn’t serviced. But those who do will want to know how they can get access to those amenities. In addition, they will want to know how far away these services are and whether any local government is actively maintaining and improving those services.
Second, you may want to bypass the real estate agent
Many real estate agents prefer to work with potential residential homeowners who are looking to buy a house to call their own. If you’re wondering “How do I sell my land to a developer?” you may need to find a specialist who sells land to commercial businesses instead. (Alternatively, you should consider contacting us to buy your land – we buy land even though we are not developers).
Third, be aware of zoning when wondering “How Do I Sell My Land To A Developer?”
Developers desire to build on land. Before they develop land they may need to do subdividing and additional work on the land. The work they want to do could be restricted by zoning laws. These developers will want to know the zoning laws that affect their land’s use so they can properly plan the work required for their development. Governments can and do rewrite and re-develop zoning laws frequently. These zoning changes will just add to their timeline and workflow, therefore, it’s helpful for developers to know up-front how the land is zoned during their development.
Fourth, be aware of the path of new construction
It is difficult for land owners to know what city governments intend in the future, but if you’re wondering, “How do I sell my Kansas land to a developer?” you should know if neighboring cities may want to expand their boundaries towards your land. If your land is not inside a city then a developer will want to know if the city is growing in the direction of your land. The developer’s intentions and the city’s may conflict with each other. You don’t need to know the answer to whether a city is expanding towards your land, but that knowledge will be helpful to developers and improve the sale of your land.
Selling raw land can be challenging. After all, you are trying to sell to a very specific type of buyer. But if you’re wondering, “how do I sell my land to a developer?” then these tips will help.