Land is a finite resource, and no matter how housing prices fluctuate, we can expect land prices to continue rising. Whether you're buying land to build on or selling large tracts for clients, it’s crucial to understand the complexities involved in identifying, negotiating, and performing due diligence.
Having the right connections, knowing the steps to take, and understanding the different financing options are key to setting yourself up for success. Here are some of the most important factors we guide our clients through when considering purchasing land:
- Financing requirements differ from a traditional home sale.
- Public sewer or septic system?
- Well or county/city water?
- Will you need preliminary soil testing or a level 3 assessment?
- Due diligence timeline
- Are utilities available? If not, what’s the cost to run them?
- Zoning: Res1, Res2, Res3, A1, MPD, CBD, M1—what do these classifications mean for you and your plans?
- Building requirements in neighborhoods
- Existing surveys: Do you need a new one, and what does the survey mean for your plans?
Contact us today to discuss your next steps.
