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Selling Land: The Owner's Guide



Selling Land: The Owner's Guide

by Nancy Chadwick

Perhaps the only real estate development handbook available that explains how to market land for sale by owner. People thinking about selling vacant land for residential development tend to go about the process in the same way. They pull a price out of thin air, slap it on the vacant land or parcel, and just throw it onto the market. Then they cross their fingers and wait. And wait and wait. Unfortunately, most of them wait months or years only to discover that they can’t find a developer or builder to buy their land. Regardless of how many times they change their asking price or withdraw the property and then put it back on the market, the bottom line remains the same: they can’t sell their real estate for development.

Selling Land: The Owner’s Guide will teach you how to become successful in selling your real estate for development. It frames issues so that you will be better able to decide if you want to sell your building lots or land for development. This book helps you to answer questions, such as:

How much can I get for the land parcel?
What will my expenses be?
How long will it take to get an acceptable offer?
How much risk is there?

This land development handbook walks you through the entire process of selling land and helps you to:

  • Determine if your land is suitable for development

  • Decide if you should subdivide the vacant land parcel into building lots before putting it on the market

  • Find the right real estate attorney (and real estate broker if you decide you want to use one)

  • Estimate the market value of the building lots or land for development

  • Set a fair and realistic asking price

  • Assemble effective marketing materials

  • Identify potential buyers and successfully market your real estate for development to them

  • Understand how real estate developers and builders analyze potential deals for land development

  • Evaluate the offers and the land buyers who submit them

  • Get to closing and collect your money

The author draws on her 20+ years of experience in brokering real estate for residential development. She gives you a unique insider’s look at the business of selling land and shows you how to avoid the traps that too many land for sale by owners fall into and never climb out of. So be a successful land seller – not a frustrated fisherman! If you’re thinking about selling land or if your real estate for development is collecting dust on the market, you need Selling Land: The Owner’s Guide. It’s the bible on selling residential land for development.

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