Owning land is pretty easy – it rarely takes a lot of effort, especially if you’re not using it. But when you want to sell, that can be a different story. If you’ve decided to sell your land, it’s best to prepare yourself for a process that could take a while. Unlike selling a property, there aren’t many buyers looking to buy land at a top-dollar price.
Do you own land in Michigan and are wondering, “How do I sell my Michigan land to a developer”? At NateBuysLand, 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 property that is close to infrastructure and services (like water, sewer, power, and roads).
Our tip? Highlight the location’s great features, as well as its potential for development.
After all, they’ll need to connect these services to their development and they’ll want people to get to their development!
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.
Additionally, offering incentives like a flexible down payment or seller financing can attract more buyers.
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.
You’ll need someone who is comfortable selling raw land to large businesses and investors.
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.
(If you’re interested in selling your Michigan land quickly and easily, feel free to get in touch with NateBuysLand – we’re happy to take a look!)
(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.
Knowing the unique zoning requirements in your area is a critical piece of information for any developer, and it can also give you the perfect opportunity to market your land for maximum value. They’ll want to know how your property is zoned so they can anticipate the work required to build.
Be sure to do your research and have the property’s zoning and permitted development uses clearly outlined.
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.
If a developer has the potential to build a large, master-planned community in your area and sees that your land is properly zoned for that use – that could net you a significant sum for your land.
Fourth, be aware of the path of new construction
This one is harder for land owners to know but if you’re wondering, “How do I sell my Michigan 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.
Naturally, the value of this information will vary depending on how large your land holdings are or what future development plans have been announced for your region. (Even if the city is not growing toward your land, that’s okay but developers will want to know).
You can figure this out by checking the master plan for the area or simply searching online for city planning information. You don’t have to know this answer yourself but if you do, that will be helpful to developers. Once you’ve established the direction of the city’s growth, you’ll have a better understanding of your land’s value to developers and investors.
Selling raw land can be challenging because it’s a very different kind of buyer. It’s important to understand that most developers are not interested in buying up single properties or parcels of land.
But if you’re wondering, how do I sell my land to a developer, then these 4 tips will help you.By keeping these tips in mind, your journey to selling your land to a developer will be a smooth process.
Get in touch with NateBuysLand today for more information.
Click here to get started and request a no-obligation offer on your property today!
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At NateBuysLand, we’re always interested in working with sellers and we’re ready to leverage our experience as developers and land investors to help you get the best possible deal on your land. Give us a call at (269) 222-7711
