When a landowner or prospective buyer decides they want to sell or develop a parcel of land, they may want to consider working with a professional services firm with experience in land planning. This can help prevent surprises or hidden costs down the road.
Was the land inherited and the new owner wants to turn it into a profitable venture? Is the parcel being eyed by a land developer interested in constructing a subdivision? Does the owner want to sell the property outright? Is a prospective buyer wondering what kind of business they can build on the land? There are several questions to ask relating to land use, access to water, sewer and utilities.
Still, other considerations like floodplain proximity, geohazard and drainage concerns need to be taken into account.
For example, many government jurisdictions require developers to provide proof of adequate water, sewer, and access. Here we outline some of the considerations and questions to take into account when purchasing or selling a property.
Deciding on acquiring or selling a parcel of land is just the beginning of an often complicated process. Here we’ve outlined some of the considerations to take into account. Of course, each property is different and the items to consider are as varied as each piece of land. A professional services firm can help raise the important questions, seek answers and provide the best way forward on a potential project.
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Considerations for Purchasing or Selling a Property
Mike Russell is a regional planning and development leader dedicated to helping real estate professionals and landowners answer questions they have as well as the ones they don’t have – and move forward with the most sensible option. Contact Mike