Owning land is pretty easy – it rarely takes a lot of effort. But when you want to sell, this can become a completely different story.
Selling any type of real estate property is usually never an easy task in Saint Paul MN, especially if you choose to sell with a real estate agent. However, if you’re looking for a sale option that won’t have you jumping through a million legal hoops and waiting for months before your deal finally closes, you should sell directly to our company, FastPath Home Buyers. Here at FastPath, We buy raw land and vacant properties (as well as houses of all kinds) in Saint Paul MN, and throughout the greater state of Minnesota. Our company specializes in purchasing land fast, so you won’t have to worry about 3-6 month long waiting periods or an unknown closing date. With us, your guaranteed a quick and easy sale experience at the Highest Possible All Cash Price! So contact us Today by Filling Out a Form On this Page, or calling (612) 351-2384 for a free all Cash Offer. That easy 😉
If you currently own land, you may be wondering, “How do I sell my MN MN land to a developer”? At FastPath Home Buyers, we’re often asked this. So, here is your answer…
First: it’s important to know what developers are looking for
A developer wants to be able to build on the land you sell them, then sell their new property for a profit. As such, they will probably be looking for properties that are close to residential infrastructure and services (such as good water systems, sewers, power lines, shopping malls and schools). After all, they’ll need to connect all of these services to their new development. As such, you may see that your land’s location or neighborhood may have quite a significant impact on the sale price.
In the event that your land isn’t serviced, it’s advisable to find out how far away these services may be and whether they are being actively built or maintained by the city. If a new junior school is being built somewhere near your raw property, this could give you more leverage that can be helpful on the bargaining table.
Second: you may want to bypass hiring a real estate agent
Working with a real estate agent to sell your raw land in Saint Paul MN may not always be a good idea. This is mainly because a lot of real estate agents tend to work with residential homeowners who are looking to buy fully functional houses to live in. As such, If you’re trying to sell your land to a developer, you may need to find someone who specializes in selling land to commercial businesses. (Alternatively, why not consider getting in touch with us. We are ready and prepared to buy your land from you– we’re not developers but we do buy land).
Third: be aware of your lands zoning rights
As we established above, most developers that you sell to will be looking to build. This may include potentially subdividing your land. For this work, however, they’ll typically want to know how your property is zoned. This will help them anticipate the work load required to build.
As such, it is important to have all of your property’s most recent zoning schematics on hand. Though it is possible for zoning layouts to be changed, this will add to your developers timeline and inhibit their workflow. So, if your looking to sell your land fast, it’s helpful for developers to know up-front how your land is zoned.
Fourth: be aware of the path of new construction
This last tip is usually a bit harder to research on. However, it could help you find a developer whose willing to pay top dollar. Before you begin your search for a developer, you should do a little more research on your land, and its surrounding areas. In this research, focus on recent developments within your lands area, or any new projects that may have popped up. If your land is not inside a city, find out if the city is growing in the general direction of your land, or if there are any new complexes that are being constructed close to your property. If you discover a company that is building complexes near your property, this could give you access to a potential developer. Such developers will usually be ready to buy your land and pay top dollar because they will already have an interest in your area.
Selling raw land can be challenging. This is mainly because you’ll be looking for a very different kind of buyer. But if you’re wondering, “how do i sell my land to a developer?”, then these 4 tips will help you.