Realty Executives Exceptional Realtors®

Manny Intorrella

0123977 (973) 220-5801

Manny Intorrella

REALTOR® /Sales Associate

Realty Executives Exceptional Realtors®

0123977

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How to sell raw land in a residential zone

(Published on - 6/9/2023 1:14:46 AM)

 

 So, you own some land in a residential zone and not sure what to do with it? 

 Well, if you have the money, build a house on it!  If you don't want to build, then you might want to consider hiring me, Emanuele B Intorrella, with Realty Executives to sell it for you.  Lets discuss a few things you would want to consider before listing your land for sale.

 Zoning

 Is your land zoned for residential or commericial or other uses?  Be sure you understand what the use permissions are for the land.  Granted, the buyer should do their own due diligence, but it can help if you already have answers on zoning!  BUT, always put the due diligence on the buyer's responsibility list and put that in writing when you accept an offer.  Zoning can change, or more commmonly be misinterpreted and the last thing you want is to misrepresent the status of the land.

 Do you have any approvals for the land? 

 Now if you have land with ZERO approvals from the town to build, its much harder to sell than land with some or all the approvals, planning/zoning and variance approvals as well as a site plan approval.  The more approvals you have, the more the land is worth!

 Utility Access

 There are many factors to consider when building on land such as utilities for example.  Does the land have access to sewer lines or do you need a septic. 

 Do you have access to water and gas lines or do you need to dig a well and get an oil or propane tank.  If you do have access to gas and water lines, where are they?  Are they in the middle of a main county or state road that will be very difficult to get to, costs thousands in road blocks and dot permits?  Or are the gas and water lines on your property and easy and simply to access...

 Connection fees

 Does you town and/or county and/or water authority charge you connection fees for new water and sewer lines?  They can be quite hefty, so be sure to research that as well.  

 Building Plans

 Now, you don't have to necessarily have building plans drawn up, but if you do, that's an extra bonus.  The buyer may like the plan, but it not, they will have to do it all over again anyway. 

 These are some of the things a smart buyer will ask and research before making an offer on a piece of land.  

 So if you have the funds and you are able to get most of the approvals and planning completed, the land will be not only be worth more money, but it will be much easier for the buyer to purchase the building with less time researching.

 So, you decided you want to list with me?

 Here is a brief summary of how I can help you sell your land:

 

  • I will create a compelling listing with high-quality photographs and detailed descriptions highlighting the land's features, such as its location, size, natural surroundings, accessibility, and proximity to amenities.  I will highlight the local schools, parks, recreation facilities, shopping and restaurant areas to help entice the buyer to imagine living in this town
  • If you have a site plan, survey, utility, and drainage plans, this will also be included in marketing as it's a major stepping stone for the buyer.  We will highlight the advantages of having a ready-to-go plan that will save the buyer time and money!
  • Have building plans even better, lets show them off too in my advertising
  • I will also focus on calling local builders that may have clients looking to build in the area or that may want to build and flip a home on your land!
  • I will list your land on the two major mls exchanges in this area:  GSMLS.com and NJMLS.com.  This way all the other realtors in the area will know about your land listing.  I'm not greedy, I am more than happy to share a commission with another broker who has a buyer. The faster I can sell your property, the happier you will be, so that's my goal.
  • I will also do extra marketing online on various social media sites, to gain exposure above and beyond what my marketing team will provide you.  (I can't go into details as I don't like to give up my internet marketing secrets)  But as you know, the majority of buyers find land for sale online.

 Remember, selling raw land requires patience and effective marketing strategies. By highlighting the advantages of the existing site plan and reaching out to the right target audience, you can increase your chances of successfully selling the land.

 So, what are you waiting for?  Call my cell today and let's list your land!  I can help you sell land in Bergen, Passaic, Sussex, and Morris Counties!  New Jersey that is!

 

 

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