Like all things “real estate”, acquisition of land requires a clear purpose and an ultimate goal. Without that an investor would be operating on pure speculation, a potentially dangerous situation.
If you want to dig into the realities of land development, you’ve come to the right place.
All in Contracts & Negotiations
Like all things “real estate”, acquisition of land requires a clear purpose and an ultimate goal. Without that an investor would be operating on pure speculation, a potentially dangerous situation.
Let’s look at what the value can be for a cash deal in real estate and under what conditions it may apply.
Got ugly dirt? Take heart, I’ve developed and sold my fair share of vacant lots that didn’t win any beauty contests. It can be done for a profit too!
It is challenging and rewarding to negotiate and contract for the very best terms possible in a real estate deal. You can make deals and binding contracts for almost anything - as long as it is legal!
Successfully completing a problem-free real property transaction is a great feeling. Getting caught up in a fully executed contract problem isn’t.
One of the most difficult challenges a land owner can face is environmental problems, particularly - pollution and hazardous waste. In the case of pollutants, due diligence can be especially difficult since our 5 human senses cannot detect many of them.
As a pure land guy I originally missed out on some opportunities by not aligning myself with established builders.
In land development, it’s always good to have a Plan “B”!
Rural land buyers are not that much different than any real estate buyer regarding the steps in the process of making a buying decision, but they do look for different things than a person buying an existing home on a traditional lot.
Let’s say you have come to the end of the long, dusty trail of a land development project and now it’s time to market and sell your finished lots. First of all, congratulations!
A look at several strategies for buying land for investment.
A lease is simply a transfer from an owner to a tenant the right to exclusive possession of a property for a specific time period.
Before spending a ton of time in researching a property it helps to have an initial checklist on-hand to make sure the basics are covered.
Verbal negotiations eventually lead to the written contract phase and this is when things start to really matter.
A look at the mentality and motivating factors of builders, as both allies and as worthy competitors of the private land developer.
When there is more than one investor in a land development project, provisions need to be made to secure the co-ownership interests of the parties in the real property.
This is the age-old question a lot of Sellers ask before marketing a property. It gets a little more complex when considering hybrid brokerage relationships, so let’s take a closer look at some of the issues.
Some of us ask, “do I need a Will?” A qualified estate planning attorney is the person to provide the right answer, but many people avoid doing estate planning because of the perceived cost, or they just feel it’s too morbid to deal with right now. There are some pitfalls to this thinking, some of which we should look at.
Gaining the highest and best use from land is the goal. Most of us tend to think of subdividing or platting the property to do it, but there are other ways to monetize dirt and this one really worked for the landowner – leasing land for a Cellular Site.
This covers not just a gravel mining operation, but also valuable insight on how to implement a successful Plan “B” when Plan A goes sideways, how to be nimble and deal with vastly conflicting interests through firm pressure and successful negotiation.