Owning land is pretty easy – it rarely takes a lot of effort. But when you want to sell, that can be a different story. Do you own landing and are wondering, How to sell your KY or Cincinnati land to a developer? How much do developers pay for land? How much is my property worth to a developer? etc. At We Buy NKY Houses, we’re often asked that question so we wrote this blog post to answer it for you. Check out these tips on How to Sell your KY or Cincinnati Land to a Developer…
First, it’s Important to know What Developers are Looking for
One thing you need to consider if you want to sell your KY or Cincinnati land to a developer is that a developer wants to be able to build on the property and sell it, so they’re probably looking for a property that is close to infrastructure and services (like water, sewer, power, and roads). 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.
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. If you’re wondering “How to Sell your KY or Cincinnati Land to a Developer?” you may need to find someone who specializes in selling land to commercial businesses. (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. They’ll want to know how your property is zoned so they can anticipate the work required to build. 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.
Benefits of Zoning in the Community
- Zoning governs the size and shapes of structures and parcels, so you can be
assured that a divided lot or a new building on a neighboring property will
be in harmony with the area.
- Zoning helps protect your property values by keeping incompatible or
unsuitable uses away from your property. A retail store, for instance, would not be permitted
inside a single-family residential district.
- Zoning makes properties attractive to developers. Developers prefer to locate
projects in areas where they have some certainty that the community will
accept the project and that the project is compatible with uses permitted in the
- Zoning helps prevent overcrowding of land by limiting the amount and sizes of
structures and parcels.
- Zoning facilitates attractive growth with community involvement. Appointed
community leaders review group developments at public meetings to consider
compatibly with the surrounding area and ensure the availability of public
services. You can be involved by sharing your opinions during public hearings.
- Zoning establishes height limitations, minimum building setbacks, and other
development standards. These standards keep buildings from being built
too close to a neighbor’s property, prevent fences so tall that they
overshadow neighboring structures, and address other development
- Zoning regulates home occupations. Residents are protected from
incompatible uses, such as tattoo parlors and retail sales, being located in a
- Zoning protects residential properties from commercial development by requiring
landscaping, buffers, and screening.
- Zoning enhances the beauty of a community by requiring street landscaping and
parking lot improvements.
- Zoning regulates the size and location of business signs to keep commercial areas
attractive and protect the safety of motorists and pedestrians
Fourth, Be Aware of the Path of New Construction
This one is harder for landowners to know but if you’re wondering, “How do I sell my KY 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. (Even if the city is not growing toward your land, that’s okay but developers will want to know). You don’t have to know this answer yourself but if you do, that will be helpful to developers.
Selling raw land can be challenging because it’s 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.