Charitable giving is big business in the U.S. It is estimated that $316.23 billion was donated in 2012 by American individuals, corporations and foundations. Americans donate money, clothes, food, their time, household items, cars, boats, homes, and…land. In fact, 2-3% of charitable donations involve land, according to the Chronicle of Philanthropy. Land, whether a residential lot or large acreage, is often donated: 1) to help a greater cause, 2) as part of a family or corporate legacy, or 3) for tax benefits or other financial purposes (or a combination of these motives). Land owners with unwanted property sometimes decide to…Read more
Topic: Tips for Selling Lots & Land (Page 2 of 2)
Reach More Lot & Land Buyers: Upgrade Your MLS Listings on LotNetwork.com
Real estate agents…if you’ve got residential lot or land listings on MLS, do you find that they’re lost in a sea of listings for homes? Homes with beautiful bathrooms and updated kitchens? LotNetwork.com’s “Auto-Upgrading” feature makes it easy for you to more successfully reach active lot and land buyers – because MLS may be great for selling homes but it’s not so great for selling lots and land. With the Auto-Upgrading feature you can automatically upgrade any of your syndicated MLS listings that are on LotNetwork.com to Premium or Featured Listings. It takes just seconds and you do not have to…Read more
So You’ve Inherited Land…What’s Next?
Inheriting real estate can come with benefits and an abundance of decisions to be made, and inheriting land is no different. For some beneficiaries, they know exactly what they want to do with their new inherited land – sell it, hold onto it, build on it or even lease it. For others, it can be difficult to make a decision, especially if there is an emotional connection with the land or when other family members are involved. Since we’re in the business of land, we’re here to help you sort through the process of deciding how to handle your inherited…Read more
Subdividing Land: Tips for Landowners from a Developer (Part 2 – Lessons from the Field)
Are you a landowner who is thinking about subdividing your land into residential lots? In this second of three articles on the topic, you can learn about subdividing land from the real world experiences of a real estate lawyer and developer. Be sure to check out the first article in this series that describes the common benefits and risks of subdividing your land. As noted in that article, some of the benefits may include: Increasing the total value of your land, Providing you the flexibility to keep your home, but still get income from selling your extra land, or Boosting…Read more
Subdividing Land: Tips for Landowners from a Developer (Part 1 – Evaluate)
Learn to evaluate the risks and rewards of subdividing land into residential lots. In this first of three articles on the subject, a developer and real estate lawyer provides landowners specific items to evaluate when considering whether or not to subdivide land. Come back for the next articles in this series that provide insights for landowners based on the author’s real world experiences with the subdivision process, as well as a hands-on description of the steps landowners should take when subdividing land. Why Subdivide My Land? Sub·di·vide (v.): to divide into several parts; especially: to divide (a tract of land) into building…Read more
List Now & Sell Your Property with these 3 New Year’s Resolutions
If you want to sell a property, the first thing you must do is actively and aggressively market it. To find the right buyer, you have to have the right exposure. But it’s amazing how many people don’t properly market their properties or simply fail to list them at all. Whether you are a real estate agent, a homebuilder or an unwilling property owner, you are missing out if you have not recently reviewed your marketing efforts and created a targeted online listing to sell your lot, land or other property to the right type of buyer. It’s not too…Read more
Online Listings to Sell Land or Lots: Five Tips to Help Spur a Successful Sale
Did you know that 90% of real estate buyers are now searching online for properties? Clearly, online listings should be a critical part of your strategy when you want to sell lots and land. And when an online listing is the first impression (and possibly only) that greets potential lot and land buyers, an engaging listing can be the difference between a property that languishes and a property that moves. Here are our top tips to help you successfully sell land or lots online by creating an effective property listing. Photos. Creative, Strategic, Smart Photos. You’ve heard it, you know it: photos…Read more
Lots and Land Development: How do you know when the Market is Ready?
Land development tends to be one of the riskiest roles in the housing industry, so for land developers it is important to know that the market is ready for a new project to avoid taking on excessive risk. What are the tools or metrics that land developers can use to analyze housing markets and help them evaluate whether the market is ready for developing land into lots for new home projects? Risks of Land Development Land developers are at the front-end of new home construction. Land developers typically borrow and advance the funds that are needed for them to pay for…Read more