A frequent question we hear at LotNetwork.com is from sellers and their brokers asking how they should create their listings when selling residential development projects, land for development or multiple residential lots in bulk. Because LotNetwork.com was created to meet the needs of professionals in the homebuilding and residential real estate development industries, we have just the tools that are needed to help sellers market – and help buyers find! – these types of multi-lot and development property listings. A Common Need — Selling Multiple Lots or Development Projects It’s common for residential developers and homebuilders to need to sell…
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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…
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