The Ultimate Checklist for Selling Vacant Land: The 3 Key Pieces of Information You Must Have to Sell Your Vacant Land.

So, you’ve got some vacant land, and now you’re wondering how to sell it. Don’t worry, we’ve got you covered! With our extensive experience at Falcon Land Company, we’ve put together the ultimate guide to make your land-selling journey smooth and successful.

1. Understanding the Basics: Essential Details You Need First

Before diving into the selling process, ensure you have these three crucial pieces of information:

A. Your Property’s Parcel Number:  This unique identifier helps everyone involved recognize your specific parcel of land. Think of it as your property’s “social security number.” It could be referred to as Tax Map IDs, APN, Parcel ID, and so forth. If you’re scratching your head wondering where to find it, check your property tax bill or the local Property Assessor’s website.

B. Legal Ownership:  Confirm that you have the legal right to sell. This might sound obvious, but complications arise if the property was inherited, has multiple owners, or if an owner has passed away. Consulting a title company can offer clarity in such scenarios.

C. Purchase and Sale Agreement:  A binding document between you and the buyer detailing essential information like contact details, parcel number, purchase price, and more. It lays down the foundation of your transaction.

2. Deep Dive: Going Beyond the Basics

While the aforementioned details are fundamental, having extra information can give you an edge in your selling process.

A. Property Taxes:  It’s essential to know if there are any outstanding property taxes. In most transactions, the seller clears these dues at closing.

B. Liens:  These are claims made against your property for unpaid debts. Liens remain with the property, not the owner. Ensure you’re aware of any existing liens to prevent unpleasant surprises.

C. Home Owner’s Association (HOA) Dues:  If your land is within an HOA, there may be fees or dues to consider. An Estoppel Letter from the HOA provides clarity on any outstanding amounts.

3. Zoning and Restrictions: What Can the Land Be Used For?

Understanding the potential uses of your land can significantly influence its market value.

A. Zoning:  Know the current and future zoning of your property. This information will dictate how a buyer can use the land.

B. Deed Restrictions:  These restrictions can limit the property’s use, such as the type of structures allowed or even pet ownership. Ensure you’re well-informed.

4. Buildability and Survey Insights: Knowing the Land’s Potential

Determine if your land is buildable. A positive confirmation can enhance the land’s appeal.

A. Buildability:  Verify with local authorities if they’ll issue building permits for your property.

B. Survey:  It provides insights into any easements or third-party rights on your land.

5. Pricing it Right: Setting an Attractive and Competitive Asking Price

Use reputable websites or consult experts to set a realistic asking price. It’s a balance between attracting buyers and ensuring you get fair value.

6. Let’s Make Selling Easy: Falcon Land Company’s Hassle-Free Solution

If all this sounds overwhelming, remember, Falcon Land Company is here to simplify things for you. Share details about your vacant land, and we’ll connect you with eager buyers, ensuring a smooth, hassle-free transaction.