A Simple Guide to Acquiring & Selling Undeveloped Land

Buying an undeveloped piece of land seems like a great investment opportunity where a buyer's dreams can come true. Selling undeveloped land relieves the owner of their responsibility, padding their bank account or allowing them to invest.

Both the concepts of buying and selling undeveloped land for sale in Oregon are true in some way; however, it is imperative to understand both to avoid misunderstandings.

Here are some key points when trading in raw land:

Hire Land Negotiators

It is true that real estate agents understand policies, but not all of them are experienced in handling the finer details involved in buying and selling undeveloped land. Having an agent with experience in negotiating land deals allows the parties to better understand the process and ensure quality land.

Imaginary Value vs. Market Value

An undeveloped lot is the perfect place to build a custom home, but does the buyer's vision complement the style and the design in dream vs. reality?

Check Roads & Utilities Access

Undeveloped properties in rural areas may not have electricity, water, etc. Many people don't even consider it when buying. You need to consider the cost of setting up critical infrastructure and use those numbers to arrive at a price meeting point.

Zone Restrictions

There are mandates set by regulators regarding zoning and restrictions, that set limits on what can and cannot be developed in certain regions. There may be easements or permits to build fences or walls in certain areas. Some properties simply cannot be built or developed, or even properties that may require a significant investment of time and money.

Bottom Line

Traders may face many issues when purchasing undeveloped land. Avoid costly mistakes and confusion with a professional real estate agent who specializes in real estate. APXN Property is here to help you out!