SELLING LAND
Understanding the real estate development cycle is a stepping stone to figuring out how you can boost your property’s value before selling. At each stage of the development cycle, shown in the diagram below, there are opportunities for a homeowner or investor to sell for better value - if they implement a land enhancement plan.
THE REAL ESTATE DEVELOPMENT CYCLE
Are You Leaving Money on the Table?
Many homeowners and investors unknowingly sell their property for less value based on the structure of the home rather than the potential use of the land. This is a missed opportunity as you could be leaving a significant amount of money on the table, especially if you’re listing for sale in neighbourhoods slated for future growth.
Do You Know the Value of Your Property?
If you’re not sure, ask yourself these questions:
Am I aware of the growth changes happening in my neighbourhood?
What’s the value of my house versus the value of my land based on its potential use?
What makes my land attractive to real estate developers?
Where can I get a comprehensive land assessment before I sell?
While your neighbourhood Realtor® can advise on upgrading areas of the home to increase its “curb appeal”, selling land requires a different set of expertise. It has very little to do with the home structure itself.
Speak to a Realtor with Development Land Experience
Selling development land requires specific knowledge about land contracts, city planning, development finances, and relationships with development professionals. Realtors® experienced in development land sales are better suited to advise about your land’s value. They also understand the different types of buyers attracted to development land which differ from a standard home sale.
Know Your Options Before Selling
Selling for less or too soon are common fears for property owners. We take the time to get to know you and your specific needs and goals. For it’s only then that we can figure out what you want to achieve and compare it to what’s happening in your neighbourhood. With this in mind, we’ll lay out your different options, develop a strategy, and advise on the best course of action.
Let’s have a casual conversation about your options. We can provide you with a complimentary land assessment to learn the true value of your property and an action plan to implement.
Contact Manny at 778.800.1070 to get started or complete the request form below.
Request a Land Assessment
If want to know the potential of your land, complete the form or contact us directly.
E. mb@boparai.ca
T. (778) 800-1070