We Buy Vacant Land – Fair Cash Offers.

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What You Need To Do!

Look Up Zoning

Zoning is a legal procedure that categorizes privately-owned urban areas into various zones (like residential, commercial, industrial) based on their designated land use. Each zone has specific regulations regarding building density, location, size, and allowed building types. In simpler terms, local zoning codes determine what can be constructed and the specific requirements for each type of development. For vacant Florida land, understanding zoning regulations is particularly important to maximize its potential use and value.

You can’t get rid fair cash price of an empty piece of land if you don’t know what the land is. Vacant land’s value is determined by the “possible uses” – and the possible uses are regulated by the local zoning code. Checking zoning for every major city on Municode.

It’s important to remember that zoning codes are not set in stone. In many instances, municipalities are willing to consider allowing you to construct a structure that doesn’t conform to the code, which is referred to as a “variance.” A variance is a deviation from the set rules regarding land use and development, such as zoning ordinances, building codes, or municipal codes. The specific processes and requirements for variances can vary significantly from one municipality to another.

Understand Your Buyer

Understanding your buyer is crucial when selling your home, on online real estate platforms especially if you want a smooth and efficient transaction. At 123SoldCash.com, we pride ourselves on being transparent and straightforward Florida land buyers, so you always know who you’re dealing with. Here’s what you and land buyers should know about us:

1. We Buy Homes As-Is: We specialize in purchasing homes in any condition, so you don’t need to worry about making repairs or cleaning up before the sale. We take care of everything, saving you time and stress.
2. We Offer Fair Cash Deals: Our offers are based on a careful evaluation of your property, considering its current state and the local market. We ensure that our cash offers are competitive and fair, providing you with the best possible value.
3. We Close Quickly: Speed is one of our priorities. Once you accept our offer, we work to close the deal as quickly as possible, often within days. This allows you to move forward without the typical delays associated with traditional home sales.
4. No Hidden Fees: With 123SoldCash.com, there are no agent fees, commissions, or hidden costs. The amount we offer is what you get, making the process transparent and straightforward.

Understanding your buyer helps you make the right decision. When you choose 123SoldCash.com, you’re working with a trusted, experienced company committed to making the sale of your home as easy and beneficial cash land buyers as possible.

Also, it’s important to have a clear understanding of your real estate attorney and the potential buyer for your land. Dealing with your real estate agents or the wrong buyer can result in wasted time and canceled contracts.

One crucial consideration is whether you’re really selling land to a developer or you sell land to a builder. While some individuals can fulfill both roles, they are distinct tasks. “Development” involves preparing the raw land for new construction, including necessary utilities like plumbing and electricity. On the other hand, “building” refers to the actual construction of the structure.

Additionally, it’s essential to ensure that the buyer comprehends the land specifications. If you have zoned the land for residential use, but the buyer is considering commercial purposes, you may be dealing with an inexperienced buyer who is likely to back out fair offer a cash offer before the closing takes place.

Resolve & Pay Fines For City Code Violations

Vacant land often goes unattended as there is no one residing on the property. Monitoring the land becomes a hassle, particularly when the landowners live far away and are unable to visit regularly. As a result, there are often unresolved city violations for issues like overgrown grass and damaged or unsafe structures. Instead of encountering these violations during the lien and title search at the end of the sale, it’s advisable to address and resolve them beforehand.

What You DON’T Need To DO

Pay 6% Realtor Commission

Paying a hefty realtor commission can be costly. While a skilled realtor can provide value, it’s not always necessary to shell out thousands if you’re capable of handling the sale yourself. If you have the time, willingness to put in effort, familiarity with real estate processes and contracts, and can effectively communicate with potential buyers, selling a vacant land property without a realtor should be manageable. Unlike traditional home showings, vacant land sales typically don’t require physical tours. Essentially, paying a 6% commission to a real estate agent might just mean compensating them for phone communication. By selling vacant land properties directly, you can save on realtor commissions and expedite the sale process.

Underestimate Building Costs

123SoldCash.com is a company that purchases vacant land for cash. We have regular communication with landowners regarding their properties. It’s common for landowners to compare their offers to buy land to recent house sales in the area and express their surprise, saying, “The house across the street sold for $300,000, but you’re only offering $30,000!” However, many landowners find themselves unable to sell their land for an extended period. The main reason behind this is often their unfamiliarity with the fact that constructing a building from scratch is extremely expensive. Therefore, the value to sell land for cash because of the land alone may not be as high as the value of the structure in many cases.

Now, let’s face the reality of selling vacant land in Florida. The costs of new construction, if you’re fortunate, can amount to around $100 per square foot. This estimate does not include additional expenses such as legal fees, architect blueprints, and permits. For example, if a house with a size of 2,000 square feet were to sell your vacant land to be built, the construction costs alone would be approximately $220,000. This figure doesn’t even account for ongoing taxes, insurance, utilities, realtor fees from the purchase and sale agreement, or financing costs. Moreover, the process of new construction can take up to a year, and the holding costs can accumulate over time. This is why many property owners choose to sell vacant land to cash buyers who can offer a quick and hassle-free transaction.

Forget To Do A Survey!

Determining the right price for your land sale can be challenging if you haven’t conducted a land survey. A land survey provides a visual representation of the property, outlining its legal boundaries. It accurately depicts the dimensions and property lines, allowing you to determine the plot size and set an appropriate price to sell land for cash only. Additionally, a land survey can help resolve any potential boundary disputes with neighboring property owners. This is especially important if you are selling land in Bay County, where property boundaries can be complex.

The cost of a land survey is not as straightforward as closing costs, routine repairs or general home services. It depends on various factors, including the locality, the surveyor hired, and project-specific details. On a national level, the average cost of a land survey is approximately $456, ranging from $367 to nearly $490. However, it’s important to note that these figures can vary significantly based on location and other factors involved.