Owning land is pretty easy – it rarely takes a lot of effort. But when you want to sell, that can be a different story. If you’re in a predicament where you own land that you no longer want or need and are wondering “How do I sell my Alaska land to a developer”? At Anchorage Home Buyers, we’re often asked that question so we wrote this blog post to answer it for you…
First, it’s important to know what developers are looking for
Developers usually aim to find land they can build on and eventually sell. So, they’re often on the lookout for properties close to essential things like water, sewer systems, power, and roads. After all, they need to hook up these services to their project, and they want folks to easily access what they’re building!
It’s alright if the land isn’t serviced, but developers usually want to know how far away these services are and if the city is actively working on getting them in place. That kind of info can make a big difference when developers are deciding what to do with a piece of land.
Second, you may want to bypass the real estate agent
Many real estate agents mainly focus their efforts on helping residential homeowners in their quest to find the perfect place to call home. However, if you find yourself wondering “How can I successfully market my land to a developer?” you may need to find someone who specializes in selling land to commercial businesses. (Alternatively, you might consider getting in touch with us to buy your land from you – we’re not developers but we do buy land).
Third, be aware of zoning when wondering “How Do I Sell My Land To A Developer?”
Developers have their sights set on construction projects, which could include jobs such as potential land subdivisions and various land enhancements. One crucial detail they’ll want to find out is the zoning classification of your property. This zoning information helps them to gauge the extent of work and preparations necessary for their construction plans. While zoning changes are a possibility, that typically means added time and effort, which affects the overall project timeline and workflow. With that being said, it’s best for developers to have all of the information regarding the current zoning status of the land upfront. This ensures transparency and informed decision-making from the start.
Fourth, be aware of the path of new construction
This one is harder for land owners to know but if you’re wondering, “How do I sell my Alaska land to a developer?” this will be an important consideration that the developer is thinking about: If your land is not inside a city then a developer will probably want to know if the city is growing in the direction of your land. (Even if the city is not growing toward your land, that’s okay but developers will want to know). You don’t have to know this answer yourself but if you do, that will be helpful to developers.
Selling raw land can be challenging because it’s a very different kind of buyer. But if you’re wondering how to sell your land to a developer, then these 4 tips will help you.