Things to consider while selling your raw land

The raw land pictures a real estate investment that signifies challenging facets than selling a parcel with an attractive structure. It might seem that selling an open land with no amenities sounds more intriguing and less complicated, but in reality, selling land in North Texas can be more daunting and time-consuming. But it can still turn into a profitable deal if you put diligence and thought into the sale process.

Anticipate your buyers and do your homework

Selling land around the DFW Metroplex area prompts your potential buyers to come up with a multitude of questions. Brace yourself to be as informed and composed as possible during the sales process. Contact local authorities to get documentation regarding potential queries before marketing the parcel.

Potential for flooding

Land sale in Van Alstyne includes many vacant lots near bodies of water that are deemed speculative for flooding. Similarly, selling land in Collin County features potential flooding risks. Lands located near a water body can be exorbitant, but the proximity can create potential concerns among the buyers. So be sure to understand and strategize the aftermath of your particular location.

To get started, search your raw land on FEMA.gov, and you will access the nearest flood plain maps in your area. You can also benefit from FloodTools.com by punching in your address in the engine. And in case you discover that your lot is near the flood zone, get a flood insurance quote to get a ballpark guess on how much the flooding insurance will cost you. Selling land in Grayson can still yield favorable profits; make sure your price listing reflects additional flooding insurance costs. It is prudent to optimize your land’s competitiveness in contrast to other flood-prone areas.

Are you selling the land in Sherman? If you haven’t paid the claim for flooding over the year, request a report from CLUE to persuade the prospects that the potential flood risk is marginal. You can show good faith towards the buyers by discounting insurance costs for a year.

Road access

Land sales in North Texas call attention to many landlocked properties. If your property is surrounded by multiple privately owned lands prompting no access to public thoroughfare without trespassing someone else’s private space, the land is inherently futile. Selling land in Howe with rather no road access could be challenging, but it isn’t a deal-breaker if you know how to exercise your state rights legitimately.  Get the legal easement to the property from the surrounding neighbors. In most scenarios getting an easement can be arduous if the neighbors are unwilling to be cooperative, but you can persuade them by offering them compensations. And if the neighbor’s drawback from signing a friendly easement, you can opt for an easement by necessity via court.