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Multiple Ways to Buy and Sell Land and Build New Homes

By Jeff Pearl

Real Estate Agent with RE/MAX Distinctive / LIC in VA

March 17, 2015 10:51 PM

New construction has been picking up in this area of Loudoun county VA. I've been seeing buyers pay what I think is too much for building lots. But the value of the finished product is really what matters. You can pay $20,000.00 above fair market value for a lot, then save $20,000.00 in other areas of building. Maybe cut back a little on landscaping, trim, fixtures, smaller deck or patio, shingles, siding, etc, etc. There are many places builders can save a few thousand dollars here and there on a new construction home.

If you have LAND to SELL, please contact me. I can help you determine best path to follow to get it sold. Options to sell could include (1) Subdividing, (2) Improving the land, (3) Building first then selling, (4) Partnering with a builder to maximize your profit on land, (5) Setting up strategy with builders where they market the land with one of their models to be built on it, (6) Marketing land with to be built homes with established models and prices. (7) Strategy where builder buys tear downs, pays owners 40-50% of lot value up front, seller holds recorded instrument, then receives balance of lot value when new home is sold.

If you want LAND to BUY, I can help you find land that meets your immediate needs and long range plans. Items I will research and verify for land purchasers include: (1) Acreage, (2) Zoning (3) Drain fields / perc sites, (4) Easements, (5) Flood plains (6) Wells (7) Set backs, (8) Survey plats, (9) Deeds (10) Restrictive covenants, HOA,s and road maintenance agreements, (11) Access to hi speed internet (12) options to subdivide in future (12) contacts for new construction financing ( 13) screening builders (14) locking in interest rate at start of process with only one closing (15) Understanding storm water management requirements if any, (16) Drivway permits (17) Minimum sight distances (18) Environmental history of land to verify no enviromental hazards existed on property or on nearby properties (19) Aerial photos of land dating back from the 1960s to present, etc, etc.

lovettsville land

Numerous lots in Western Loudoun county VA available. Lot sized from 2.4 acres to 40+ acres.

Jeff Pearl | Lic in VA

Remax Distinctive

703-727-4876

Homes | Land | Farms | Historic

www.jeffpearlhomes.com

Equal Housing

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Andrew Mooers | 207.532.6573

MOOERS REALTY - Houlton, ME

Northern Maine Real Estate-Aroostook County Broker

Land, boy is it a lot of what we list, market, sell. Land of all types and low cost, large sized acreages never go out of style. Underneath all is the land.

Mar 17, 2015 10:52 PM

Jeff Pearl

RE/MAX Distinctive / LIC in VA - Lovettsville, VA

Full Service Full Time Realtor

#1- Hi Andrew, Sounds good! It's similar in this area. We have a huge variety of land to fit almost any lifestyle.

Mar 17, 2015 10:55 PM

Roy Kelley

Gaithersburg, MD

Grant Schneider

Performance Development Strategies - Armonk, NY

Your Coach Helping You Create Successful Outcomes

Hi Jeff - you are such a great resource for sellers of land or sellers of tear downs. You have outlined so many options here.

Mar 21, 2015 12:14 PM

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

I can relate to what you are saying Jeff. I have done land development and know it all depends on the individuals needs and expectations.

I featured you in my Saturday Subscriber Finds Series this week. I hope you get a chance to check it out and get some new followers.

Have a great rest of the weekend.

Debbie

Mar 21, 2015 12:16 PM

Paul S. Henderson, REALTOR®, CRS

Fathom Realty Washington LLC - Tacoma, WA

South Puget Sound Washington Agent/Broker!

Jeff Pearl (1st time visitor) I am intrigued how we live on opposite coasts but many of your suggestions hold true for us too...

Mar 21, 2015 12:52 PM

Dorie Dillard Austin TX

Coldwell Banker Realty ~ 512.750.6899 - Austin, TX

NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Jeff Pearl,

I am back from spring break and catching up on this past weeks post. I just read Debbie Reynolds post on her selections for her Saturday Subscriber series. I just subscribed to your blog. Have a great week-end!

Mar 21, 2015 10:16 PM

#3-Hi Grant, Thanks! i'm hoping to help convince buyers that havign a new home built isn't that complicated.

#4- Hi Debbie, Thank you! Yes, I will check out your " Saturday Subscriber Finds".

#5- #5- Hi Paul, Thanks. I guess it's basically the same process in most areas, just different price ranges.

#6- Hi Dorie, Hope you had a nice spring break! Thanks for subscribing. jeff

Mar 21, 2015 10:53 PM

Endre Barath, Jr.

Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA

Realtor - Los Angeles Home Sales 310.486.1002

Jeff good advice, being a land specialist in the Greater Los Angeles area I agree paying a little more will come back in other ways, Endre

Mar 27, 2015 12:19 PM

#8- Hi Endre, Thanks. It can be annoying listening to people spend weeks trying to get price down a few thousand dollars.

Mar 27, 2015 08:20 PM

Joe Petrowsky

Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT

Your Mortgage Consultant for Life

There are always opportunities when you buy a piece or land or building lot and for sure you would be the right agent to talk to in your area.

Make it a great weekend!

Mar 28, 2015 06:45 AM

Multiple Ways to Buy and Sell Land and Build New Homes

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