Could you sell some of your land to property developers? 24housing looks at your options.

Land Demand is High!
Thanks to the current housing crisis and shortage of homes, developers are on the hunt for land. Whether you’ve got a garden, a field, or inherited some property, this might be the golden moment to consider a sale. Your land might just be a treasure trove for the right developer.

Does Your Land Fit the Bill?

1. Location, Location, Location: A field far away from everything might not be appealing, but if your plot is near shops or transport, it could be a goldmine.
2. Get Expert Advice: Before setting a price, contact a planning consultancy. They can help determine the true value and potential of your land. Some might do this for free, while others could charge.

Get the Right Help
Selling land is not a DIY job. Developers are shrewd and well-informed. But with a trusted land agent, you’ll have an expert ally. They can help with:

• Marketing strategy.
• Negotiating with stakeholders.
• Ensuring you get the best price without rookie mistakes.
• Tips: Ask friends or family for agent recommendations.

How Much is Your Land Really Worth?
The value isn’t just about the land itself but the profit potential. If your plot gets planning permission, it could significantly increase in value. This is why a knowledgeable land agent is crucial.

Should You Get Planning Permission Before Selling?
If you secure planning consent before selling, you can maximize profit. However, developers sometimes prefer to handle that themselves. Here’s how you can go about selling:

1. Unconditional Sale: A straightforward sale method, but may not get you the best value if sold without planning permission.
2. Conditional Sale: The buyer buys only once they get planning permission. This can get you a higher value but can be a longer and uncertain process.
3. Option Agreement: Developers take on the risk of getting planning permission. You grant them an option to buy later. This is a common method.
4. Promotion Agreement: This collaborative method involves the developer getting planning permission and then sharing the sale profits with you.

Key Takeaways

• Selling land can be a lucrative venture, especially in today’s high-demand market.
• Use professionals: get your land valued, consult planning experts, and employ a land agent.
• Understand the different sale methods to choose what’s best for you.
• With proper guidance and expert insights, you could earn a significant amount from selling your land. So, do your homework, and you might just hit the jackpot!