Land Comes in Many Forms. Agricultural, Industrial, Commercial, Residential, etc.. The Use of Land can Change Depending on The City, County, State and a Regional Plans.
Before Considering your Selection of a Professional, Check with The Jurisdiction Governing The Land to Determine What The Growth Plans Are in The Area Where Your Land is Located.
Almost All Communities Have a Growth Plan 5 and 10 Years Out. If You Are Considering Selling Your Land, The Future Value of That a Land Depends on The Future Potential Use.
Land Goes Through an Entitlement Process to be to Be Used for Something Other Than It's Current Use. Have You Had The Appraised In The Past? How Large is The Property? What Type of Sale Would You be Looking at? All Cash?, Seller Financing? Partnership? Buyer Obtains New Financing? Option to Purchase?
Consider Your Tax Implications from The Income and Check with Your CPA or Financial Planner.
A Conversation With a Prospective Agent/Broker Should be Able To Answer These Questions for You or Talk to You About These Issues.
Sep 27, 2013