When owning a plot of land that exceeds a surface of 500 square meters, property division can be an inspired strategy when considering selling the terrain in advantageous financial conditions (especially in the urban area, were constructible real estate properties for sale truly sought-after).
On professional sites such as Businesses-Properties.com, future land vendors can consult with real estate experts upon possible strategies of successful transactions.
When deciding upon a property division, you are practically engaging in a complex real estate operation that consists of splitting the terrain in two or multiple new plots that are ready for construction.
This action implies, of course, the creation of new borders within the original terrain. Once it is established that the division doesn’t demand any future servicing works and that it can create at least a terrain that allows construction, the division solicitation is submitted for approval at the city council. This represents a mandatory process indispensable for an authorized division of real estate properties for sale.
If the proposal is approved, the next step refers to the intention of the landlord to realize an official display of the property division on its terrain, as a method of informing the public. In this way, the project affirms its responsibility in optimizing the operation of division on a financial level, respecting the local urban shape.
The operation has to take into consideration the urban planning constraints available for that site, for division actions and configuration of plots of land that reside in the terrain’s vicinity and suffer a direct impact.
Another strategy that can be implemented in a real estate transaction regards the constructible character of the plot.
Supposing that a terrain is classified as being unable to undertake construction activities, it is not eliminated the possibility that the plot, situated at the limit of a region, might become constructible due to progressive urbanization.
In this case the landlord, once the owner of a rural terrain, becomes the owner of a more valuable urban integrated property.
Moreover, the vicinity of water or electricity utilities can also predict an imminent transformation of the terrain from non-constructible to constructible. If the owner isn’t ready to put his land on the market for selling purposes, because of the financial obligations that are involved by a real estate affaire, he can solicit an extra value granted for the terrain that includes these future expenses.
But how to convince a future purchaser to buy a plot of terrain in these circumstances? A good strategy can be to negotiate with a developer that, due it’s politic of property conquest, has already set eyes on your terrain that is still non-constructible, but not for long. What does he have to win?
He can provide a form of allowance that is inferior to the price of a square meter of built terrain (this allowance can help the land owner to undertake all of the paperwork needed for the terrain to be ready for selling). On his part, the landlord commits to transferring the plot of land to the developer the day it opens towards urbanization.