Looking At Houses

Are you looking to purchase land for your next home? Perhaps you want some privacy to build your dream home. Or maybe you want to purchase land now with the option of building a home in the future. Whatever your objective, working with a licensed residential land broker may be wise. A land broker differs from a real estate agent because a land broker specializes in one specific area — buying and selling land. They have extensive expertise and knowledge of the local land market and can guide you through the purchase process. Below are three ways a land broker can help you.

Finding land

The land market differs greatly from the traditional real estate market in most areas. Land may not be widely advertised for sale. A land broker can help you find available parcels you can't easily find online. For example, many brokers know landowners willing to sell a portion of their property at the right price. It often takes someone with inside knowledge of the local market to find those opportunities. Even traditional real estate agents may not be as well-versed in the land market and may not know about available land that isn't listed.

Government issues

Buying raw land often involves issues that must be resolved with the local government. For example, the property may need to be rezoned. It may need to be connected to local utilities like water and electricity. Tax abatement opportunities could exist for things like using renewable energy on the property. A local residential land broker will have experience with these issues and can guide you through them. They can estimate how much time it will take to have the property rezoned or how much it will cost to have water lines run to the property. That helps you make an informed decision about whether to buy certain property and how much to offer.

Revenue opportunities

There may be opportunities to make money off your land, and your land broker should be able to advise you on those possibilities. You could potentially put wind turbines or solar panels on your property to gather energy and sell it back to your provider. If you have to cut down trees on the property, the land broker could connect you to timber buyers. You may be able to sell dirt and other fill if you're altering the property. A land broker can help you maximize the return on your land investment.

For more information, contact a residential land broker near you.