Do you have land available that you want to sell, but you don’t know how to go about it? Selling your land to a developer has several advantages, including saving you time on the sale and seeing the sale price increase. But you still need to understand the different steps and the price of selling your land to a developer.

The first is clearly time savings. By selling your land to a developer, you’ll save considerable time; the transaction is generally completed more quickly because developers are familiar with the market and its players. They understand market mechanisms, such as supply and demand, but also know how to adapt to the municipality in which the land is located. Hiring a developer is the guarantee of a successful transaction.

This is simply because the developer is able to identify the potential of your land and its future profitability. They are therefore able to purchase it for a higher price than a private individual.

You also need to consider that a developer will handle most of the formalities involved in the sale, such as the feasibility study and the building permit application. This takes a lot of the hassle out of your process.

Your land has a market value that depends on several criteria: its surface area, the area in which it is located, its location (whether it is close to shops or transport), the quality of the soil, etc.

Therefore, you must adjust the price based on the market, but also on your desires.

You can certainly set the price and research the market yourself, but it’s a laborious process and you could make mistakes. That’s why it’s advisable to hire a professional like a developer to do it for you.

The different stages in selling your land

Use the services of a local developer: they have a deep understanding of the local market and its prices. They will be best placed to assist you with your sales project and determine the selling price.

Conduct a feasibility study: The developer can do this themselves via a design office. It allows the developer to better understand your land, such as its future potential and soil quality, and to verify that the land is indeed buildable. They will also be able to anticipate what will be built: housing, houses, company offices, etc. It allows them to evaluate the selling price of your land; this is a key step. To make their purchase offer, the developer will calculate the financial balance sheet of the future structure and the potential turnover they will be able to achieve, as well

Apply for a building permit: This is the developer’s responsibility. They go to the town hall to apply and obtain it.

Sign the authentic deed at the notary’s office: The signing of the authentic deed takes place once the building permit has been granted. This is the final step that will complete the sale of your land.

Do you have a real estate construction project? Don’t hesitate to contact Citya, who will be happy to assist you! Check out our other articles on the same topic:

What precautions should be taken when purchasing non-constructible land?

Whether you’re looking to rent, buy, manage, appraise, or sell real estate, or invest in new property, we have guides to answer all your questions. Feel free to consult them to find the answers to all your questions.