Buying land is very different than buying a house or an apartment and there are many things to consider that you don’t normally think of when buying a residential property.
Since most of us don’t have experience in buying or selling land, using a real estate agent who specializes in land sales is a great first step.
Why & Where To Hire A Land Agent?
Zoning And Development Information
Land agents understand zoning regulations. What type of development can take place on the land depends on the zoning. They can tell you the highest and best use associated with the current zoning, or alternately, what the process is to rezone the property to accommodate the proposed use.
Land agents are usually aware of the development permit process and any regulations surrounding subdivision plans.
Site Characteristics
Land agents understand site characteristics and how they may impact the value and use of the land.
- What type of access there is
- What the road frontage is
- Are there any easement agreements or road right of ways on the property?
These are all considerations in land sales that a traditional residential agent may not be aware of.
If you’re considering buying or selling land, use a land agent who has knowledge of site characteristics such as slopes, change in elevation, roadways and trails, water features such as creeks, streams, ponds or lakes, as well as how those impact the property and its development potential.
If the property doesn’t naturally drain well or there are environmental issues, a land agent can assist in connecting you with the relevant experts who can provide guidance and feedback.
When looking at land, a land agent will generally know to look into which utilities are available (if any), what are the mineral rights, are there harvestable trees on the land, are there any environmental concerns impacting the land and so much more.
Development Opportunities
If the land is being developed, look for an agent who has relationships with, and has worked with, developers in the area.
The more the agent has dealt with this type of property or situation, the more benefits you’ll see as a buyer or seller of the land.
Land agents often have connections within the municipality for things such as official community plans, subdivision approvals, development and other building permits. With these types of connections, land agents can refer you to the right people and pave the way for future dealings with the governing authorities
While residential real estate agents can provide excellent service when selling your home, they may not have the understanding and knowledge that a land agent has. This experience comes from ongoing education, staying current on any zoning or development changes within the municipality and working with developers and authorities having jurisdiction in the area.
Hiring a land agent is a smart decision when selling or buying land. You’ll be assured you’re getting the best possible service from the most knowledgeable agents available.