Selling Development Land
We’re providing some top tips about how you can speed up the sale and obtain a competitive offer when selling development land.
Your top questions when selling development land
✅ What does it mean to own development land in the UK?
Development land is typically a vacant and unused plot of land that already has planning permission for the construction of some type of property, whether that’s residential such as houses, flats and the like, commercial such as offices, gyms, restaurants and other businesses, or industrial, which is a category that includes large facilities like factories.
✅ Why do buyers like land that already has planning permission?
Potential buyers are much more likely to be interested in your development land because it has planning permission, and that’s because they’ll know they don’t have to go through the often very lengthy and complicated process of trying to obtain planning permission from a local authority, so you will end up saving them quite a lot of time and effort.
✅ What are the different types of development land available in the UK?
There are mix of development land types in the UK, including residential, commercial and industrial. Other types of land that can be developed, albeit with some restrictions in certain cases, include brownfields which are sites where there was once heavy industrial use, and greenbelt land which refers to areas that try to restrict too much urban sprawl.
✅ How can I secure the speediest possible sale for my development land?
You can contact LDN Properties or any other honest fast property buyer because they should be able to finalise the purchase of your development land within a handful of weeks, and this includes the time needed to exchange contracts and pay you the sale proceeds. All other common methods of selling development land will normally take at least several months.
✅ Can I avoid paying any commission when I sell my development land?
Yes, if you get in touch with an honest no-fee quick buying company like LDN Properties then you do not have to worry about paying any commission. The same outcome will be true if you sell on your own without any third party help. But if you decide to sell the land through an auctioneer or estate agent then you’ll have to pay them commission from the sale proceeds.
✅ How can I be sure that it's safe to sell my development land to a quick buyer?
You should ask individual quick buying companies if they belong to an organisation called The Property Ombudsman (TPO). This is an independent entity that publishes regulations to guard owners against scams in the quick property buying sector, and all TPO members are mandated to stick to these regulations, which should give you extra peace of mind when selling.
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