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How Much Is My Garden Worth To A Developer?

Do you have a spacious garden? Perhaps you have an acre or more of land adjacent to your home?

You may be wondering just how much your garden and outdoor space could be worth to a developer.

Perhaps you are looking to sell off your property, or you are simply curious.

How Much Is My Garden Worth To A Developer

Knowing the answer to this question could prove to be quite valuable.

There are several steps that you can take. Each will ensure that you get as close to an accurate figure as is possible.

Having that figure can help you to determine whether this is the right next step for you and your family.

Determine The True Size Of Your Property

Access Local City Or County Records.

It could be that you don’t already know the precise measurements of your property.

Gaining access to local city or county records can provide you with the most accurate information.

Sometimes the local county tax assessor is an excellent place to start.

If anyone knows the value of your property, it will be the office that assesses taxes on it.

Hire An Independent Assessor

Hire a private company that can measure the size of your property.

This is a great way for you to get an accurate sense of just how much land you own.

It can also provide an idea as to what its potential worth may be to a developer. Many independent assessors will guarantee their work.

What if the tax assessment later states a different property size? The private company may issue a refund or come out and re-measure your property.

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Having accurate data on hand will give you the upper hand. This is important when it comes to bargaining with a developer with interest in purchasing your property.

Working With An Agent Or Broker

Working With An Agent

You will likely find a need to hire an agent or a broker. They will represent your best interests when negotiating with the developer.

Before signing contracts, make sure that there is no professional association with the developers interested in your property.

You may even want to put this as a written clause in the contract that you sign with the agent.

Seek out an agent who has experience with property valuation.

They should also have an understanding of the related implications of property size, zoning regulations, and location.

You are more likely to find an agent of this caliber at a larger brokerage house.

Your agent representative should determine what other properties in your area are fetching.

It can be helpful to learn just what kind of development is being planned for your area. And also for your particular parcel of land.

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All of this information will help to determine a baseline value for your property. This will give you a position of knowledge when dealing with a developer.

Getting Written Offers

Referring To Your Broker

If a developer is interested in your property, they will reach out numerous times.

The chances are that they’ll make several efforts to reach out to you via phone, letter, email.

They may even knock on your front door. The more interested that they are, the more aggressive they may be in trying to contact you.

Keep in mind that you are not obligated to talk to anyone about selling your property.

Particularly if you have already signed up to be represented by an agent or broker.

Any attempt to contact you should be run through your agent or broker. So feel free to give out their contact information. This will allow them to negotiate on your behalf.

Getting It All In Writing

Don’t take anyone at their word, not when it comes to the potential for a lot of money. Ensure that any offers are in writing and that your agent has first reviewed them.

Many times the developer will try to sneak in some type of clause that won’t work in your best interests.

Your agent or broker will have the experience needed to identify those sneaky clauses.

They can stop them in their tracks before they even get to you.

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Get the agreements all in writing. Then there is no chance of the developer later trying to pull one over on you.

Determining True Value

The amount that you can potentially get from the developer will depend on how much the developer wants your property.

It will also depend on how much the developer stands to earn by moving quickly. And by agreeing to the terms that you set.

Don’t be afraid to negotiate in order to get the best numbers that work for you.

Keep in mind that it might not be worth it for you to hold out and refuse to sell.

Is the developer going to actively pursue other properties in the area? Then you just may be facing an increase in construction traffic.

Also, noise, air pollution, and other disruptions may not make it worth continuing to live in the area.