A market appraisal is a crucial first step in understanding your land’s worth in the current market. Our unbiased assessment, conducted by our qualified professional, provides a realistic estimate of your land’s market value.
A land market appraisal goes beyond a simple guesstimate. It involves a thorough analysis of various factors that influence your land’s value, including:
Comparable Sales:
Examining recent sales of similar plots in your area provides a benchmark for pricing.
Location:
Accessibility, proximity to amenities, and overall desirability of the area significantly impact value.
Land Use:
Potential development opportunities affect how buyers perceive the land.
Size & Topography:
The size and physical characteristics of the land influence its suitability for various uses.
Current Market Conditions:
Understanding local and regional market trends for land is essential for an accurate appraisal.
A promotion agreement contains a general obligation to promote a site for planning at the developer’s risk.
An agreement which details an obligation to promote your land for planning at fully our risk. Possibly providing the marketing and sale of the land. You, as the landowner are relying on our expertise. The size of the promotion fee will depend on the level of risk involved in obtaining planning and is usually a percentage of the sale price/market value. Where there is a sale, the promotion fee will be paid out of the sale proceeds and the promoter’s costs will normally be reimbursed too.
The developer or buyer choses to buy the land outright without acquiring planning.
The developer or land buyer, agrees to purchase the land at market price or an agreed sum. They must pay in full without using finance, before taking ownership of the land.
The Developer chooses to purchase the land after applying for planning themselves.
An Option Agreement, is an agreement between a land owner and a developer. The developer is given the opportunity to purchase the land once planning has been granted (normally at market price or an agreed sum). The developer puts forward the planning application at no cost to the land owner. If the developer is Satisfied with the planning outcome they can choose to purchase the land.
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Informed Decisions:
Knowing your land’s market value allows you to set a competitive asking price and negotiate with buyers.
Faster Sale:
An accurate appraisal attracts serious buyers willing to pay a fair price, leading to a quicker sale.
Reduced Risk:
A well-documented appraisal protects you from underselling your land and minimises the risk of disputes.
Financing Options:
Lenders often require a land market appraisal before approving loans for property development.
Our team of experienced appraisers follows a comprehensive process to ensure a reliable land market appraisal:
1. Consultation:
We discuss your goals and gather information about your land.
2. Site Inspection:
A qualified appraiser visits your plot to assess its physical characteristics.
3. Market Research:
We thoroughly research comparable sales and current market trends.
4. Valuation Report:
You will receive a detailed report outlining the estimated market value of your land, supported by data and analysis.
Get a free, personal and professional assessment of your land.
Contact
Winslade Park, Manor Drive, Clyst St Mary, Exeter, EX5 1FY
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