630,251
369,690
I'm in a rural area - so the question does come up regularly. Some of the things to consider are:
shape of the parcel
road frontage
location of the current improvements
market data showing absorption rates by price group
availability of financing
debt on the property, and the underlying collateral
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Brigita McKelvie, Asso...
Lehigh Valley, PA
2,224,473
I live in a rural area and this comes up quite a bit. It can be a good thing for the seller. The situations vary.
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Brigita McKelvie, Asso...
Lehigh Valley, PA
911,338
I don't suggest it, i just ask if they ever considered it. Many like large parcels and don't like development. It's case by case. It can be time consuming and expensive.
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Brigita McKelvie, Asso...
Lehigh Valley, PA
634,482
If they can afford the time and expense, and if the division will allow for each lot to be zoned for at least one residential dwelling, yes. On Kauai the division will increase the value substantially.
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Peter Luiten
Princeville, HI
3,986,258
Yes, on larger parcels of 40 acres and more
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William Feela
North Branch, MN
6,393,404
Most sellers are not set up for this, however we do routinely do this with our investment properties.
4,319,419
279,878
4,800,082
977,386
It all depends on the situation. I deal with rural properties and farms and work with clients that are mostly interested in these types of properties, especially horse people. These people are usually searching for open land to keep their animals. In some areas, it might be a better idea to subdivide, if there is a market for it.
870,537
Yes, but its a long process and sometimes the local zoning office has to approve it, then the survey needs done and approved etc. Preplanning is necessary
539,468
I've seen a reason to join adjacent properties. In New Mexico, I've seen off-grid lots of 1/4 acre for sale. But 3/4 acre is required to install a septic system. So, it makes sense to buy 3 adjacent 1/4 acre lots to assemble a larger parcel.
3,727,873
I read this one and scratched my head. Our lots are typically under 3000 square feet.
1,153,794
The sum of the parts are usually more than that of the whole. It is determined by their financial capability and feasibility of the undertaking Vern Eaton.
3,988,007
I have suggested that the seller may get more money by splitting it up or selling a side lot or parcel separately. My job is to get the most for the seller so we need to at least have the discussion and ultimately they will decide.
582,106
If the property is a large parcel and the subdivision will create more than one marketable parcel, the answer is often yes.
864,658
It depends on the seller's needs and wants. If the seller needs to sell it quickly, then I would market the property/land with the added potential of rezone.