Do yo ever suggest a seller to split their property before they sell?

Question

Answers

Sort

Rainmaker
630,351

Ajay Pandya

e-Merge Real Estate Unlimited - Columbus, OH

Realtor Ajay Pandya

Very rarely.

Mar 09, 2018 10:44 PM

Upvote

2

Praful Thakkar

Burlington, MA

Rainmaker
369,746

Jeanne Dufort

Coldwell Banker Lake Country - Madison, GA

Madison and Lake Oconee GA

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

Mar 17, 2015 09:04 PM

Upvote

1

Brigita McKelvie, Asso...

Lehigh Valley, PA

Rainmaker
2,236,146

Debbie Laity

CinaJones Real Estate - Cedaredge, CO

Your Real Estate Resource for Delta County

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.

Mar 17, 2015 03:15 PM

Upvote

1

Brigita McKelvie, Asso...

Lehigh Valley, PA

Rainmaker
948,339

Jeff Pearl

Realty One Group Capital / LIC in VA - Lovettsville, VA

Full Service Full Time Realtor

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.

Mar 17, 2015 08:02 AM

Upvote

1

Brigita McKelvie, Asso...

Lehigh Valley, PA

Rainmaker
634,582

Kathleen Luiten

Resort and Second-Home Specialist - Princeville, HI

Kauai Luxury Ocean Home Sales

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.

Mar 17, 2015 03:28 AM

Upvote

1

Peter Luiten

Princeville, HI

Rainmaker
3,986,579

William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

Yes, on larger parcels of 40 acres and more

Mar 17, 2015 02:10 AM

Upvote

1

William Feela

North Branch, MN

Ambassador
6,949,569

Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Most sellers are not set up for this, however we do routinely do this with our investment properties.

Dec 23, 2019 11:37 PM

Upvote

Rainmaker
4,323,500

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

If it is possible, yes.

Jul 29, 2018 10:23 PM

Upvote

Rainer
280,028

Dipti Thakkar

LAER Realty Partners - Andover, MA

On a team with Praful Thakkar

It is possible.

Jul 28, 2018 11:23 PM

Upvote

Rainmaker
977,442

Brigita McKelvie, Associate Broker

Cindy Stys Equestrian and Country Properties, Ltd. - Lehigh Valley, PA

The Broker with horse sense and no horsing around

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.

Mar 17, 2015 11:14 PM

Upvote

Rainmaker
962,707

Sham Reddy CRS

Howard Hanna RE Services, Dayton, OH - Dayton, OH

CRS

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

Mar 17, 2015 08:34 PM

Upvote

Rainmaker
539,848

Jerry Lucas

ABC Legal Docs LLC - Colorado Springs, CO

Notary Training, Consulting. Colorado Springs, CO

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.

Mar 17, 2015 03:05 PM

Upvote

Ambassador
3,767,618

Patricia Kennedy

RLAH@properties - Washington, DC

Home in the Capital

I read this one and scratched my head. Our lots are typically under 3000 square feet.

Mar 17, 2015 02:43 PM

Upvote

Rainmaker
1,153,799

Kevin J. May

Florida Supreme Realty - Hobe Sound, FL

Serving the Treasure & Paradise Coasts of Florida

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.

Mar 17, 2015 08:28 AM

Upvote

Rainmaker
3,988,194

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

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.

Mar 17, 2015 07:31 AM

Upvote

Rainmaker
582,156

Eric Kodner

Madeline Island Realty - La Pointe, WI

CRS, Madeline Island Realty, LaPointe, WI 54850 -

If the property is a large parcel and the subdivision will create more than one marketable parcel, the answer is often yes.

Mar 17, 2015 04:38 AM

Upvote

Rainmaker
864,758

Les & Sarah Oswald

Realty One Group - Eastvale, CA

Broker, Realtor and Investor

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.

Mar 17, 2015 02:45 AM

Upvote

Back to Top

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
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.
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.
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.
Most sellers are not set up for this, however we do routinely do this with our investment properties.
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.
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
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.
I read this one and scratched my head. Our lots are typically under 3000 square feet.
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.
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.
If the property is a large parcel and the subdivision will create more than one marketable parcel, the answer is often yes.
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.