We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
How do you value land for development??
Comments
-
Take advice on an overage agreement. I know of land on the market for £75k that has a 30 year agreement written into the contract. OK the current owner does want to protect current users but other bits they are selling that are ripe for development have similar conditions.If you've have not made a mistake, you've made nothing1
-
If the last valuation was 1.5 years ago then it would be sensible to update it anyway.1
-
When we were children, my father used to say 'one of you cuts the cake, and the other gets to choose which slice to take'.Likewise, I suppose that you could ask your Co executor to state the price, whilst you have the option of either buying him out at that price or selling your share to him at that price?Apart from that, I would suggest testing the market, to see what offers you get. The new Labour government has said that they are keen to see more building, including on some green belt areas, and this may mean that the planning potential of the land has increased considerably since the valuation was done 18 months ago.No reliance should be placed on the above! Absolutely none, do you hear?1
-
If you want a true market value and a quick sale put the lot into an auction.
You can spend a lot of time with 'tyre kickers' when selling development land.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.6K Banking & Borrowing
- 252.9K Reduce Debt & Boost Income
- 453.3K Spending & Discounts
- 243.5K Work, Benefits & Business
- 598.2K Mortgages, Homes & Bills
- 176.7K Life & Family
- 256.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards