If you're looking to sell your land, one of the smart moves you can do is to subdivide it first. You can achieve this with the help of a land surveyor. After mapping, re-drawing plans, and getting approval from the lands office, they can process new titles for you in no time. Below, see just how influential this process can be at this time.
Get more value from your land
When you sell your land as one chunk, you only sell it to one buyer at a set price. Your returns are usually fixed because you don't have a lot of flexibility when it comes to pricing. However, when you sell your land as several different plots, you can fetch more revenue for a number of reasons. One, there are more people out there willing to buy plots. Two, you can price plots higher per square feet compared to large chunks of land. And thirdly, as your plots start to sell, you can increase the price to match the demand.
Allow budget buying
It may sound conflicting to talk about budget-buying and getting more value under one subject but it's not. Subdivided plots are smaller than entire chunks of land. As a result, they are more affordable to middle-class buyers. When you subdivide your land, therefore, you do allow budget buyers to afford it. At the end of the day, you do get more returns in your pocket but in the same stroke, you do provide people with cheaper land, comparatively.
Provide buyers with more purchasing options
Subdividing your land before selling also allows you to provide prospective buyers with more buying options in regards to land size and cost. This is because, when subdivided, buyers can take up as little or as much land as they want. They can buy just one plot, they can take up several plots or they can take up the entire land. This is more flexible compared with only having the option to buy one large piece of land or nothing at all.
Fasten the sale process
Even when you have your land intact, prospective buyers will still ask you to provide smaller buying options, i.e. to subdivide your land and sell them a piece of it. And if you can't get a buyer for the complete chunk, you will have to bow down to consumer demand and subdivide the land. The only difference is that you will keep the buyers waiting for long and some may flee. However, if you already have the land subdivided, the sale process is fast because all the titles are ready.
A land surveyor can talk you through the land division process. Consult one and learn about this process as well as the effects of doing so.
