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What You Should Know Before Buying Land for Development!
c Richard Weisser dba Coweta Fayette Real Estate, Inc.


Richard Weisser
dba Coweta Fayette Real Estate, Inc.
realty professionals
1200 Commerce Drive
Suite 110
Peachtree City, Georgia 30269
770-827-6225 (Office)
770-827-6225 (Home Office)
770-827-6225 (Cell)
richard@cowetafayetterealestate.com
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Purchasing and developing Raw Land is a method used by many to multiply the values of their real estate holding in the shortest possible time frame.  Although this area of real estate investing can be very lucrative, there are many pitfalls that you should try to avoid. Shopping for the lowest price per acre can have most devastating effect on your plans, as it is the yield of usable land that matters the most. Here are some helpful tips when purchasing raw land:

  • Know the total amount of money required to purchase your property.  The selling price or contract price is only a part of real property acquisition.  Once a sale price is agreed upon, you will have expenditures required to determine the suitability of the land for development, and the yield of  lots or commercial pads after development. In most cases, the offer is conditioned upon an agreed to yield of potential lots.  You may want to speak to your Realtor about purchasing an option to purchase the land. He or she can explain all of the details. Here are some items you can expect to pay, but this list is by no means all inclusive:
    • Property Surveys
    • Environmental impact studies
    • Local, State and Federal permits, regulations and requirements
    • Engineering services for platting and utilities
    • Cost studies for actual development
    • Soil tests for septic systems
    • Old grave location
  • Once you know the potential yield, you need to determine the actual cost of development.  These expenses include but are not limited to:
    • Tree removal
    • Grading and clearing
    • Installation of streets including ingress and egress to existing roads
    • Installation of all utilities, gas, electricity, water, sewer, telephone, cable etc.
    • Traffic control devices and signage
    • Development of common areas such as parks or wetlands
  • You must be aware of these potential problems (and more) that affect yield before you make your offer:
    • Buried toxic or non-toxic waste
    • Old wells and septic systems
    • Cemeteries or old graveyards
    • Underground pipelines
    • Overhead electric transmission lines
    • Areas in the 100 year flood plain
    • Large percentage of underground rocks or boulders
    • Government or utility moratoriums on development

    For more information fill out the form below!

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  Select the number of acres!

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Disclaimer: "Richard Weisser, Auctioneer" is NOT affiliated with Better Homes and Gardens Real Estate Metro Brokers. Coweta Fayette Real Estate is an information service. "Richard Weisser Auctioneer" is a Georgia licensed auctioneer and is NOT a licensed real estate broker. Richard Weisser Realty is a Georgia licensed real estate broker.

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Disclaimer: This site is NOT intended to serve a solicitation for the purchase of securities or investments. It is specifically an informational source about Georgia Real Estate and is intended for Georgia residents and those relocating to the area and are seeking to purchase real estate. All offers of listed property are subject to applicable Georgia Law & the rules and regulations of the Georgia Real Estate Commission. All users of this site outside of the state of Georgia should consult with an attorney and a CPA before purchasing real estate as an investment in Georgia.

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IMPORTANT NOTICE  Better Homes and Gardens Real Estate Metro Brokers, Coweta Fayette Real Estate, and Richard Weisser are not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. "If you stop paying your mortgage, you could lose your home and damage your credit rating"]

Important Notice: Richard Weisser, Coweta Fayette Real Estate Inc. and Better Homes and Gardens Real Estate Metro Brokers are NOT responsible for information posted by third parties on IDX feeds. IDX feeds are generated by listing agents on the listing service and delivered via frame to this website. By using the IDX search feature on this website you agree that the sole responsibility for any information, disinformation, errors, omissions and violations belongs to the individual that created the information and you agree to hold harmless all other parties.