One of the first things you might want to do is visit your town hall offices to determine what, if anything can be done with the land. There are considerations such as lot size minimums, setbacks, wetlands etc. that will play a key role.

If you cannot build on it, you may speak with neighbors to determine their interest in expanding their own property.

If you are able to build, speak with a Realtor (Broker) that has a lot of experience with new homes construction. They usually have a number of developers looking for land. If the parcel is large enough, the new homes division of the brokerage may be able to put builders together with financing.

Good luck!

Hi Margarette:
Talk to family and friends who have sold land in your area. See who they hired to represent them. It is important to find a person you trust to guide you through this process. I don't know where you are in terms of "zoning" etc. But this will be important information and you should have all the particulars at your fingertips.

You should also contact your local city government and find out any future plans for your area - believe me your buyer will be looking into it. If there is future growth or if residential will be rezoned to commercial in the near future your asking price should reflect this.

Again, contact someone who understands "land" sales - and much luck to you in your endeavors!

You would need to get in contact with an expert Realtor in the location of the property. This Realtor should provide you with current market value of the land. This can be done through a CMA (Comparative Market Analysis).

Let me know if I could be of help.

Margarette,
If it is a residential lot, where similar sized lots and/acreage are commonly used for single family residences (whether that's 100 ft x 150 ft, one acre, five acres, etc.) a local residential REALTOR will serve you needs just fine. However, if if is a larger parcel, where zoning would permit the parcel be divided into smaller pieces--each suitable for a single family home--you should really consult a REALTOR associated with the REALTORs Land Institute (RLI). This would also apply to any land which is not considered "residential" (such as a farm, a recreational tract, etc.--anything not considered common in your area for a single family home) or is prime for development (possibly into a subdivision, etc.). The size/acreage of your parcel is less important than its best possible use when choosing which type of REALTOR to represent you. Deborah posted a link to the RLI branch in Texas, this should provide you with some great general information. The REALTORs Land Institute is a small highly specialized group, with extensive training (I'm working on my RLI certification as an Accredited Land Consultant--it will take years!): they are recognized/certified by the National Association of REALTORs (NAR). They are so small and specialized that many well educated residential REALTORs are not aware of them; so don't be alarmed if a local agent asks "What's RLI?"... I've added a direct link to the Texas RLI members (in the "Web References" line). I hope that helps! Please re-post with specifics if you need more information. Best of luck!

Hi Margarette,
Talk to Proxibid company. They do a lot of land auctions, both live (nationwide) and on-line. You can find information about them on http://www.proxibid.com. Good luck,

Regards,
Artur

Hire a Realtor who understands your areas zoning laws. Every area is different in this respect and enviromental protection understanding is crucial as well. Likely there is a good Keller Williams agent in your area who is expert in this and has the network with builders to market it. I can do some research for the right agent and interview them for you if you would like. Just write me at vmll@kw.com.

Land might indicate a single building lot, or it might represent several hundred acres. Depending upon the size of the parcel, you might want a land specialist. If you have a single lot to sell in a residential neighborhood, contact a residential specialist in your area.

Check out Realtor Land Institute for land specialists. The link is for the Texas chapter.

Hi Margaret,

You should talk to a local Realtor in your area and hire them to market this and coordinate the sale for you. Make sure you hire one that specializes in land, as they will have a contact list and rapport with potentially interested builders and developers. Best of Luck to you!

Melissa Mancini, Realtor, CBR, GRI