Problem finding developers for land deals

[William Cohen]

Hi everyone, I currently have under contract 8 lots ready for development in East Point, GA, but I’m finding it difficult to find buyers. I was told that these type of deals best suit a developer or GC, however I’m finding it difficult to find developers or investors for land. If anyone has any tips on finding developers I would greatly appreciate it. 

[Bear Geiger]

Hi William, are you a realtor who is contracted to sell these lots? If so you may want to work with a custom builder to bundle a lot with a house plan for a given price and try to obtain a presale contrate. (In the simplest of terms, a presale home is one that's for sale that hasn't been built yet).

The answer above also depends on how much work these lots need. Let me ask a few questions.

1. Are these lots in a subdivision?
2. City or rural
3. Is water and sewar nearby, or will they need well and septic?
4. Can these lots be accessed from a public road with just a driveway or will they need to have a road put built?