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Updated over 9 years ago,
Land Development
Need some advice from the BP family.
I have a seller who has a property that sits on 2.6 acres of land. Land has the following features:
-has been perk tested
-seller owns easements that will allow sewer lines to be extended to new construction
-land- when subdivided- will allow for new construction of minimum of 9 properties
Problem- seller needs us to close in 6 weeks. County takes 30 days to review, then another 30 days to review any changes that they request our surveyor to make. All this after the time and $ needed for a surveyor to do a topography survey, draw up plans, etc.
In short, I recognize the due diligence needed in a deal like this. However, the seller has to move in 6 weeks time and needs the money to close on a new house (job transfer). Is there way to satisfy both aspects of this scenario?
Please advise and thank you.