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Selling land

How is land priced, and who buys it?

Step 1 of 5

How is land priced, and what is mine worth?

The answer

Land is valued by what can be done with it: zoning, road access, utilities, soil that will pass a perc test for septic, and how much of it is usable. Houses have comparables next door; land often doesn't, so get an appraisal from someone who specializes in land and check the zoning yourself before you believe any number.

Land sells more slowly than houses. Months on the market is normal, not a warning sign.

How long
Most people spend about 2 weeks here.

In Georgia

Perc tests in Georgia are handled through the county environmental health office; a passing test for a septic system is often the difference between a buildable lot and acreage.

What to do0 of 5 done
  • How to: Know the zoning

    Confirm the zoning and permitted uses with the county

  • How to: Know access, utilities and soil status

    Note access, utilities, and whether a perc test has been done

  • How to: Land appraisal done

    Get an appraisal from a land specialist

  • How to: Reviewed land comparables

    Look at recent land sales, not home sales, for comparables

  • How to: Decided one parcel vs. dividing

    Decide whether to sell as one parcel or explore dividing it

Go deeper
What people wish they'd known
  • Pricing from a neighbor's house sale. Land comps are their own category.
  • Assuming the zoning allows what a buyer would want. Confirm it in writing.
  • Ignoring wetlands, floodplain or steep slopes. Unusable acres don't carry full value.

From the Thrive team

  • A perc test and a recent survey are the two documents buyers ask for first. Having them ready can shorten the sale by months.
The next thing people ask

What do I need to clean up before it can sell?

Go to step 2

Questions you'll probably have

Questions about your situation?

Elliott or Ashley will answer, usually within one business day. No pressure, no pitch.

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