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Selling land

How is land priced, and who buys it?

Step 5 of 5

What's different about closing on land?

The answer

There's no home inspection, but there is a final survey check, a title commitment, and any approvals the contract required. In Georgia the closing attorney prepares the deed, handles the funds and records the transfer. Confirm the legal description matches the survey exactly; that's where land closings go wrong.

Simpler than a house in some ways, and unforgiving about paperwork in others.

How long
Most people spend about a month here.

In Georgia

A Georgia closing attorney handles land closings and records the deed with the Clerk of Superior Court in the county where the land sits.

What to do0 of 5 done
  • How to: Legal description matches the survey

    Confirm the deed's legal description matches the survey

  • How to: Title clear

    Verify title is clear and the commitment is issued

  • How to: Contingencies satisfied in writing

    Confirm any contract contingencies are satisfied in writing

  • How to: Settlement statement reviewed

    Review the settlement statement before closing

  • How to: Deed recorded

    Confirm the deed is recorded after closing

Go deeper
What people wish they'd known
  • Not checking the legal description. Mismatches surface years later at the next sale.
  • Closing before contingencies are documented. Get releases in writing.
  • Assuming recording happens automatically. Confirm it.

From the Thrive team

  • Ask a tax advisor about the gain before closing. Long-held land can carry a large capital gain, and a 1031 exchange may apply if you're reinvesting.

That's the whole path.

Keep it, and come back any time. If something here doesn't fit your situation, ask one of us.

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

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