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Dividing land

Can I split this, and what will it cost?

Step 6 of 6

What does each lot closing involve?

The answer

Each lot sale is its own closing: deed prepared from the recorded plat, title insurance, survey verification, funds disbursed and the deed recorded. In Georgia the closing attorney handles each one and records with the Clerk of Superior Court. Keep a ledger of every lot, buyer and price; your tax preparer will need it.

Repetitive, which is good. Systems make the tenth closing as smooth as the first.

How long
Most people spend about 6 months here.

In Georgia

Georgia deeds and plats are recorded with the Clerk of Superior Court in the county where the land lies; the closing attorney handles recording for each lot.

What to do0 of 5 done
  • How to: One attorney for all closings

    Use one closing attorney for consistency across lots

  • How to: Legal descriptions verified

    Verify each lot's legal description against the recorded plat

  • How to: Title and certificates provided

    Provide title insurance and the completion certificates

  • How to: Deeds recorded

    Record each deed promptly

  • How to: Ledger maintained

    Keep a sales ledger for taxes and accounting

Go deeper
What people wish they'd known
  • Delaying recording. Ownership isn't official until the deed is recorded.
  • Sloppy descriptions. Lot numbers and metes-and-bounds must match the plat exactly.
  • Losing track of sales. Taxes on a subdivision get complicated fast.

From the Thrive team

  • Ask your tax advisor how subdivision sales are treated before the first closing. Dealer versus investor status changes the tax.

That's the whole path.

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

Questions you'll probably have

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

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