Ask yourself “can I subdivide my land/ block?”
Subdivision can be a fantastic way of maximising the value of your land. However, not all blocks are suitable for it. Click here to find out more about how we can help you learn more about subdividing your land/block.
Are lot & land buyers very different from homebuyers?
These two markets have very different needs, desires and perspectives. Individuals or developers in the market are looking for the right land in the right location. They’re looking for an opportunity that they can customise to fit their needs.
Should I adapt my sales technique?
Definitely! When you’re selling a home, buyers can visualise themselves living in and falling in love with the property you have on the market. When you’re selling land, you have to work a bit harder to help them to visualise the potential of the land that you have on the market.
Do I need to be patient?
Yes. The market for land is often a lot less active than it is for property, so patience is required. The right buyer who will purchase your land for the right price may well be out there, it just might take them a bit longer to find you. Don’t get frustrated and think “I’ll never sell my land!”.
Should I get land sale specialist on my side?
Because the market for land is a lot different to that for homes, it’s advisable to get a land sale specialist on your side to help you make the right decisions. Get in touch with us if you’re looking for advice in this area.
What should I consider when purchasing land?
There are a whole host of things to consider when buying land, and they’ll be different for everyone depending on your circumstances. That being said, there are a few general factors that you should always take into consideration:
- Location are you close to what’s important to you and how will the location affect the resale value.
- Zoning do your homework and make sure it’s zoned as residential before you purchase.
- Space is the land big enough for you both now and into the future?
- Orientation believe it or not, this can have a big impact upon the comfort levels and energy usage of your home.
- Utilities ask you developer when the land will be connected to utilities and allow for connection costs in your budget.
How much does it cost to buy land with Land4Sale?
We have a wide range of properties available that vary in price. Check them out here to find out more.
How much is stamp duty for land in WA?
This depends on the value of the land being sold. It can be as low as 2% or as large as 25%. Get in touch
with us and we can help you calculate the exact figure.
What happens on settlement day?
This is the day that you assume legal ownership of your land. A date agreed upon by both parties, it involves your settlement agent and your lender meeting the seller’s representatives to sign the final documents of the sale.
Can settlement be delayed?
Yes, unfortunately there are circumstances that can lead to the settlement date being delayed. Errors in the sale documents, issues with final inspections or financing issues can all lead to the official settlement date being pushed back.
Either party - the seller or the buyer - can also ask for a delay in settlement. This is largely dependent upon the other party agreeing to this.
How long does it take to purchase land?
There is not set amount of time, and it depends upon the land in question and your circumstances (financing etc). At the very least it will take a number of weeks to draw up the contracts and get everything in place, but we can help make the process as quick, easy and efficient as possible for you.
When can I start building on my land after purchase?
This depends on the location of your property and the type of house you want to build. Obtaining planning permission from the local council is necessary, and each council has its own procedures and timeframes. It can be a matter of weeks and sometimes even months, so it pays to be patient and factor this into your plans.
How much does it cost to buy land with Land4Sale?
We have a wide range of properties available that vary in price. Check them out here
to find out more.
Is Location or cost more important?
When you’re looking for land for sale, it can be tempting just to buy cheap land and spend more on building your home. However, you need to factor in your lifestyle and how it will be impacted by the location of the land you buy. Buying land in a location with higher demand may be more expensive, but could be the right call for you.
Should I consider the surrounding homes?
When you want to buy land, make sure you take into consideration the location and quality of the surrounding homes, as these will have a big impact on what sort of home you’re able to build.
What are you planning to build?
It’s always advisable to have an idea of the kind of home you want to build so that you’re able to choose a lot with the shape and size to accommodate your house plan and provide you with sufficient room for the features you want to include (such as alfresco areas, a pool or a shed/workshop).
How do I find the right kind of vacant land for sale near me?
while there are a range of different ways to find land for sale, engaging a real estate agent that specialises in land sales (and has a large portfolio) to choose from is a great way to make the process as efficient as possible. Get in touch with us today to find out how we can help and provide you with a large range of options to suit your specific needs.
Do I need to be aware of easements & impediments?
Before you buy land, you need to be aware of any easements or other impediments that may affect the building of your home. We can assist you with understanding the factors you are required to consider before purchasing land in Perth
Do I need to ensure there is access to services?
When you buy land (and especially when you buy cheap land), it’s vital that it has access to all of the services that you deem necessary. Blocks in the country - or in remote areas - may not have access to the same services as those in the metropolitan area.
What can happen to the buyer if they delay the settlement date?
If the settlement is delayed due to an error on the buyers behalf, the following can happen:
- The seller can charge penalty interest (the amount will have been detailed in the contract).
- The can keep the deposit and cancel the sale.
- The can issue a Notice to Complete (a legal order that compels the buyer to seller buy a certain date after which the seller may be able to terminate the contract, keep the deposit and even sue the buyer for additional damages).
What is my land worth?
Looking to sell your land soon? Get in touch with us and we can help determine its market value and guide you through the sales process.
What is the current & projected growth rate of land in Perth?
When you’re investing in land, it’s vital to know what kind of return you can expect. Find out what the growth rate has been for the region/area you are thinking of buying in, and also what the projected growth rate is.
What is the projected time period of your investment?
When buying land for an investment, it’s important to know how long you plan to hold the block before on-selling, and what your purchase and on-sale costs are likely to be.
What purpose will the land serve?
Are you just investing in land, or do you plan to build on it? If so, will it be for on-sale or rental? These types of decisions will impact your capital outlay, likely returns and costs associated with each different scenario.
What are the capital gains tax implications?
When buying land for investment, it’s always wise to know what the capital gains tax implications will be on your personal finances. Getting professional help to work out exactly what this will be is advisable.