Real Estate Alliance

REAL ESTATE ALLIANCE’S REAL TIPS FOR SELLING LAND

National Property Group shares top tips

 

Following the groups most successful 12 month development land sales figures to date, national property group Real Estate Alliance has given us the inside story from their ‘seller’s guide to selling land’.�

Real Estate Alliance, Ireland’s leading group of auctioneers and estate agents, sold in excess of €550million* in development land sales in the last 12 months, an increase of approximately 25% on last years figures for the same period.� Real Estate Alliance also boasts a record land sale in Ireland with Lucan based agent McDonald Brothers Real Estate Alliance, selling 66 acres of mixed use commercial and residential land in Donacumper, Celbridge in Co Kildare for the record price of €77.6million.

�It�s obvious our members, and in turn their clients, have really benefited from our top tips on selling land which the group has been focusing on during the year�, said Eimer O�Keeffe, Chief Executive of Real Estate Alliance.�

�Our tips are designed to assist sellers to get the best possible price for their land and across the country our agents have really been following through on them.� It�s really paid off and I�m delighted the group can now celebrate a hugely successful year�; she continued.

Tip 1: The more services your land has access to, the more attractive it will be to developers.

Whether or not your land has access to services will be one of the main concerns for developers.� Roads, water, sewerage, electricity, gas, phone, and, most recently, broadband all play their part in determining what type of development your land is most suited for.� It’s worth investigating what services your land has access to now and what services it will have access to in the future.� Check your county development plan for details on proposed gas pipelines and broadband cabling.� Even the promise of future services can drive interest among developers.�

Tip 2: Check the zoning status of your land. You could be sitting on a gold mine!

Zoning of lands regularly changes.� As the population gets bigger spacious residential lands are rezoned fro high-density housing and farmlands are rezoned for residential and commercial property.� A simple visit to your planning office will tell you your zoning status.� When you know your zoning you’ll have a much better idea of the type of development suited to your land. Then you can target developers appropriately.�

Tip 3: County development plans are updated every 6 years. It’s your chance to apply for a zoning change. Don’t miss out!

Regulations state that county development plans must be updated every 6 years. So if your lands are not zoned in the current plan, this is your chance to have them changed.� There are no guarantees but an application to the planning authority is all it takes to have your case heard. And is your successful, the value of your property could increase dramatically.

Tip 4: Consider applying for planning permission before you sell. Your investment of extra time and energy could yield huge rewards.

If your land has an appropriate zoning why not plan the development yourself.� Whether it’s a simple house, an estate or a commercial property, the architect will help you with the plans; then it’s just matter of submitting a planning application. If permission is granted, the value of your land will increase. It also turns your raw land into a ready to go package, which can be sold to developers while you think about how you’ll invest your returns.

Tip 5: Ensure you’re not being penalized in tax for land you haven’t sold.

If your land has been rezoned for development and you are neither developing nor selling you could get landed with an unexpected tax bill. These government penalties are in force to encourage development. On the upside, if you are being penalised then it means your land is prime for development and you could be sitting on a windfall.

Tip 6: If you’re land is in an area of conservation make sure any development will be sympathetic to it.

Even if your land has been zoned and has all the necessary services, being near a conservation area can be a real headache for developers.� Whether it’s an ancient burial ground, a ruin or a nature reserve that’s nearby, it can make the whole planning process more challenging.

Real Estate Alliance agents nationwide are well equipped to advise you on selling land and can offer you more information on the tips outlined above. To receive your own copy of Real Estate Alliances Land Sellers Tips email info@realestatealliance.ie

 

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For further details or to receive a copy of Real Estate Alliances top tips for selling land please contact Kirsten Connolly, Plunkett Communications on 01 678 1460/ 087 3939 991 or email kirsten@plunkettcommunications.com

NOTE TO EDITORS Real Estate Alliance is a strategic marketing alliance comprising some of the country�s best-established auctioneers and estate agents.� Real Estate Alliance�s key focus is on locally-owned and established estate agents.� With one quarter of the alliance�s firms in business for more than a century, and with an existing IAVI president & five IAVI past presidents among the group�s members, the alliance is characterised by the established strength of its membership.� In addition, membership is only open to firms led by members of the Irish Auctioneers & Valuers Institute or the Society of Chartered Surveyors.� Clients of Real Estate Alliance members benefit from: Real Advice - Because member firms are locally-rooted and independently owned, they have first-hand market knowledge that ensures clients make only the best-informed real estate decisions. Real Commitment - Member firms are well established, leading local businesses built on delivering the best results for their clients. Real Service - Real Estate Alliance member firms have the detailed understanding of the local property issues facing clients to ensure that they provide a superior range of client services. Real Professionalism - As Ireland's highest-qualified property professionals, Real Estate Alliance sales staff are members of the IAVI or the SCS, the representative bodies for Ireland's top property professionals. Real Confidence - IAVI members complete far more property transactions than any other professional group. Real Estate Alliance member firms harness this transaction volume to seize opportunities and speed the transaction process for you. Real Coverage - With more than 400 professional staff in 40 offices located nationwide, Real Estate Alliance member firms can provide the best real estate advice locally and nationwide.

NOTE TO EDITORS

Real Estate Alliance is a strategic marketing alliance comprising some of the country�s best-established auctioneers and estate agents. Our key focus is on locally-owned and established estate agents. With one quarter of the alliance�s firms in business for more than a century, and with an existing IAVI president & five IAVI past presidents among the group�s members, the alliance is characterised by the established strength of its membership. In addition, membership is only open to firms led by members of the Irish Auctioneers & Valuers Institute or the Society of Chartered Surveyors.

Clients of REA members benefit from:

Real Advice

- Because member firms are locally-rooted and independently owned, they have first-hand market knowledge that ensures clients make only the best-informed real estate decisions.

Real Commitment

- Member firms are well established, leading local businesses built on delivering the best results for their clients.

Real Service

- Our member firms have the detailed understanding of the local property issues facing clients to ensure that they provide a superior range of client services.

Real Professionalism

- As Ireland\'s highest-qualified property professionals, REA sales staff are members of the IAVI or the SCS, the representative bodies for Ireland\'s top property professionals.

Real Confidence

- IAVI members complete far more property transactions than any other professional group. Our member firms harness this transaction volume to seize opportunities and speed the transaction process for you.

Real Coverage

- With more than 400 professional staff in 40 offices located nationwide, our member firms can provide the best real estate advice locally and nationwide.