What a feasibility report does for your listing
Selling an undeveloped property? A feasibility study is a powerful tool in identifying and attracting the right buyer.
A feasibility report is a detailed assessment evaluating options, permit pathway and potential success of a proposed project or development. It includes a look at the zoning regulations and density, environmental constraints, utilities, access, and design requirements. The goal is to determine whether the land can be developed as you envision. By analyzing these aspects, the study provides a clear understanding of what can realistically be built on the site.
As a seller, you could let potential buyers do this work on their own. But having a feasibility report ready to go will save you time and help get your property under contract more quickly. Why? It gives prospective buyers a clear picture of the property’s potential, reduces uncertainty and risk, and consequently increases buyer confidence. And frankly, it means you as the seller or seller’s agent aren’t stuck with a question you can’t answer.
Are there wetlands on the property?
If I take this out of forest designation to build a house will I owe back taxes?
How will I get water on site?
A feasibility report helps you market the property more effectively, demonstrates due diligence, provides you with data, and can expedite negotiations.