Ever thought, “Can I sell part of my property?” or “How do I split my property without a headache?” If you’ve got extra land you don’t need, selling part of it can be a smart move. But splitting property involves some steps you’ll need to follow to keep everything legal and stress-free. Let’s break it down step by step!
Can You Really Sell Half Your Property?
Yes, you can! Selling a portion of your land is called a lot split or property subdivision. But before you start putting up a “For Sale” sign, there are a few things you need to know:
- Zoning Rules: Your area might have restrictions on minimum lot sizes.
- Survey Requirements: A professional surveyor will map out the split.
- Permits: Local authorities often require permits for land subdivision.
Steps to Split and Sell Your Land
1. Check Zoning and Local Regulations
- Visit your city or county’s planning office to understand the rules.
- Confirm that your property meets the requirements for splitting, like lot size or intended use.
2. Hire a Surveyor
- A licensed surveyor will divide the land and mark new boundaries.
- They’ll also create a map (called a plat) that shows how the property will be divided.
3. Get Necessary Approvals
- Submit the plat to your local government for approval.
- Be prepared for inspections or fees, as some areas have strict processes.
4. Update Your Title and Deed
- Once approved, you’ll need to update the property’s legal documents.
- This ensures each new piece of land has its own title and deed.
5. Market and Sell the Land
- Take clear photos of the portion you’re selling.
- Highlight the property’s best features, like location, size, or nearby amenities.
- Work with a professional buyer like Cash4Owner to avoid delays and hassles.
Why Split and Sell Your Property?
Here are some reasons people split their property:
- Extra Income: Sell unused land for cash while keeping the part you need.
- Attract Buyers: Smaller lots are often more affordable, bringing in more interested buyers.
- Maximize Value: Dividing land into smaller parcels can sometimes increase its overall value.
Challenges to Watch Out For
While splitting land is doable, it can come with a few bumps:
- Approval Delays: Government processes can take time.
- Cost of Surveys and Permits: These expenses can add up.
- Access Issues: Ensure the new lot has proper access roads or easements.
How Cash4Owner Makes It Easy
At Cash4Owner, we simplify selling part of your property. Here’s why you should work with us:
- We buy land in all 50 states—no matter its condition or size.
- Our team understands zoning laws and can guide you through the process.
- You’ll get a fair, cash offer without waiting around for months.
Thinking about selling? Call us today at 312-313-6600 or email hello@cash4owner.com for a free consultation.
