Hi this is Steve Rowe, a broker for Allison James estates and homes. What I'm going to talk about today is the topic of listing and selling vacant land. Know a little about introduction because for some of you, you may look at this and say “I'm not interested here. I don't list or sell vacant land. It's not something I know anything about.” But I want you to understand that there are experts in particular areas of land sales. Obviously, there are specific people who specialize in ranch type lands, equestrian properties, agricultural properties, and commercial properties. However, the piece I'm talking about primarily are the smaller parcels that are usually purchased for the intent of putting a house on it. A residential property, somebody wanting to build their dream home. It may be some small commercial properties that have specific uses, but you know the reality is, in those areas, there aren't an awful lot of experts between 2006 and 2012. There were very few of these parcels that were even sold. A lot of them are listed, but they stayed on the market for years because it just didn't pencil out when the values of homes had gone down to the point where you couldn't build your home on a piece of land and be able to come out ahead. So, really, it's just in these last several years, maybe six years or so, that we've seen an increase in land sales. Those who are, frankly, the most experienced at it may only do two or three of these a year. So, it's not a market that it is something to be afraid of- but it is something that you want to be aware of, and something you want to be involved in if you're going to...
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How to prepare Wisconsin Vacant Land Disclosure Report
About Wisconsin Vacant Land Disclosure Report
The Wisconsin Vacant Land Disclosure Report is a document that must be completed by the seller of vacant land in Wisconsin to disclose any relevant information regarding the property to potential buyers. This report is required by state law and aims to protect both buyers and sellers from any potential disputes or issues that may arise in the future. The report must include information about the property's zoning, title, easements, utilities, natural hazards, and any other relevant factors that may affect the buyer's decision to purchase the land. The seller is also required to disclose any known defects, such as environmental contamination or soil instability, that may affect the value or the use of the land. Anyone who is selling vacant land in Wisconsin is required to provide a Vacant Land Disclosure Report to the buyer before the sale is finalized. Buyers should carefully review the report and seek professional advice if they have any questions or concerns. The report provides both parties with a clear understanding of the property's condition and can help prevent potential legal disputes in the future.
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