How to Sell Land to Land Stewardship
1. Gather Important Documents
Deed and Title: Have proof of ownership and confirm the title is clean.
Zoning Information: If able, provide zoning details, permitted uses, and any restrictions.
Environmental Reports: If applicable, show the land is free from contamination or other environmental issues.
Utilities and Access Info: Share details about access to water, electricity, sewer, and roads.
Revenue Potential: If the land is income-producing (e.g., farmland or timber), share records of past earnings or estimates of potential ROI.
2. Sign a Purchase Agreement
Key Details: Include the agreed price, deposit amount, contingencies (e.g., inspections, financing), and closing date.
3. Allow Due Diligence
Inspections: We will likely conduct some tests that could include: surveys, soil testing, environmental studies, etc.
Be Transparent: Provide all necessary information about the land and answer any questions to avoid delays.
4. Finalize Sale with Title Company
Title company: We will have a title company in your area to handle the transaction but are also open to using a title company of your preference.
Fees: There are fees associated with closing but Land Stewardship typically pays all fees. Please verify on purchase agreement for your specific property.
Escrow Process: Use an escrow company to hold funds and documents until both parties meet their obligations.
Sign Documents: At closing, sign the deed and any other required paperwork to transfer ownership.
Seller Receive Payment: Once the transaction is finalized, the escrow company will release payment to you.