Purchasing & Developing Land - Part 5 - Reselling It - Raw or Developed
Eppraisal
FEBRUARY 7, 2023
If the lot is zoned for commercial use, they do well to develop it as a retail space or other business, and later serving as the landlord. By contrast, a homebuilder acquires raw land to build on and sell when home values are high. A realtor sells houses -- yes, the land underneath and surrounding -- first and foremost.
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