Are you looking for development land for sale in Victoria? We can connect you with a Realtor on Vancouver Island. This real estate agent will provide you with a free consultation. We can also connect you with a real estate lawyer.
Clearway started as a law firm in the past. We then realized there were a lot of people getting bad advice from Realtors and lawyers. We then focused on becoming a “screening service” where we could find the best lawyers and Realtors. The public doesn’t pay us for our service. If any Realtor or real estate lawyer messes up, we kick them off our platform. If you want to see what we can do for you, fill out the form on the side of this page. It’s a great service that people enjoy using.
How do you get rich in a recession?
There is no simple answer to getting rich. Investing in property in a recession will not be any sort of getting rich quick scheme. As always, it is about seeing value where others do not and capitalizing on it when you see it. A recession may allow for the purchase of certain assets at a discount and if the new owner is able to reposition the asset, they may be able to turn the value of the property around quite quickly with some further capital investment.
What is the best way to sell land?
The best way to sell land will always be through a realtor. Not only will they give you the exposure required to get your property in to a multiple offer scenario. But they are also aware of different bidding processes and positioning strategies that can unlock value in your property, leading to a higher net sale price. A realtor will also save you a headache in terms of showing property, receiving offers with terms presentable for your lawyer, and conducting purchaser due diligence on the vendor’s behalf. A realtor is well versed in incorporating and adapting contractual terms to your benefit to ultimately get a deal done.
How do you get rich in real estate?
Getting rich in real estate is about building a portfolio and creating value over time. The simplest answer is to start getting advice early and learn what is achievable given your own personal scenario. Then you can set goals and learn for yourself which methods of value creation are most effective.
We can help you find Development Land For Sale in Victoria.
Vancouver Island Real Estate
How do I buy land with no money? | Development Land For Sale Victoria
N/A – need to put money down.
What can I do with a lot of land?
The permitted uses on any particular piece of land are dictated by the parcels Zoning designation within the respective municipality’s Zoning Bylaw. Future uses of land which may not directly correlate to uses currently practiced and/or permitted on the land but represent the communities proposed future uses; these are dictated by the Official Community Plan of the municipality in question. Some zones and land use designations only permit the growth of agriculture, others can be as comprehensive as laying the groundwork for master planned communities. Owners can also choose to rezone land to their desired uses, however, this a public process and community consultation is critical in order to have your rezoning approved.
What you can do with your land is also a function of the level of expertise and capital you have at your disposal. For example, a way of making some easy money off unused land is a land lease, which is common on agricultural or industrial land. Typically land leases are just used for yard storage, so it is a fairly common practice in rural and industrial areas. Before renting any land to anyone, however, it is essential that you consult both a legal and real estate professional as giving someone right to your land should not be taken lightly; particularly if you are not intimately acquainted with how your land can be used and by who. One of the highest risk ways to make land, which conversely requires the most expertise, is in property development.
How do I buy land to build a house?
The best way to buy land or any real estate will be through a realtor. The simplest explanation for that is access and expertise. If you have a good realtor and counsel, realistic pricing expectations, and enough money, you shouldn’t have to do anything more than set your criteria and sign documents. A realtor will be able to find you a building lot that can accommodate your needs based on the relevant land use documents. Before building you’ll also need to consult several other professionals including but not limited to contractors, city staff, and an accountant.
How do you price land? | Development Land For Sale Victoria
Land can be priced in several different ways based of the scale and type of property (Zoning and land use). A common and the simplest way is “price per square foot” or per square foot of land. Realtors look at other land that is similar to the parcel in question that has sold recently and apply a similar or adjusted price per square foot to the new parcel going up for sale and you get the saleable value – it should be mentioned that this may be different from “listing value” which is why its important to consult a realtor. A similar method would be “price per acre” which is obviously a metric used for larger sites.
Another example of land valuation would be “price per buildable square foot”, this method is typically used for commercial sites that permit large structures. The zone and land use designation will provide a Floor Space Ratio (FSR) which is effectively a multiplier that tells you how much building you can build on your land. A 2:1 FSR and a 1,000 square foot parcel let you build 2,000 square feet of building on your parcel. Similarly, realtors look at past sales and apply the appropriate adjusted rate to each of the parcels buildable square feet and you get the saleable value.
What makes land more valuable?
There are many things that increase the value you land: appreciation, up-zoning, development, subdivision. It is all a function of the activity in place or the potential activity to be conducted.
If you are looking for Development Land For Sale in Victoria, contact us. You can learn more about how Clearway can help you by seeing our videos.
FAQs | Development Land For Sale Victoria
What is the best city to immigrate to in Canada?
Canada is a very welcoming country. People will immigrate wherever economic opportunity exists.
What surprises people when they visit Victoria?
People often think they will get bored living on an Island, that could not be further from the truth. I have helped many people move here from major cities — with similar concerns — none of them could imagine living anymore else.
How can I verify a buyer is legit?
Normally you try and get a deposit from them as soon as possible.
Is Victoria BC a good place?
Yes, it’s one of the best cities in the world.
How does the ClearWay Law system work?
We will have a Realtor or real estate lawyer contact you depending on your needs.
How much does your services cost?
Our services are free for the public.