If you own or have recently inherited vacant land in Illinois and want to sell it, there are specific legal considerations you should keep in mind. In some ways, the process is the same as it is for selling developed property. However, there are unique issues such as zoning and land use that you should keep in mind when selling vacant land in Illinois. A Yorkville, IL real estate attorney can provide legal advice for your vacant land sale.
Check Zoning Regulations
The zoning regulations affecting your vacant land will have a significant effect on how the land may be developed after sale (whether as residential, commercial, industrial, or a mix). Consequently, zoning may affect the type of buyer that will be interested in the land. Understanding the zoning requirements for the land can also help you accurately value it.