All Forum Posts by: Zachary Cook

NOTE: I found in one of the counties I'm going to be active in this following note:

3.6 FINAL PLAT REQUIREMENTS AND PROCEDURES
A) The Final Plat is a legal document defining the physical configuration and rules governing development
and operation of a Subdivision. The Final Plat shall be approved and recorded prior to the sale of any
subdivision lots, or commencement of

Would that mean they are just not able to close before the Final Plat is approved?

One thing I'm trying to understand before doing my first raw land development - subdivision deal is at what point in the process are you first allowed to sell the lots. That seems like it would be an important factor in understanding the entire timeline and your exit strategy - to know when it is you can sell the individual lots.

Specifically when is the earliest part in the process end consumers can put them under contract and if those clients have traditional financing would you typically need to have your final plat recorded before they can close?

For some context, I'm learning about land development preparing to do my first deal while I work a day job where my clients are purchasing lots from developers all the time. I sell new construction manufactured homes where very commonly they're purchasing it with land at the same time.

For example, see below two advertisements for newly subdivided land that typically marks when we start selling these to individual clients. Do you believe the land developers are putting these out at the preliminary plat approval stage?

That's what it looks like to me. Then if so, isn't there a chance that you don't get final plat approval and then what would happen then?

Thanks everyone for your help!! Its a lot of work preparing to properly do your first deal I'm trying to get a clear understanding of this process. 

@Jay Hinrichs wow you’re a big deal man! Thanks for answering my post I’m loving your podcast with them. Will be interesting to see how different things are executing down here in Texas, versus you guys up there in Oregon. Thanks again for answering my question. What an awesome forum 

@Shaun Lindley I’m just getting started going through their program, so I don’t have much insight yet. But it seems to be great so far. That post you shared was super interesting, my main take away is that these guys are legit, just had some struggles with their sales process and it left some sensitive people with a bad taste in their mouth. 

@Jay Hinrichs okay got it which I’m sure those things are critical for the typical style of doing a subdivision where the homes are close together. Thanks for the info!

I’m following a course by VestRight about land development and a lot of the course is focused on getting land outside city limits to be annexed by the city so it can then be developed. My question is why is it so important for development of a subdivision to have a property considered to be within the city limits?