If you’re in the market to buy land for your business, you’ll want to consider a few factors. The most important factor is location, which is usually defined by how close the land is to the city or town where you plan on establishing your business. In addition, you’ll want to make sure that the land has easy access to public roads and utilities. Another factor is whether the land is improved or unimproved. An improved lot has water, sewer, electricity and cable hookups already installed; an unimproved lot is one that hasn’t yet been developed.
The final factor is vision. Vision is the ability to recognize a need or dislocation in the market, and then seek out ways to fill that need or remedy that dislocation. Some people naturally possess vision, while others develop it through education and experience.
Land acquisition by companies for cash is a form of corporate real estate investment that allows private investors to purchase land at a fraction of the retail price. The land is then used for a variety of purposes, including constructing industrial parks and residential neighborhoods. In some cases, the land is sold to government entities for use in projects such as airports, highways and railroads. In other cases, the land is sold to a real estate developer, who then sells the land back to individuals for residential development.
There are several different types of financing available to land buyers, depending on their intended uses for the property. Some lenders offer land acquisition loans, which are specifically designed to help investors purchase undeveloped land and develop it later. Other financing options include construction loans and permanent financing from banks and credit unions.
When a case involving the acquisition of land by eminent domain is initiated, it should be sent directly to a United States Attorney’s Office, via email, for initial review and assignment. Once a case is assigned, the assigned Attorney should be promptly informed by email of all major steps in the case, including the entry of scheduling orders and the dates of all trials and hearings. The Attorney should promptly respond to any suggestions that are made by the Land Acquisition Section and work cooperatively in the reasonable implementation of those suggestions.
In some cases, the United States Attorney may determine that a trial by jury or commission is unnecessary or not in the interests of justice. In such cases, a demand for a trial by jury should be endorsed upon the complaint in condemnation (see ENRD Resource Manual at 24 or 25) and notice of the demand should also be included in the notice of condemnation. In other cases, the United States Attorney should make a written request to the court to authorize the use of a commission. The request should contain the facts justifying the use of a commission in the particular case.