Use Options to Control Properties for More Profitable Uses
When you buy an option on a property with the intention of applying to have it rezoned for a more profitable use, you must be certain to obtain the optionor ’s written approval, allowing you to represent him or her before the government agencies that regulate the rezoning process in your city or county. In [...]
Before I ever approach an owner about buying an option on a property that would increase in value if it could be rezoned to a more profitable use, I first research the property to determine if it can be rezoned. The quickest way that I know to determine if a potential option property can be [...]
When it comes to selecting properties for rezoning, I am a firm believer in taking the path of least resistance. This is why I buy options only on properties that can be relatively easy to rezone to more profitable uses, that is, properties that are well below the public radar screen and not located close [...]
In addition to knowing the mechanics of the rezoning process in your area, you must also know who the anti-rezoning zealots are in your area. In virtually every hamlet, village, town, city, and county across America, there is at least one antirezoning zealot, who automatically opposes all rezoning changes out of hand. And the rezoning [...]
In most jurisdictions, a rezoning application package must include the following items: 1. Completed and signed rezoning application. 2. Street address of property. 3. Legal description for property. 4. List of surrounding property owners located within a specific radius of the property. 5. Written statement explaining why the change of the property’s land use classification [...]
In most jurisdictions, rezoning is a quasi-legal process that requires the approval of locally elected officials, such as town council members, city council members, aldermen, and county commissioners or supervisors. And this is why often rezoning requests can become highly politicized. Most planning and zoning committees, commissions, and boards are composed of a chairperson, who [...]
Land use and zoning professionals generally define the term rezoning as: “The act of changing the zoning or land use classification of a parcel of land to permit the property to be used for another purpose.”