Frequently Asked Questions
What does infill development mean?
Infill development is a term that refers to building on unused and/or underutilized land, typically in urban areas, within existing development patterns.
Who does Wilcynski Partners represent in the process?
Our team has an agency relationship with the builder/buyer in the transaction.
Can I have my own agent representation?
Absolutely. If you would like to retain your own representation, we are more than happy to work with you through them.
How is the offer price determined?
Our builder clients generally consider two primary factors when determining an offer price – market value based on sales of comparable properties and the potential value of the “highest and best use” development approach. Other factors that will influence the price they are willing to pay for a specific property include the zoning, lot size, site complexity, permitting timelines, current market conditions, and more. Lastly, the desired closing timeline can have a measurable impact on the price.
How long does it take for my sale to close?
The closing timeline can be tailored to meet your needs and objectives! Our builder clients can close very quickly if needed, or we can structure a deal that doesn’t close for a year or more – or anywhere in between. The closing timeline is a key factor that will be considered when determining an offer price for your property.
Do I have to pay real estate brokerage compensation if selling “off market”?
Compensation for our team and the work that we do is paid for by our builder clients on unlisted sales. If your property is unlisted and you choose to bring in your own agent representation, how that broker is compensated is between you and your agent.
When will I get my proceeds?
Your net proceeds from the sale are yours as soon as title is transferred and closing numbers are received by the escrow company. Oftentimes due to the timing of receiving the final recording numbers and wire transfer cutoff times, your proceeds will arrive in your bank account the next business day.