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FAQs: Selling Your Land with CARR PROPERTY
Thinking of selling your land? At CARR PROPERTY, we specialise in unlocking hidden potential.
Here are answers to the most common questions we get from landowners like you.
About the Option Agreement
What is an option agreement?
An Option Agreement is a legally binding contract between you and us. It gives us the exclusive right (but not the obligation) to purchase your land within an agreed timeframe, usually once planning permission is secured.
How long does the agreement last?
Typically, the agreement lasts 12 months, with a possible 6-month extension if needed—for example, if we need to resubmit a planning application.
Can the deal be done in under 12 months?
Yes. If everything progresses smoothly, we may be ready much sooner. Our goal is to move efficiently and keep you informed at every step.
Can I add my own conditions before signing?
Yes, you’ll be able to review the agreement in full and propose any conditions you’d like us to consider. Your solicitor will also advise.
Do I need a solicitor?
Yes. You’ll need a solicitor with experience in land sales and Option Agreements. We can recommend trusted professionals if needed—and we cover your legal fees up to £2,500 + VAT.
The Offer & Legal Process
Will the offer price be agreed before signing?
Absolutely. We agree the final sale price before entering into the Option Agreement, and it’s written into the contract.
Can the offer price change later?
No. Once agreed, it’s fixed. No last-minute haggling.
Can you offer a cash purchase?
In most cases, we do not offer cash purchases. Option Agreements allow us to manage the planning process and share in the uplift together.
How long does it take to sign the agreement?
From initial discussions to signed agreement, it could take as little as 4 weeks—or longer if the scheme is complex. We’ll guide the process and keep you informed.
Will there be a lot of paperwork?
There’s some, but we make it easy. Your solicitor will help you review the Option Agreement and supporting forms like the TA6 Property Information Form.
How much will I have to pay?
Nothing. We cover your legal costs (up to £2,500 + VAT), the planning application, and all associated fees.
Planning & Access
When will you submit the planning application?
We aim to submit the application within 4 months of signing the Option Agreement.
How long will the council take to decide?
Usually 12 to 16 weeks, though this can vary depending on the local authority.
Will you need access to my land?
Yes, for surveys such as ecology, topographical, and soil testing. We’ll always give at least 48 hours’ notice and schedule visits around your availability.
Do I need my mortgage lender's permission?
Yes—especially if you're selling part of your land. If you're unsure, we recommend contacting your lender early in the process.
The Outcome
When will you sell the land to a developer?
We’ll start speaking with developers during the planning stage and aim to secure a buyer as soon as planning is approved.
If I'm only selling part of my land, when will the titles be split?
Title splitting happens at the final point of sale.
Will this affect the value of my remaining property?
It depends on the plot, but in many cases, obtaining planning adds value. We’ll advise you based on your specific site.
If I need to move out, will there be time?
Yes. We’ll agree terms that allow you time to relocate, if needed, after the sale.
What if you get planning but can't sell the land?
You retain ownership—now with planning permission in place. That means you’re free to sell or develop independently.
Tax & Experience
Will I need to pay Capital Gains Tax (CGT)?
It depends on your circumstances. If the land is part of your main residence and meets HMRC’s conditions, you may be exempt. We always recommend getting advice from a CGT specialist.
What experience does CARR PROPERTY have?
We work with a network of expert planners, architects, and legal professionals. Our team has over 10 years’ experience delivering successful planning gains and land sales. We’d be happy to show you examples.
Still have questions?
Get in touch for a no-pressure, no-obligation chat.
We’re here to help you understand your options and unlock your land’s true value.