Often a developer has a set formula which outlines their expectations for an independent broker in regards to quickly analyzing the viability and value of a land assembly. This includes a comprehensive spreadsheet of data on the properties. What bolsters the raw data is a presentation of the work that you've done on that specific assembly.
Part 1 - DATA
Prospecting a land assembly can be time consuming and involve a lot of manual data creation. Fortunately, AUTOPROP can do most of that for you. Site Finder was designed for land assembly, can make you real estate smart and help you prospect properties that are primed for land assembly.
When it comes to finding a site, developers will pay top dollar for sites that are in an area of densification designated by the municipality. To find these areas you'll need to utilize the OCP, NCP, and Local Area Plans of a municipality. Learn more about how to do this by clicking here:
The data and spreadsheet you generate via AUTOPROP can then be sent to a developer for their consideration.
Part 2 - PRESENTING YOUR WORK
As well as seeing the raw data on an assembly, a developer wants to see what progress you've made on a set of properties. Some info that's helpful to them is which properties you have an exclusive listing on, and which owners have indicated they want to sell. These details, combined with the raw data, provide an even clearer picture of what the developer is dealing with.
To help present this information, we'll first make a new column of data in our assembly .csv file (Microsoft Excel file) then import it into iBOMB. Your column could be called "Exclusive Listing" or "Notes" or "Owner Response". Basically, title it whatever it is you want to record about a property. Next, enter the details for each property:
Once complete, save and then import the .csv into iBOMB. To do this, first open up iBOMB by clicking "Apps", and then "iBOMB":
Next, import the .csv file using the "Choose File" button under the import .csv/.xlsx title:
From there, choose the spreadsheet you saved your changes to. After selecting the right spreadsheet, you will need to confirm a few settings to map all properties correctly. Using the PID (Property ID Number) is the best way to map properties. To do this, turn the PID locator to "ON", then select the column in your .csv that contains PIDs. It will also ask for a column of data to be used as a title. I usually use "Civic Address".
Your properties will now be placed on the map. The last step is to translate your progress on the assembly to the developer. For this we can colour code data on your properties using "Marker Groups". To indicate which properties you have an exclusive listing on:
Click "Marker Groups"
Activate the grouping column drop down menu.
Choose "Exclusive Listing" as your grouping column
Choose the colour you want each group to be
Click "Save Changes"
Now you can save the assembly and whatever bubbles you want displayed by clicking "Print" on the left side of the iBOMB screen. You can print a hard copy or save it as a pdf and email it to an acquisitions manager.
Happy hunting and good luck!
The AUTOPROP Team