Get Your Fair No Obligation Cash Offer Now!
Owner, Green Tara Investments LLC
12. Land that is simply too much of a trek to travel out and deal with
Sellers who want quick turnaround
Almost none. We do all the work.
Nothing. Zero. We pay for research, title, closing.
High. We use our own money.
Less than a month
When you have time to wait and watch
Quite a bit. Chasing the agent, site visits, document review
Commission (6-12%), closing costs, and concessions
Medium. After weeks of contract, buyer financing may not happen
3-12 months, at times longer.
Patient sellers, those with knowhow
A lot. Marketing, site visits, negotiations, document review
2k to 5k. Title Insurance, Listing fees, Legal expenses
Low. Finding an eligible cash buyer is like finding a needle in a haystack
0.5 to 2 years. You are the resource, no external help
Farm, Forest, and Open Space Act Rollback Tax (R.I. Gen. Laws § 44-27-1 et seq.): Rhode Island’s Farm, Forest, and Open Space (FFOS) program assesses enrolled land based on current use value rather than development value. However, converting enrolled acreage or withdrawing from the program triggers a mandatory Land Use Change Tax (LUCT) equal to up to 10% of the fair market value of the land at the time of conversion, creating a substantial tax liability at closing if not negotiated in advance.
Coastal Resources Management Council & DEM Wetland Buffer Rules (R.I. Gen. Laws § 46-23-6 & § 2-1-18): Unimproved land in Rhode Island is strictly regulated by both the Department of Environmental Management (RIDEM) and the Coastal Resources Management Council (CRMC). Updated state freshwater wetland rules enforce buffer zones up to 200 feet, while CRMC coastal jurisdiction imposes strict shoreline setbacks, public access mandates, and coastal feature reviews that routinely restrict buildable lot footprints.
RIDEM OWTS Regulations & Advanced Nitrogen Reduction Mandates (250-RICR-150-10-6): RIDEM enforces strict Onsite Wastewater Treatment System (OWTS) rules. Dense glacial till soils, shallow bedrock, and high seasonal water tables across rural Rhode Island frequently fail standard septic tests. In addition, parcels within coastal watersheds or critical drinking water supply basins mandate specialized Innovative and Alternative (I&A) nitrogen-reducing systems ($20,000–$40,000+), causing buyers to cancel late in escrow.
High Municipal Carrying Costs & Local Home Rule Zoning Friction: Rhode Island has no county government; land use authority is decentralized across 39 independent municipalities. High effective local property tax rates, combined with strict rural zoning ordinances (such as 2- to 5-acre minimum lot size requirements in western towns like Foster or Exeter), impose high annual carrying costs and unpredictable municipal variance hurdles for un-entitled land.
Extended Days on Market & Financing Delays: Raw land and unimproved acreage across Rhode Island average 150 to 240+ days on the retail market. Traditional land buyers rely on specialized financing contingent on rigid bank appraisals, RIDEM septic approvals, soil evaluations, and CRMC assents that frequently collapse under strict contract timelines. Direct cash purchases eliminate lender contingencies entirely.
Tax Title Sales & Statutory Redemption Period (R.I. Gen. Laws § 44-9-1 et seq.): Delinquent property taxes prompt municipal tax title sales under Chapter 44-9. Under R.I. Gen. Laws § 44-9-21, property owners retain a one-year statutory right of redemption from the tax sale date before a tax purchaser can file a Superior Court petition to foreclose the right of redemption, creating title defects and legal delays for absentee owners and real estate investors.
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We perform in depth due diligence on the land and may request you for additional information. We use trusted 3rd party title companies and notaries to open escrow and begin title examination.
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