Real Estate Glossary

What is Free-Market Lots?

Free-Market Lots are the land lots that are not regulated by the government and can be sold and purchased on the open market. These lots are not part of a government program or initiative and are available to anyone who wants to purchase them, they are not subject to zoning, land use, or other types of restrictions. They usually come with no infrastructure or services in place, so the buyer will have to pay for services like sewer, water, and electricity to be connected to the property.