A 47 acre parcel held eight years sold the month after a road widening put a signal at the corner, and the timing was luck, not planning.
The case is worth studying because the seller had no exit trigger written down, just a private note that said "sell when it feels developed enough." The signal went in, a regional homebuilder called within six weeks, and the seller took the first offer at $3.1 million. A second builder came in three weeks later at $3.6 million. The gap between those two numbers is what an exit trigger costs when you do not write one down before you need it. A trigger tied to a specific infrastructure event, a signal, a utility stub, a recorded plat within a half mile, forces you to wait for confirmation and then run a real process instead of taking the call that comes first. The $500,000 difference here was not about the land. It was about the seller having no written rule that said "infrastructure event occurs, then thirty day quiet period, then structured offers." Eight years of carry held to a feeling instead of a condition.
The second thing is that the road widening was in the county transportation improvement plan the whole time, funded and scheduled, and nobody pulled that document at acquisition. The parcel would have underwritten differently if the seller had known the signal was four to six years out rather than speculative. That is the actual lesson: a funded line item in a TIP is a different asset than acreage in a growth corridor, and the price should reflect which one you are buying.
What does your exit trigger say, and is it tied to a public document you can actually monitor?