There are a lot of different factors to consider when you’re trying to figure out the right avenue to sell your vacant land. Some methods are fast, easy, and reliable. Others take time and don’t always end in completed land sales.
What Are Your Goals?
To start off, you’ll want to think about what’s more important to you – a high price or a fast sale. Essentially, do you have all the time in the world to wait it out and squeeze every penny out of the property? Or, on the other hand, are you more motivated to sell the land fast than you are to wait around months or even years for a buyer willing to pay your asking price?
There’s nothing wrong with either of these attitudes, you’ll just simply want to figure out which one better describes you. Once you know that you can determine the best approach
Working With A Real Estate Agent
If you identify more with the former, then you might find that hiring a land agent or land broker is the right choice. They will do all of the work on your behalf to try and find a land buyer to pay what you want for your land.
The Downside of Real Estate Agents
The subject of agents and their expertise with selling vacant land can be a lengthy one. If you’re considering hiring to help you sell your land you’ll want to keep in mind some of the cons:
- You’ll have to pay a commission of 7-10% of the sales price of the property
If you identify more with the latter, though, then you might want to sell your land for cash to direct land buyers. This way, the process doesn’t have to take over your life for an extended period of time. You can simply receive a cash offer, accept it, and in as little as two weeks the transaction is complete.
If you’re really committed to learning “how to sell land myself,” it’s worth understanding that this process can take quite a while. However, this could be the right avenue for some people. For example, if you know that one of your neighbors is interested in your land, then you can probably go ahead with the transaction on your own without having to deal with paying a real estate agent commission.
Also, if you work as a real estate professional yourself and have the time and experience then listing the property on your own might not be so bad. Or, perhaps you have an extensive network of people that you think might be interested in making an offer. In that case, the best option might be to sell your land without a land broker or agent.
As you can see, your particular circumstance as well as what you want will determine which avenue is best for you.
Are you wondering if there are any creative ways to sell land online? If so, check out this article.
The Vacant Land Sale Process
First let’s discuss the high level steps involved. If you really boil it down the process takes 3 steps:
1 – Find a buyer and sign a sale agreement with them outlining the terms of the sale
2 – Send that sales agreement to a title company or real estate attorney.
Selling Land For Sale By Owner: Is It Worth It?
You might be wondering how to sell land by owner and if it’s the best way to sell land. After all, it would be nice to avoid paying the steep commission to real estate agents. However, the work that goes into getting a property ready for sale, marketing it, negotiating the price, and closing the deal can be a lot of work.
For that reason, you’ll want to take the question seriously if you’re considering selling land by owner. There are many steps to selling land by owner and depending on how much time and attention you can give the process, you might consider going a different route.
If you’ve never looked into how to sell land without a realtor, you’ll definitely want to do a bit of research before hopping in. Not only will you have to determine the value of your land on your own, but you’ll have to list the property, put up signs, do the marketing, do the showings, and so much more.
Is your only other option to hire a real estate agent specializing in land? No, not necessarily.
Another option is selling your land for cash. This might be particularly appealing to you if you’re interested in how to sell land fast. In the next section, we’ll take a look at what this means.
Are you wondering why it’s so different to sell vacant land than it is to sell a move-in-ready home? Take a look at this article to learn more.
Sell My Land For Cash
You’ve maybe heard of cash buyers for houses, but if you’re not in the business of buying and selling land you might not have considered that you can find a cash buyer for your land, too.
There are a lot of benefits to selling your land for cash. First of all, it’s probably the fastest option you have. One of the things that really slows down real estate transactions is financing, and that’s not something you have to worry about when you’re dealing with a cash sale.
Secondly, it’s also an option that saves you a lot of hassle. You don’t have to worry about getting your land all cleaned up or installing utilities to try and make it more appealing to buyers. Instead, you can sell your property exactly as it is without investing another dime into it.
Thirdly, you don’t have to hire a real estate agent or pay agent commissions. This means that all of the money from the sale goes right in your pocket without having to pay off a bunch of middlemen before you get your cut.
It’s worth understanding that you likely won’t get retail price for land when you sell this way. You are most likely going to be selling to land investors who are looking to eventually make a profit on the land themselves. That being said, when you work with Sell Land, you can expect to receive a fair price for your land with no commissions and we take care of all of the associated closing and administrative costs.
Selling land the traditional way can be an incredibly slow process. It can take months if not longer to find a buyer for land using a real estate agent. All the while you are stuck footing the bill for the property and fretting over whether or not you will find a buyer.
When you sell your land for cash, you can sell the property and move on with your life. If this is your main goal, selling cash might be the right route for you.
Are you wondering where to find land buyers in the United States? Take a look at this handy guide.
Are You Ready to Sell Your Land Fast?
If your to-do list includes “selling my land,” then you’ve come to the right place. Rather than using land real estate agents that take a steep typical commission on lot sales, consider selling your land right to a land buyer. This cuts out all of the middlemen, meaning that the process is faster, simpler, and less costly to you.
At Sell Land, we buy land for cash. While there are a number of companies that buy vacant land out there, not all of these businesses are created equal. When you sell land by owner to a land buyer, you want to make sure that you’re working with a reputable, trustworthy, and fair company.
When you work with us, we will pay all of the various costs that are associated with the transaction. This means that we’ll pay your escrow, title, and all of the other closing costs. If we end up needing to do any surveys or tests during the escrow process, we take care of it and there aren’t any additional costs for you.
When we buy your land, it means that you can sell land fast. We buy your land exactly as it is, meaning that you don’t have to deal with adding utilities, cutting roads, cleaning, or clearing. Since we buy your land with cash and not financing, you can usually close in as little as two weeks.
If you’ve been wondering “how much is my land worth?”, one simply way to find out is to get a cash offer from us! These offers are no-obligation. If you’re ready to get your cash offer, fill out our form today