Strategies For a Quick Sale of Land
Unlike houses, quick sale of land is typically an expensive and lengthy process. Depending on your goals and land market conditions, it can take years to sell your property. Choosing the right strategies to speed up your sale can make all the difference.
Consider selling directly to a real estate investment company that specializes in buying land. This option enables you to avoid paying a real estate agent’s commission, which can add up to 6% or more of your sale price. In addition, companies that buy land are able to close quickly because they have cash available and can avoid the time-consuming bank financing process.
If you decide to sell to a land company, be aware that they usually pay below market value for properties. To ensure you receive a fair price, research comparable sales in your area to determine the approximate value of your land. You can also use the internet to search sites that specialize in land purchases.
Quick Sale of Land: How to Speed Up the Process
Attract buyers by listing development possibilities based on zoning laws and topography. Highlighting options like water access, electricity and sewage systems can increase your property’s appeal to investors or developers looking for long-term returns. Consider dividing your property into smaller parcels if feasible based on zoning laws and topography. Smaller tracts tend to sell more quickly and at higher per acre prices.
Be willing to accept a lower than market value for your land if you want it sold quickly. This approach can save you months of time and money compared to the traditional listing process, which is likely to yield fewer qualified offers.