Maybe you have a few acres of land that you inherited and never used. Or you bought a plot of land years ago with plans to build on it, but those plans have changed. Now you have lost your job or incurred medical expenses and you’ve tried to sell it, but no luck. You placed ads in the local paper and on-line, stuck a sign on it and had some calls but no real bites. There are neighboring lots that have sold, why doesn’t yours?
Just like selling a house, there are several ways to go about it. As well, depending on how you plan to sell you may need to get your land ready to show too. Walk up curb appeal is just as important with vacant and raw land as it is for a house and if you are trying to sell to the conventional buyer appearance is going to matter. If you just need to sell your land fast for cash, there are buyers who will not be concerned with the properties appearance. Here we will be offering you some tips that will give you some idea of what you should know to sell your land.
Know the property!
Just like buying a house, potential buyers are going to ask questions. You need to make sure you have done your homework and know as much as possible about the land. You need to know if there are utilities on the property and if not, how far are they? Are there zoning ordinances such as size of structure that can be placed or built on the land? How deep do you have to go for a well? How close is the nearest store, school, church?
Where are the boundaries?
When potential buyers go out to see the land, they will want to know exactly what they are buying. Not just how much land is being sold, but where does it start and end. Prior to placing the land on the market, you should stake the land at the corners and show the property lines. You can buy survey flags at the local hardware store to place on the corners and down the property line even. Or you can hire a surveyor, incorporate that cost into the asking price. This is time and effort will be well spent. If you are not able to get to the property to do this or just don’t have the time, then consider selling to investors who will buy your land as-is and handle this part themselves.
Clean up the land!
Potential buyers can visualize what is possible when they are looking at mowed and clean land. Remove any brush piles and pick up any trash. If there is a driveway or road access to the property, make sure they are passable and have it re-graded if necessary. You want your property to show its best features to help the potential new owners see the possibilities. Again, if you don’t have the time, the conventional market may not be the best place for you to sell. Find a we buy land company that won’t be concerned with appearances.
Perhaps the land you want to sell isn’t close by and doing these things isn’t possible or practical? Don’t despair! There are real estate investors that will buy your land as is and many times sight unseen even! They will offer you a fair cash price and these improvements aren’t necessary. Not only do they offer cash but they specialize in quick closings with no questions asked!