Friday, March 25, 2011

Sell Your Raw Land

There are a lot of reasons that people acquire land. Often times there are hopes to build a dream house or cabin in the woods. Others buy raw land to hunt or farm. Regardless of the reasons why you initial bought your land, the time may come when you want or need to sell.
Raw land is land that is completely undeveloped. No buildings exist. No water, sewer or electric hook ups are present. Basically raw land has been untouched by man-made developments and is blossoming in its completely natural state. Before land of this raw nature is ready to sell, you should take a few steps to make things happen quickly.
It is important to obtain a survey of the land and have the property boundaries clearly marked for potential buyers. Depending on the size of the property, most traditional buyers are going to want to view the property and be able to see the properties borders easily. If you already have a survey, you may want to verify its accuracy. You can find local, reputable surveyors to handle your property markings.
Getting the land perk tested isn’t a requirement, but can often help in the fast sale of raw land. You can contact your health department or local government to find which agencies can let you know if the property is suitable for development. This information is gathered through soil tests and water tests. Additionally, you will want to find out what zoning the raw land is considered. Most buyers will be interested in knowing if the property is zoned for residential, commercial or agricultural use. It is also good to find out if your property is located inside or outside of the city limits.
It is definitely worthwhile to get your raw land appraised, but have the appraisal completed by a professional experienced in land appraisals. If you don’t have the funds to pay for an appraisal, you can conduct your own market research comparing your raw land to other properties of similar characteristic in the area. Understand that your own market comparison may not be accurate and that you are likely comparing to higher rates of properties being sold on the MLS. Most MLS properties are marked up and take much longer to sell.
If you are not in a hurry to sell your raw land, then you can find an experienced real estate agent to list your property for top dollar on the MLS. This can take months to years to complete the sale and you will have to pay out commissions on the final offer. If you need a faster solution for your raw land for sale, then you should contact a reputable investor who will pay you in cash and close in as little as 7 days. You must remember that when dealing with investors you are not likely to get the very top dollar for your property, but their cash offers are fair and a great solution when you need to get a property off of your hands quickly.

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