Few people have the luxury of saying that they own prime, undeveloped raw land. Of all the assets that most people own, waterfront property and hunting grounds certainly aren’t high up on the list. But, if you’re one of those people who can say, “Hey, I’ve got an acre of sandy beach in my name”, then you’re at an advantage. You probably think that the advantage you have lies only in the choice to pack up the family for a weekend camping trip under the stars—while you do a little fishing on the side. But, that raw, undeveloped land that you only use on those very rare occasions can actually be turned into profit for you to use now. That’s right. If your finances are in need of a boost, you can sell your raw land. Here’s how to do it.
Hire a Real Estate AgentHiring a real estate agent means that your land will be placed on the MLS (Multiple Listing System). It will be seen by brokers and agents alike who will search the system via the worldwide web seeking property that might suit their clients’ needs. The advantage of this method is that the public, itself, will also have access to search for and view your land for sale via the internet and photographs that your agent will post online; this will increase your prospects. The disadvantage of this method is that most people, on average, are looking for actual homes or commercial property to buy. That means that you could have a long wait before that perfect buyer comes along to buy your land.
Sell Your Land YourselfYou could invest in a yard sized or billboard sized advertisement, advertising your land for sale to passers-by. You could negotiate the terms yourself. However, you need to be well-informed about the details of your land; including the location of property lines and utility accessibility, for example. Choosing this method means that you would need to do your research with the county in which you live on how to successfully complete your private sale. You would also need to pay off any liens or property taxes on the land as soon as possible and prior to closing.
Choose a Private Land InvestorThe easiest and fastest way to sell your land is via a private land investor. Land investors, like Lucas Properties LLC, will assess your land and offer you a percentage of its fair market value in cash. Additionally, liens, property taxes, closing fees, and additional expenses related to your sale would be paid for on your behalf. And with a closing date that extends no more than a week’s time, you could have cash in your hand in no time at all.
So, with these three options in mind, you can certainly make an informed decision about how to increase your cash flow--and quickly. Congratulations, in advance, on selling your land!