Tuesday, August 9, 2011
Decided to Buy Your Home Instead of Build It? Well, Sell Your Raw Land!
So, you bought good raw land a few years ago—a lot near the heart of the city, a couple of acres on the outskirts of town, or a few thousand square feet of tranquility on the edge of a quiet lake. At the time, your plans included building a home from scratch; you were looking forward to sitting down with an architect and builder, picking out the countertops and backsplash for your massive kitchen, and deciding where you would put your new flat screen TV. But, somehow, you got really busy. And days of delay turned into months and years while your family grew, the time you once had you now divide happily between your loved ones, and your new agenda is now to buy a house instead.
Chances are that you’ve already made the decision to sell your raw land on your new mission to find the perfect home on the MLS. After all, it is practical to take that money that you’ve been spending on property taxes and upkeep for your raw land and invest it into property that you’ll be living in and enjoying. With that in mind, what should be on your checklist for making this big move?
Assess Your Needs
Today would be a great time to sit down with your loved ones and assess what you need as individuals and as a family unit. How many bedrooms and bathrooms do you need? Does anyone in your family work from home and is in need of an office space? Would you all prefer a traditional home with formal room spaces or would you prefer an open floor plan? It’s important to keep in mind that neighborhood atmosphere and demographics are important to your family’s mood and well-being too; it’s up to you to decide whether you’ll thrive better in a quiet, cozy neighborhood full of school aged children or in a bustling urban setting, for example.
Sell Your Raw LandSell your raw land and sell it quickly in order to cover some of the closing costs for your new place. There’s one good way to sell your land quickly and many reasons to do so. Sell to a private land investor and you’ll gain pros (not cons) in these areas: you won’t have a lengthy waiting period for a potential buyer via the MLS to show interest in your land, you won’t be responsible for the payments of liens that you might owe on your land, and you won’t foot the bill for closing costs or title changes. Additionally, with private land investors like Lucas Properties LLC, you will close within one week’s time.
Hire a Real Estate Agent
A real estate agent is educated and experienced in locating and walking you through the purchase of a home. Acting as a buffer for you, your realtor will act in your best interest by keeping builder’s agents from taking advantage of you or pressuring you into making a hasty offer to purchase. With neighborhood and networking knowledge, chances are that your realtor will have inside information on neighborhoods that you favor and, perhaps, even first dibs on a new property on the market.
Now is the perfect time to make your next move into the next awesome phase of your life. Hopefully, with these simple steps, you’ll make that transition easily, successfully, and happily!