Friday, March 2, 2012
Farmland and Ranches and Lakes, Oh My!
Selling your land to a private land investor has many, undeniable perks. They include the fact that you can sell all of your land to one investor—completely avoiding the constraints that traditional sales often place on your time. Sales to an investor will generally only yield you a profit of 5% to 25% of the fair market value of your land; however, it will come to you as actual cash! If you owe debt on your land(s) in the form of back property taxes or liens, for example, those notes will be paid in full on your behalf by the end of the sale. Those are three major advantages over FSBO (For Sale by Owner) and the MLS (Multiple Listing System) that land owners all over the country are jumping for joy about. And the fourth? Well, your closing date for each property would be within seven days or less of your decision to sell.
If you have questions about selling your land or what to take the first step, contact Lucas Properties, LLC for more information.