Acquiring a land is a great investment; however, difficult situations such as debts, home repossession, and divorce leave you no choice but to sell it. When you are in a tight financial situation, it is only understandable that you would want to sell your land the quickest way possible. There are many ways to sell your land and each option has its pros and cons.
There is what we called FSBO or For Sale By Owner. This means, you are selling the land on your own. With FSBO you don’t need the help of a real estate agent therefore you don’t have to pay a commission. However since there is no agent to represent you, you are on your own in terms of putting your property in the market, dealing with potential customers and preparing necessary documents. If you don’t have any experience in the real estate market, this is not a good way to go.
Another way to sell your land is through a realtor. A realtor or real estate agent is someone who has significant experience in land selling and buying. Enlisting the help of a real estate agent has become the favorite option for property owners who do not have any background in real estate. Agents are the ones in-charge of looking for potential buyers, showing the property, and dealing with prospects’ queries. These make it easier for the property owner however, estate agents come with a fee. Normally, they’ll ask for a commission which is around 6-8% of the asking price. If you’d rather not pay commission and would want to earn as much as you can, then this is not a good option.
The quickest and easiest way to sell your land is to sell it to a private property investor such as Lucas Properties LLC. With private property investor, you are guaranteed to have a buyer without having to pay for commission. Lucas Properties buys your land with cash therefore you can be debt free the easy way.