Undeveloped land is also known as raw land. It could be any piece of land that has a potential to be used for commercial, industrial, or residential purposes depending on the location. Undeveloped land still makes you pay taxes as the owner; so if you don’t know what to do with it or you don’t have the financial capacity to make it into a profitable business, it is better to sell the land and earn from it.
Determine the possible uses for your land so you will know who will be your target buyers. If it is within the area where people look for house or apartment to rent, your marketing tag line can be “prime lot for building a four-story apartment”. If it is within the commercial zone then you have to know whether your land is good for building hotels, retail stores, or offices. These information should be made available when you look for potential buyers. Promote your property in as much as you can by advertising through local classifieds, create a website and promote to social media, distribute flyers, participate in an auction, and by word of mouth.
Potential buyers for undeveloped land are usually business owners or developers who want to build on that location. These types of buyers demand attention as they probably have a lot of questions before they will close the deal. This is because they also wanted to make sure that they’ll get profit from their investment. As capricious as they may seem, they are also the type of buyer who have the capacity to pay.
To attract potential buyers, you can use one or more of the options mentioned earlier however, you will either spend money or invest more time and effort in the process. If you want a guaranteed sale with the least amount of time and effort but with highest possible returns, sell your land to private property investors. Lucas Properties LLC, a private investor, has a network of buyers who are ready to buy your land in cash. Within a few days of accepting their offer, you can walk away with cash without having to worry about the after-sale.