Some
successful ways in selling land include researching for possible uses of the
land, reaching out to developers, knowing comparable prices in the market, and
developing advertising and marketing plans to reach out as many potential
buyers as possible.
Research
plays a major role in preparing your land for the sale. Owner will be wise to
gather as much information as possible so he can answer the questions presented
by buyers. Ask the city service for zoning restrictions, contact local health
department for septic tank requirement, obtain the most current survey as
possible, determine the lot acreage, shape of the lot and everything that sits
on it. These information might be the selling points that buyers would like to
consider.
Setting
up the right price can help you a lot towards your goal which is to sell your land quickly. You can work with a real estate professional to do a market analysis
or you can do a research on your own. This depends on whether you have the time
or expertise to do the job or not. Appraising the land will also guide you in
determining the appropriate asking price. When you set the asking price according
to the appraised value, take note of the market condition. Is it up or down?
Under these conditions, your asking price basing on the appraised value will be
more or less than the current market prices.
Regardless
of the type of land, it will not harm to talk to surrounding neighbors and
local developers about buying your property before putting it up for sale. A
neighbor might be interested and if he buys the property, you will do without
having to strategize a marketing plan or pay a realtor’s commission. This will
save you both time and money in the process. If your lot is of good size which
extends to several acres, it is good to target land developers. Often, they
will make this type of land into a subdivision, shopping malls, or something of
equal value.
To
reach potential buyers, you can hire a realtor, list your property in both
local and online listing, make use of social media, put up a ‘for sale’ sign,
distribute flyers, spread the word by mouth, etc. Or, you can direct your
efforts to contacting a private property investor. Unlike a traditional buyer, a
private investor does not need financing, pays in cash, and closes the sale
within a few days.
Need
help? Contact Lucas Properties immediately and be guaranteed to have a quick
and easy sale.
No comments:
Post a Comment