Land Selling: Avoid These Common Mistakes

The need to get as much money as possible is a normal aspiration for every seller or property owner. However, a listing price which is too high is often one of the reasons why your property is not selling. To get the highest amount of money at the least time and cost, know the common mistakes committed by inexperienced sellers and strive to avoid them.

Inappropriate Pricing
Setting a very high price will discourage potential buyers to take a look at your listing. Most likely, they will go for another listing with similar features as yours but is considerably priced lower. Alternatively, setting the price too low will make you look desperate to get rid of your property. This will also create a negative impact as potential buyers will doubt your reasons for selling the property. Appropriate price should be within the fair market value.

Waiting for the Right Buyer
Sometimes, we tend to ignore the early buyers. We want the number of potential buyers to grow so we can pick the right buyer. Having this in mind, you will never know that the first buyer you reject is the one who is prepared to pay the highest price. If you’ve come across a buyer who is willing to pay your asking price and has the capacity to pay, do not look for another one. This buyer is perfect for as long as you’ve priced your land appropriately.

Failure to Showcase Your Property
You know your property better than anyone else. If you want your land to sell, you have to highlight its features and advantages over the others in your area. Let the buyers feel that your land is a good investment for their money.

Choosing the Wrong Way of Selling
There are many ways to sell your land. You can hire an agent, you can sell it in an auction, you can choose the for-sale-by-owner way, or you can sell it to a private investor. Each option has its own advantages. Choosing one over the other for the wrong reasons can lead to property selling below the market price or not selling at all. The certain way to get the highest returns at the least time is selling your land to a private investor. Lucas Properties, a private investor, is buying any types of land regardless of the season and your reasons for selling. Sell your land for cash with Lucas Properties.

Be Free From Debts: Sell Your Land

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.

Why Private Property Investor?

When you need to sell your land, it is always necessary to sell it quickly. The longer your property stays in the market, the lesser chance that it will sell unless you will mark the price down. And, this is the very scenario that a property owner will avoid at all times.

Property owners are not sales agents. More often than not, they are not well-versed with the ins and outs of real estate selling. It is only logical that they will seek the help of third party entity such as realtors, marketing consultants, legal advisers, and private property investors. Of the choices given, realtors and private property investors are prevalent. Let’s take a look at why choosing private property investors is advantageous over choosing realtors.

Commissions – realtors or real estate agents ask commission which is usually between 3% to 6% of the asking price. Imagine having an asking price of $55,000; that is $1650 commission paid to the agent. With private property investors, you are not obliged to pay a commission. In fact, they offer cash for your property so you need not shell out any money.

Property Appeal – In order to sell your property, it should have an appeal. Grasses should be trimmed, landscape should be cleaned, property boundaries should be visible, and overall appeal must be competitive. With property investors, there’s no need to stage your land. Lucas Properties LLC, a private property investor, buys any types of land in its as is condition. So, if you don’t have the time of the finances to revamp your property, private investors is clearly the good choice.

Competitive Pricing and Marketing – Real estate agents would tell you that the right price is the key to a successful sale but some owners include the agents’ commission in their asking price. This does not make a competitive price. Private property investor like Lucas Properties LLC will give you a cash offer up to 25% of the market value. Since you don’t have to pay commission; that’s a whole lot of savings for you.

What Is My Land’s Worth and How Do I Sell It

Knowing your land’s worth is the first thing that you should do before putting it up in the market. Accurate pricing is one of the important factors that can lead to a successful sale and by knowing your land’s worth, you will be able to price it appropriately. Assessing your land’s worth is relatively easy but it takes time and effort on your part. There is no need to hire an expert unless you are in a very time-constrained situation.
When you have purchased the property, you must have given a copy of the appraisal result. You can use it as the starting point for your research. Since the assessor’s office evaluates land value within an 18-month period, it would be good to check your old appraisal and compare it to the recent sales in your locality. Consider how your land is different from the recent sales when you are checking on the prices. If your land is far from the main road with limited access then it will be worth less than the one with more access.
Getting the numbers can be done by contacting the assessor’s office, property tax office, or realtors. You can reach them by phone, in person, or by checking their website. Checking their website is probably the easiest way as you can do it anytime and from anywhere but you also have to check the freshness of the content as some websites are not updated in real time. If you are still not satisfied with your results or if you don’t have the time to conduct a little research, you can simply hire a licensed appraiser. A skilled appraiser should be able to inform you what the fair market value of your land is.
Once you have determined the price of your land, you can now proceed to the selling process. The fastest way to sell your land and get the best deal at the same time is through a private land investor. Lucas Properties LLC, a private land investor, offers cash that is up to 25% of your property’s fair market value. Together with their generous cash offer, you will be assured to get a quick sale with no hidden fees and commissions.

Reasons Why You Should Sell Your Land

Landowners often ask themselves whether they should sell their land. There are several reasons and considerations why owners sell their land and it is not always an easy decision. To get started, here are some of the reasons why it may be a good idea to sell your land.

No Use for the Land
Did you buy the land as an investment? Did you just inherit the land? If you find that your reason for buying or having the land is no longer important then it might be good to sell it. People inherited land all the time; sometimes even from people who they did not even knew they were related to. If you have acquired the land via inheritance and you have no use for it or you realize that you have too much real estate in your portfolio then it’s a good time to sell that piece of land. Unused land without revenue is just going to cost you tax money. Alternatively, when you sell it you’ve got yourself a chance to earn a good profit.

Don’t Have Enough Money to Finance the Land
You have inherited a piece of land but you don’t have enough money to develop it then it is good to sell it to someone else who can put it to good use. By selling the land you can earn easy money and at the same time give somebody else a break in the process.

Other Plans for Investment
Real estate is not for everyone so if you have a piece of unused land and you need money to finance other projects then it is high time to put your land into good use. Sell the land and have the funds to finance your other projects.

Whatever your reasons for selling the land, it is without a doubt that you will earn money in return. How to sell your land? You can sell your land in many ways: for sale by owner, in an auction, through a real estate agent or to a private land investor. However, if you want to sell your land quickly then a private land investor is the only way. Contact Lucas Properties LLC and get cash from your land immediately.

Selling Industrial Land, the Quick and Easy Way

Industrial land is different from commercial land in terms of usage. Commercial land is used for businesses such as shops, offices, malls, and other products and services outlets. Industrial land, on the other hand, is used for manufacturing businesses. Examples of manufacturing business in industrial lands are oil refineries, vehicles factories and IT related factories. These businesses call for large areas of land to house the production equipment and require a lot of employees to work at maximum capacity. Products from industrial businesses are sold to commercial businesses following production.

Industrial land buyers are rare which makes selling industrial land a real challenge both for owners and estate agents alike. Deciding on the sale price is almost the forefront of the selling process. When you want to sell your land you would like to know how much it will take to have a return of investment. If you have an industrial land your prospective buyers are most likely owner of large businesses. And to know the selling price, you should compile a review of the property such as financial statements from previous tenants, government records, environmental concerns and other documentation about the former uses of the land. Consult with a reliable appraiser to check the property. He should be able evaluate the property in terms of property income and sales of similar properties in the surrounding area.

You can either the sell the property in an auction, through a real estate agent, via traditional method or to a private land investor. These methods can surely help you sell your property although the processes involved vary from each method. The quickest way, however, is through a private land investor. All you have to do is determine how much your property is worth and when you come to a mutually agreeable agreement, a private investor will offer you cash for the property. Contact Lucas Properties LLC, a private property investor, if you need help in selling any type of property quickly.

Sell Your Land, Property Selling Process

People sell land for various reasons; to earn cash, to avoid foreclosure, to get rid of unwanted property, and so on. There are also different ways on how to sell your land. Whether you choose to sell your land by FSBO (for sale by owner), through a real estate agent, in an auction, or through a private land investor there are processes involved and documents to be prepared. The land selling process starts from property evaluation, selecting an agent, coordinating with a solicitor, marketing your property, showing your property, accompanied viewings, receiving offers, offer agreed, and closing the deal. You may or may not go through all these process as you choose your way in selling your land.

Take a look at each process involved and choose the best way to sell your land quickly. 

• Property Evaluation. It is important in deciding how much you are going to sell. In as much as you would like to get the highest possible amount for your property, you will not want to overprice or your will not sell at all.
• Selecting an Agent. FSBO and selling through a private land investor do not require this process because you won’t need an agent. Selecting an agent means selecting a realtor or selecting an auctioneer to help you sell your land. 
• Coordinating with an Agent. The success of your sale is dependent on how good your relationship is with your agent.
• Marketing Your Property. You do not need to market your property if you choose a realtor or auctioneer. This is part of their job but then you need to make sure that the realtor or auctioneer you have chosen has a wide target market to ensure a successful sale. 
• Showing Your Property. Buyers like to see what they are going to buy. Make sure your land is presentable for showing. Outline the property boundary by putting visible markers or post. 
• Accompanied Viewings. If you have a real estate agent, you do not need to be available during viewings. Your agent must be able represent you and answer any possible question the prospects might have.
• Receiving Offers. Once an offer is received, your agent will notify you in writing and in person. Details of the offer will be stated in writing for further review. In an auction, as soon as the auctioneer hammers down, the offer is deemed final.
• Agreement and Closing the Deal. Once you and the buyer are in agreement, your agent will draft the contract and other documents necessary to close the deal and exchange of contract. Successful sale concludes when both parties sign the agreement.

Selling your land may take some time considering the processes mentioned above. The only exception is through a private land investor. With private land investor, you still need to evaluate your property to know how much it is worth. Then, contact a reputable private land investor, like Lucas Properties LLC, accept their offer and close the deal. It is a fast and easy way to sell your property.

Earn Cash from Your Inherited Land

“I want to sell the land because I’m not sure what to do with it.” Inherited properties are sometimes a demanding obligation and present a problem of what to do with it. This is true especially if the inherited land is far from where you live. Owning a piece of land is profitable, however not all land owners realize any financial benefit from the ownership of that property. Planning, honest assessment of the amount of labor you are willing to devote, and time you are willing to spend to get a profit from that piece of land are to be determined. Losing a family member is tough enough and when you are left to deal with property within an estate, it can be devastating. In this case, selling the land is a common thought that comes to mind in many land owners.

If you have decided to sell the land, you can either sell it through the traditional real estate market which can be a lengthy and draining process or you can go to privateland investors for a faster sale. There are many benefits to selling your land through private land investors. One of the many benefits is quick transaction. If you are in mourning, there is no better way to handle a property you have no desire of acquiring than a fast and hassle-free sale. Though you only need one buyer to buy your land, finding a serious and able ready buyer is always a challenge. You, as a seller, must have an understanding on the current real estate market and detach yourself emotionally from the property to make the sale. With a good private land investor, you don’t have to learn all there is to know about real estate to make a sale. They will simply assess your property and provide a cash offer. If you are in agreement, they will proceed with closing the sale.

Moreover, if you sell your land to an investor there will be no banks to deal with since they will pay cash. They also pay for any closing cost and take care of the paper works so you can just sit back and spend your time to other more important things. Now that you have a better alternative, you would want to find a good and reputable land investor. Check out Lucas Properties LLC; a private land investor with years of experience helping people sell their home or property the easy way.

Distressed Properties: Options for Distressed Seller

A distressed property, in real estate terminology, means that a property is under foreclosure and is up for sale by the mortgagee. Characteristics of distressed property are oftentimes having a negative impact on the fair market value of the property. It is being sold by land owner to avoid foreclosure and at the same time to try and cut the financial loses.

If you are one of the land owners with distressed property, know that you are not alone. It is a sad fact that facing foreclosure is an overwhelming experience, but there are several options for distressed sellers other than foreclosure. If you missed payments for temporary reasons that have been remedied, you have the option to reinstate the mortgage. Reinstatement is the easiest way to avoid foreclosure as it does not need the mortgagor or lender’s approval. You can simply ask the total amount, which includes missed payments, late fees and legal fees, owed to date and pay for it. Once the delinquent amount is paid in full, the mortgage is reinstated.

Another option to consider is forbearance or re-payment plan. The good thing with re-payment plan is it allows the owner to pay the delinquent amount over time; however, owner is required to submit a financial documentation proving that he will be able to comply with the terms of repayment plan. In forbearance, lender will add the missed payments on top of the regular loan amortization for a period of time, for example, 12 months. Once the owner completes the 12^th payment, the mortgage will go back to its regular amount.

In the event that the land owner can’t qualify for the two options mentioned earlier, he has the option to sell his land via short sale. This process involves putting the land on the market and the owner must have financial hardship to qualify. In this case, financial hardship is no longer in question. It is just a matter of presenting the necessary documents as proofs of financial hardship. Short sale allows the owner to salvage his credit score and keep the foreclosure off his record. While short sale seems straightforward, it is a complicated process and needs the expertise of experienced professionals. To keep yourself free from stress over short sale, you can sell your land to Lucas Properties LLC. Lucas Properties provides cash for distressed properties minus the hassle of traditional selling process.

How to Sell Your Land Quickly

Selling a piece of land can be a daunting task.  If you do a quick search on the Internet or local listings, you will find that not all of the real estate agents are interested in your piece. Some prefer more expensive and more improved properties where they have the potential to reap higher financial rewards. If you do not want to deal with agents who might not be able to provide you with a good service, you can still sell your land with these tips.

1.    Know your land’s worth. You can do so by checking the local market for similar locations and features. Know the recent sales activity and create a comparison. 
2. Make sure potential buyers can find you. Get your property listed in as many directories, free classifieds, and local listings that you can find. You can even put a sign on the lot with your contact number where buyers can reach you. 
3. Make use of the Internet as most people nowadays use it to search for anything of interest. If you cannot afford to host a personal website, use the sites that offer free tools and templates to create a website that fits your product. 
4. Reach out to potential buyers directly. Tell your neighbors, friends and colleagues about your property. Check if they are interested or they have friends that might be interested. Sometimes leads come in the form of referrals. 
5. Talk to business professionals and get ideas on how to market your property.

All these are good however there are also disadvantages of selling the property yourself. Let’s say, you have put a sign on the lot with your phone number where potential customers can reach you but is the lot near a well-traveled road where people can see your sign? Do you live near the property for sale? Most of the time, clients would like to visit the property they are interested in before the actual sale. If it is difficult for you to meet clients in a timely manner, you might lose the sale. Do you have the experience to deal with potential buyers?

If you find yourself in one or more of these situations, it is better to look for a reliable private land investor that will buy your land for cash. Your time might be better spent in doing what you do best. This is where Lucas Properties LLC can help you. They are focused on buying and selling properties without the inconveniences of the traditional real estate market processes.