Selling Your Land during Difficult Times

Selling a piece of land is challenging and even more so when done during difficult times. When you are trying to sell your land, it is very likely that you are facing a financial problem. Many property owners tried the FSBO route because they believe they will spend a smaller amount of money and get more from the sale. This is true because they can save a considerable amount by not having to pay sales commissions to agents.
However, FSBO is not at all times the best choice. In today’s economy where competition is tough, property owners need to be more aggressive. Here are several reasons why FSBO is not the best option.
• By going the FSBO route, you are competing against more veteran agents. Some property owners opt to hire an agent because they know the complexity of the selling process and their lack of experience will not result in a smooth and successful sale.
• Your potential buyers are limited. The most that you can do is put up a ‘for sale’ sign in your yard and list your property in the local listings and newspapers while agents have a network of real estate professionals that can refer them to buyers and investors. A greater number of buyers mean a greater chance of a successful sale.
• You will face a complex process of preparing the before and after sales documents. You will probably need help from a lawyer, a title company and other professionals. As a result, you will end up spending more money paying their service fees.
 It is tough to sell a property during economic crisis that is why you need all the help that you can get. If you need to sell your land quickly without spending money, sell it to a private property investor such as Lucas Properties LLC. Lucas Properties aims to provide assistance to property owners who needed a quick and hassle-free sale. They will buy your property with cash and you need not worry about the after sales papers.

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.