Showing posts with label sell raw land. Show all posts
Showing posts with label sell raw land. Show all posts

Friday, March 25, 2011

Sell Your Raw Land

There are a lot of reasons that people acquire land. Often times there are hopes to build a dream house or cabin in the woods. Others buy raw land to hunt or farm. Regardless of the reasons why you initial bought your land, the time may come when you want or need to sell.
Raw land is land that is completely undeveloped. No buildings exist. No water, sewer or electric hook ups are present. Basically raw land has been untouched by man-made developments and is blossoming in its completely natural state. Before land of this raw nature is ready to sell, you should take a few steps to make things happen quickly.
It is important to obtain a survey of the land and have the property boundaries clearly marked for potential buyers. Depending on the size of the property, most traditional buyers are going to want to view the property and be able to see the properties borders easily. If you already have a survey, you may want to verify its accuracy. You can find local, reputable surveyors to handle your property markings.
Getting the land perk tested isn’t a requirement, but can often help in the fast sale of raw land. You can contact your health department or local government to find which agencies can let you know if the property is suitable for development. This information is gathered through soil tests and water tests. Additionally, you will want to find out what zoning the raw land is considered. Most buyers will be interested in knowing if the property is zoned for residential, commercial or agricultural use. It is also good to find out if your property is located inside or outside of the city limits.
It is definitely worthwhile to get your raw land appraised, but have the appraisal completed by a professional experienced in land appraisals. If you don’t have the funds to pay for an appraisal, you can conduct your own market research comparing your raw land to other properties of similar characteristic in the area. Understand that your own market comparison may not be accurate and that you are likely comparing to higher rates of properties being sold on the MLS. Most MLS properties are marked up and take much longer to sell.
If you are not in a hurry to sell your raw land, then you can find an experienced real estate agent to list your property for top dollar on the MLS. This can take months to years to complete the sale and you will have to pay out commissions on the final offer. If you need a faster solution for your raw land for sale, then you should contact a reputable investor who will pay you in cash and close in as little as 7 days. You must remember that when dealing with investors you are not likely to get the very top dollar for your property, but their cash offers are fair and a great solution when you need to get a property off of your hands quickly.

Thursday, February 24, 2011

How to Sell Raw Land

Raw land is land that is completely undeveloped with no existing water supply, sewer or septic system and most utilities have not yet been run to the property. Additionally, raw land generally has no existing structures. It is this truly basic nature of raw land that can make it a hard sell, if you are marketing in the wrong areas.
When you go about selling raw land on the traditional market you will first need to complete a survey on the property. A survey from when you first purchased the property will still be valid if there have been no changes made to the property or to surrounding properties. You will want to be sure that the perimeter and especially the corners of your property are clearly marked. You will also want to know the zoning of the parcel of raw land you plan to sell. You can obtain this by going to the zoning office with your parcel identification number. Any person buying raw land is going to want to know what they can use the land for, so keeping the zoning paperwork on hand is an excellent idea.
If you haven’t already, it would be beneficial to find out if city water and sewer are available for the property or if a septic and well will be required. If the later is required, you should consider investing in a perk test to make the property more marketable; provided that the results of the perk are positive. Another great document to have on hand when selling raw land is the current tax information for the property. Keep the most recent tax bill on hand for the buyer to have quick access.
There are several ways to sell raw land today, you can market the property yourself via ebay and craigslist or you can hire a professional real estate broker experienced in raw land sales to handle the marketing for you. The trouble with eBay and real estate brokers is that they charge a fee for their services and if you go with a broker, those fees are actually commissions which can run you a big percentage of your total sale price.
One way to sell raw land fast and in most cases for cash is to contact a real estate investor. Most investors or professional bird dogs can make a fair cash offer for your raw land and close in only a few short days. There is usually very little paperwork involved and most investors handle all the stressful stuff making it a truly hassle free process. There are many ways to sell raw land, you just need to find the one that works best for you.