10 Ways to Sell Your Land Faster in Nevada

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10 Ways to Sell Your Land Faster in Nevada
By

Bart Waldon

Selling vacant land in Nevada can be a challenging process that requires time, effort, and the right strategies to find interested buyers willing to pay your asking price. With over 70% of Nevada consisting of rural public land and several economic factors that make it a buyers' market, landowners looking to sell may find it takes 1-2 years to complete a transaction.

However, there are proven techniques you can use to market your Nevada land smarter, reach motivated buyers, and expedite the sales process to sell your land faster. Whether you have a 5-acre plot in the Las Vegas Valley or a 20-acre parcel in Reno, implementing these 10 tips can help sell your Nevada land faster.

Tips to Sell Your Land Faster

Price Your Land Competitively

One of the most important things you need to do when selling land is set an appropriate asking price. Overpricing is one of the biggest mistakes land sellers make, especially those who use outdated valuations or rely too much on the potential future value.

Instead, work with a local real estate agent to compare recent land sales of similar acreage, location and condition to yours. This market analysis helps you benchmark and price your land accordingly to current buyer demand and economic conditions in Nevada, leading to faster sales activity.

When determining competitive pricing, be sure to factor in that the Nevada land market is largely a buyers market. With an abundance of available cheap land and more sellers than buyers for much of the state outside main metro areas, keeping prices attractive induces faster sales.

Use a Real Estate Agent

Selling land on your own may seem convenient, but partnering with a knowledgeable local real estate agent provides many advantages. Agents have specialized training in land transactions, access to the regional Multiple Listing Service (MLS), and connections with cash buyers interested in Nevada land.

Rather than you having to market and show the property, real estate agents will handle advertising your listing to their network of pre-qualified buyers hungry for land. This expands your reach tremendously and saves you time and effort trying to find buyers on your own.

Top agents well-versed in Nevada land will have broad databases of investor buyers they can quickly email listings to. These serious investors have funds ready to deploy and act faster than retail buyers who must slowly save up to afford land purchases. Leveraging agents as intermediaries gets your property in front of those ready-made buyers faster.

Subdivide Your Land

If your vacant land is over 10 acres in size, consider investing in legally subdividing it into smaller 1-5 acres parcels. The economics simply favor smaller land sizes - they appeal to more buyers because sub-5 acre lots provide enough space at affordable prices points. Fewer buyers can afford or even want huge 20+ acre swaths of land limiting your potential market.

Investing in properly subdividing the land also demonstrates future property potential to buyers and dramatically increases the marketability compared to selling a massive piece all at once. The time and money spent gets paid back with faster sales.

Offer Owner Financing

Owner financing presents buyers with the option to purchase your land with scheduled installment payments over time rather than requiring a full lump sum payment upfront. This creative incentive makes your listing significantly more enticing to those without sufficient capital on hand or access to other financing. It opens your Nevada property to a larger pool of qualified buyers, saving you time hunting down buyers with enough cash.

Consider vetting and approving buyers yourself then using a title company or closing attorney to handle collecting payments. Start with at least 20% to 30% down and structure even monthly installments over 1-5+ years at competitive market interest rates. Add late fees and use a mortgage or promissory note to secure your rights as a seller until the final payment completes the transaction.

Market Online

Don’t just rely on physical yard signs or print advertising. Expand your exposure by having your agent create digital listings on popular platforms like Zillow, Trulia and Land Watch then spread across social media. Setup your own basic website detailing the land for sale with photos, maps and listing details as another marketing channel.

Online marketing casts a much wider net, allowing you to advertise affordably to both local and remote buyers. Buyers scout properties online ahead of time so digital visibility brings in more leads. By marketing online, you tap into added demand and stand to sell the land faster.

Offer Incentives or Discounts

Incentives can motivate prospective buyers who may be on the fence or hesitant. Common ones include discounts for quick closes, free mineral rights, waived closing costs, complimentary surveys, reduced title insurance fees, or throwing in a storage shed, fencing or basic infrastructure.

Adding small extras shows you’re a motivated seller, grabs buyer attention, prompts faster decisions & counteroffers, and saves you time. Just make sure any add-ons still allow you to net your minimum acceptable sales price after closing expenses & commissions.

Invest in Light Improvements

Making modest improvements demonstrates the viability, enhances the valuation, and gets buyers visualizing potential uses which prompts offers. Clearing brush, grading access roads, adding fencing/gates, surveying, staking corners or testing utilities makes it much easier for buyers to envision building on or developing the site.

Improvements also justify bumping up the asking price and lend further credibility as premium land more worth paying for quickly. But be careful not to over-improve land significantly beyond surrounding property as it rarely pays off in higher sales prices to offset your costs.

Highlight Details Like Zoning, Utilities and Access

Prominently advertise key property details that matter most to buyers including: adjacent utilities, road frontage/deeded access, zoning classification, developer interest, and allowable uses. Providing this info upfront clearly signals viability to build residential, commercial or industrial projects on the site, sparing buyers research time.

Emphasizing viability gives buyers confidence to buy faster without hesitation about uncertain development potential. Buyers crave confirmation that electrical, water/sewer, natural gas, telecom and other utilities are present nearby. If utilities are lacking but permissible use allows septic tanks or well water, note that instead.

Advertise to Land Investors Too

Don’t focus solely on end-users who want land to build primary residences. Market intentionally to land investors and developers scouting sites for future projects too. Their business models center on acquiring discounted land for profit potential down the road. Catering to investors taps into added demand and makes selling faster more likely.

Attract these buyers by touting: recent comparable sales, expected medium-term area growth, demand projections, concept plans or permits in hand. Investors also move fastest with simpler properties requiring fewer contingencies, so incomplete surveys or unfiled parcel splits may not deter them.

Consider a Company Like Land Boss

A final option to unload your land fast is selling it to a land buying company like Land Boss for an equitable cash offer. For over 5 years, Land Boss has specialized in buying and selling Nevada land at volume. With direct access to capital and funds on hand, a reputable company can purchase property under nearly any circumstance, handle paperwork, and close quickly. Though you sacrifice maximum sale price, it provides a guaranteed exit that bypasses most traditional sales barriers.

Final Thoughts

Selling vacant land quickly comes down to two key steps - pricing it right and maximizing exposure to ready, willing & able buyers using tailored marketing. Employing all 10 tips above sets you up for a faster, smoother sales process on your timeframe.

If you currently have Nevada land you’re hoping to unload quickly, let the knowledgeable team at Land Boss prepare a no-hassle cash offer. 

Frequently Asked Questions (FAQs)

How long does land take to sell in Nevada?

On average, selling vacant land in Nevada takes 1-2 years. More expensive or remote parcels can take even longer without the right pricing and marketing strategy to attract buyers quickly.

Should I use a real estate agent to sell my Nevada land?

Yes, proven Nevada land agents have specialized expertise and broad buyer networks that dramatically improve your odds of selling faster. Their marketing exposes land to more buyers and saves you time trying to find purchasers independently.

Does my land need to have utilities available to sell fast in Nevada?

Not necessarily, remote land still appeals to some buyers ready to develop their own access, water and power systems. But in general having existing utilities nearby does expedite sales velocity.

What information do I need to provide to attract faster buyer interest?

At minimum, include acreage, mapped boundaries/parcel number, zoning classification, property rights details, approved uses and documentation of any utilities/infrastructure present or nearby. Photos also help buyers evaluate site potential faster.

Who are the main buyer groups interested in vacant Nevada land?

Individuals building primary homes, developers planning communities, investors seeking future appreciation, commercial entities like solar farms, government agencies expanding reserves, and land buying companies like Land Boss. Marketing to multiple groups nets more potential buyers.

About The Author

Bart Waldon

Bart, co-founder of Land Boss with wife Dallas Waldon, boasts over half a decade in real estate. With 100+ successful land transactions nationwide, his expertise and hands-on approach solidify Land Boss as a leading player in land investment.

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