Help! I Need to Sell My Land in New York Quickly

Return to Blog

Get cash offer for your land today!

Ready for your next adventure? Fill in the contact form and get your cash offer.

Thank you! We got your info and will reach out with any questions ASAP.
Oops! Something went wrong while submitting the form.
Help! I Need to Sell My Land in New York Quickly
By

Bart Waldon

New York is a large and diverse state with beautiful landscapes ranging from the Adirondack Mountains in the north to the bustling metropolis of New York City in the south. With over 54,000 square miles of land area, New York has a significant amount of undeveloped land across its 62 counties.

If you own vacant land in New York that you are looking to sell quickly, whether it’s in the Albany region, Buffalo area, Hudson Valley or elsewhere, this guide will provide tips to help you get it sold fast.

Why You May Need or Want to Sell Land Quickly in New York

There are many reasons why landowners in New York may be motivated to sell their vacant land fast, including:

  • Relocation or life changes - Job relocations, divorce or death in the family means you need to liquidate assets quickly.
  • Financial issues - Facing foreclosure or debt that requires fast cash from selling land.
  • Tired of paying taxes/maintenance - Vacant land has ongoing costs each year. Selling provides relief.
  • Unwanted gift/inheritance - You inherited the land but have no use for it.
  • Better use for cash - Cash from selling land needed for other investments.
  • Avoid hassle of developing - If you have no plans to build on it.
  • Burdensome property - It has become a headache to maintain.

Whatever the reason, selling land quickly in New York can be challenging. But there are ways to sell your vacant land faster.

Challenges of Selling Land Quickly in New York

While real estate markets are hot in New York for developed property, vacant land does not enjoy the same high demand. Here are some of the challenges you’ll face trying to sell land fast:

Low pool of buyers - Land is a niche real estate market. Few buyers specifically look for vacant land, so your pool of buyers is limited.

Financing issues - Most land has no structures that appraise, so banks won’t finance buyers. Cash offers dominate.

Unknown market value - Since land is an infrequent sale item, fair market value is hard to assess.

Costs money to hold - Ongoing taxes, liens and maintenance costs apply until you sell.

Requires expertise to sell - Pricing, marketing and negotiating land deals requires experience and skill.

Extended time to sell - Vacant land can stay on the market for 1-2 years before finding the right buyer.

These factors make a quick land sale challenging in New York, which requires creativity and persistence to get it sold faster.

Tips to Sell Your Land Faster in New York

Selling land quickly in New York may seem daunting, but it is possible if you get the right systems and resources in place. Here are tips that can help expedite your land sale:

Price it right - Overpricing is one of the biggest mistakes that holds up land sales. Research comps thoroughly and price at the lower end of fair market value. Being flexible on price also brings buyers.

Get an appraisal - Hire an appraiser who has experience with vacant land valuation to assess your property's fair market value. This allows you to price appropriately.

Use a broker - Land brokers have specialized expertise and marketing resources to expose your property to more buyers in less time.

Market aggressively - Don’t just post a sign or MLS listing. Use print ads, social media and land listing sites to cast a wide net for buyers.

Be flexible on terms - Offering owner financing or other flexible terms expands your pool of buyers.

Consider lease-to-own - If sale falls through, leasing with option to buy keeps it generating income while waiting for sale.

Sell to a land buying company - Companies like Land Boss buy land fast for cash without the hassle of sales costs or waiting on bank financing.

Act urgently - Treat every showing and offer seriously. Being slow to respond or counter loses sales momentum.

Sweeten the deal - Offer closing cost assistance or other deal sweeteners to provide incentives for buyers.

With the right strategy tailored to your needs, you can minimize the time it takes to sell your land in New York, even in today’s tricky real estate environment.

How Land Buying Companies Help Sell Your Land Quickly

A proven option to sell your vacant land fast in New York is utilizing a land buying company like Land Boss. Here are some of the benefits of selling your land to a land buying company:

All Cash Offers - Receive an all-cash offer quickly, which is non-contingent on financing or lender approvals. This expedites closing versus traditional sales.

No Fees or Commissions - Selling directly to a land buyer means no real estate agents to pay. All net proceeds go right to your pocket.

As-Is Condition - Vacant land with issues or that needs maintenance can be disposed of as-is without cleanup costs.

No Showings Required - Avoid the hassle of preparing your land for showings and coordinating showing times with buyers.

Free Quotes - Reputable land buyers provide free quotes with no obligation to sell. Get a baseline offer to consider.

Sell When Ready - There is no pressure or obligation. If current offer doesn’t meet needs, check back later when ready.

Predictable Process - Established land buying companies have a streamlined sales process to progress smoothly.

Locally Focused - Many land buying firms focus on specific regions, giving strong knowledge of local land values.

We Buy All Land Types - From wetlands to partial acres, land buying companies purchase properties that are harder for retail buyers.

Selling your vacant land in New York to a land buying company like Land Boss simplifies the sale process so you can get cash fast with minimal hassle.

What Information Land Buying Companies Need to Quote Your Land

To generate an initial quote and cash offer on your vacant land in New York, land buying companies will commonly need:

  • Address of the property
  • Parcel identification number
  • Acreage amount
  • Confirmation you hold the deed with no encumbrances
  • Copy of the deed/title if available
  • List of liens, back taxes or citations against the property
  • Photographs of the property
  • Plot map or survey if available
  • Information on utilities, easements or other access rights

Providing these details allows land buying companies to quickly assess key attributes that influence property value. With this information, they can provide a competitive cash offer tailored to your land asset. Sellers should ask questions to understand all key terms of the offer.

Questions to Ask When Receiving a Land Buying Offer

When you receive an offer from a land buying company to purchase your vacant land in New York, make sure to ask these key questions:

  • What is the time frame for closing the sale?
  • Will an appraisal be required?
  • Are there any fees for surveys, title searches or other costs?
  • How quickly can I get cash payment upon closing?
  • Is the initial offer negotiable? Can I provide a counter-offer?
  • Does the offer have any contingencies that may delay closing?
  • Do I need to provide disclosures about condition or restrictions on the land?
  • Is your company purchasing my land outright or reselling it to an end-user?

Getting clear answers on these aspects ensures there are no surprises and that you understand all the necessary steps to progress to a fast and smooth land sale closing. Reliable land buyers are transparent about the process and terms.

Closing the Deal Quickly with a Land Buying Company

Once you accept an offer from a land buying firm, reputable companies can close all-cash transactions in as little as a few days in many cases. Here is a general overview of the closing process:

Sign a purchase agreement - This contract outlines all terms and conditions of the sale. Read carefully before signing.

Allow access for inspection - If required in the contract, allow the buyer brief access to perform a site survey and assessment.

Provide relevant documents - Supply any required documents such asdeed, title, disclosures, identification, etc.

Sign closing paperwork - Review and sign documents may include deed, bill of sale, FIRPTA, etc.

Receive payment - After paperwork is complete, the buyer releases the agreed payment amount. Many provide wire transfer of funds on the spot.

Transfer ownership - Legal ownership transfers fully to the buyer upon completion of paperwork and payment.

From accepted offer to closing can take anywhere from 5 days to 4 weeks with most land sales through a buying company. Have all needed documents ready to go to expedite the process.

Don't Wait to Connect with a Land Buying Company

Selling vacant land quickly in New York may seem like an impossible task. But partnering with an experienced land buying company opens up opportunities to get your property sold for immediate cash without the hassle of traditional sales.

Companies like Land Boss offer fair cash offers and handle everything from valuation to closing. Their real estate and legal experts know how to navigate even complex land deals to ensure a smooth and fast process.

If you need to sell your vacant land fast in New York, don’t wait to connect with a land buying company operating in your area. The sooner you engage with an experienced partner, the quicker you can get the ball rolling to sell your property and get the cash you need. With minimal effort, these companies do the heavy lifting to take unwanted land off your hands.

Reach out today to get a no-obligation quote on your land for the fastest way to turn your vacant property into cash in hand. In only days or weeks, you can have funds to put towards your more important needs, whether paying bills, investing elsewhere, or just enjoying the peace of mind from selling a burdensome vacant land asset for top dollar.

Final Words

Selling vacant land quickly in New York can seem daunting, but leveraging the right resources and strategies makes it very feasible to get your property sold fast. With proper pricing, aggressive marketing, flexible terms and selecting a reputable land buying company, you can minimize the time it takes to go from unwanted land asset to cash in hand. The key is being proactive, motivated and partnering with professionals experienced in streamlining land sales. Don’t let your vacant property keep dragging you down. Take control of the situation by taking action - your cash buyer is out there waiting.

Frequently Asked Questions (FAQs)

What are some tips to price my land appropriately for a quick sale in New York?

Research recent land sales in your county, consult an appraiser, price below assessed value, and consider pricing at the lower end of fair market value. Overpricing is one of the biggest mistakes that holds up land sales.

Does vacant land qualify for traditional bank financing in New York?

Most vacant land does not qualify for traditional financing since there are no structures that can be used as collateral. Expect most buyers to make cash offers. Seller financing is an option too.

How long should I expect it to take to sell my vacant land in New York?

Typical marketing time can be 12-24 months for vacant land in New York. Using a land broker, flexible terms and marketing aggressively can shorten the time. Selling to a land buying company can take as little as a few days to 8 weeks.

What costs will I pay if I sell my vacant land myself in New York?

If selling FSBO, expect to pay for marketing/ads, signage, site cleanup/prep, legal paperwork and transfer fees. Hiring a broker generally costs 8-12% in commissions.

What questions should I ask land buying companies to vet their legitimacy?

Ask how long they've been in business, if they have a real estate/broker license, what their average closing timeline is, if they resell or keep the land, and what title/closing costs you will pay. Screen thoroughly.

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.

View PROFILE

Related Posts.

All Posts