I Want To Sell My Land

So you have made the decision to sell your land. Maybe you have decided that you want to live somewhere else, or you just discovered that life in the city with your own apartment is more like your vibe. Whatever the case may be, it’s perfectly fine to let go of your land investment to venture into new things.

But most landowners did not consider that they would sell their land someday when they made the purchase. So how exactly do you go on with selling your land? Read on to find out the best way to find a buyer for your property without having to experience all the big mistakes that first-time land sellers have to go through.

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Sell Your Property to Land Companies

Selling land is hard, but selling rural land is more challenging. Adding other factors such as the location of your property and unstable economic conditions will make it even harder. In fact, it can take months and even years for you to sell your land.

But we are here to help you find a buyer for your prized real estate. On top of our list of solutions is to sell your property to land companies. Land companies are private firms whose main purpose is to buy your land and sell it for a profit. They will remove the difficult part of the process which requires most of the leg work and will be able to give you cash for your land in as quick as a few days!

The main benefit of selling your land to land companies is that you’ll save a lot of time in going through the whole process of preparing your land for sale, marketing it, and closing a deal. One of the downsides is that you have to be prepared to sell your land below market value.

If you think this option is something that you should consider, you can connect with us here at Land Boss. Aside from giving you the opportunity to liquidate your property for quick cash, we can also give you the most straightforward real estate transaction of your life. We will take care of the paperwork, back taxes (within reason), issues with joint tenants (if applicable), notarization, title issues, usability issues, and other things you need to sell your property easily!

There are many companies like us who would be willing to buy your property directly. But you always have the choice to sell it on your own or through realtors. The next sections will discuss these options.

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What To Expect If You Sell On Your Own

Selling your land on your own is a possibility, though it comes with a lot of challenges. Many people have done it before and it's definitely doable given the right guidance. You can check out our article on how to sell land without a realtor for a list of tips that you can follow.

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Be Prepared To Invest Time and Effort

You will have a lot of flexibility if you will decide to sell your property yourself. It can also be a learning experience if you plan on doing it again. But the reality is that the whole process will take a lot of effort and it is not going to be easy.

There are a number of advantages that you can get if you decided to take this path. One of which is that you will eliminate the commissions that you have to pay to real estate agents. Selling your property yourself will also ensure that you will not compromise on the market value of your property.

On the other hand, you have to be prepared for the fact that it will take a long time to find a suitable buyer. Most of the time, selling land when it is undeveloped can take as quickly as a few months but can be as long as years! Take California for example, the average time that it will take to sell land in the state is 235 days! The number is much higher for rural areas which will even take 1-2 years.

You May Need to Offer Seller Financing

In order to expedite the process of selling your property, one of the schemes that you can implement is seller financing. Basically, you will allow your buyer to pay you in installments for a certain agreed period. You may add a little bit of markup or interest. Seller financing is much better compared to asking banks to finance the sale because banks rarely approve loans on raw land since the 2008 market crash. Banks will typically ask for a number of financial documents that most buyers cannot provide, therefore making the process harder.  

In some instances, buyers would also be willing to buy your land in cash. By doing so, some of them will be asking for a discount. If it happens, you should be prepared to offer a reduced price in exchange for the upfront payment.

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How About Selling with Realtors?

Most of the time, selling your property with realtors is the easiest route that you can take in finding the right buyer for your property. Though selling yourself is a great option, it might just be for everyone. If you’re someone who is considering asking for help from real estate agents, here are some things that you should expect.

Be Prepared to Pay Commissions

One of the most obvious downsides of selling through realtors is the steep commission that some agents will slash from selling your property. On average, their fees play in the 6-7% range but can also be as high as 10%.  These fees can be justified since they will do most of the things needed to ensure that you will get a buyer, but if you’re not ready to let go of a significant chunk of your money for their fees, then this is definitely something that you should consider.

If Possible, Hire a Land Specialist

Most realtors are experts at selling real-estate properties with houses, but vacant lands are entirely different. Aside from the fact that structured properties are easier to sell, buyers of raw land usually have different lists of requirements in mind. That is why hiring a land specialist should be at the top of your considerations if you will decide to go with realtors. Find someone who already knows the market and has experience in selling raw land so you will have fewer things to worry about.

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Bottomline: Land Companies Might Be the Best Option

Now that we have run through the top possible options in finding a potential buyer for your property, you might consider that the best way to sell your land is through land companies.

Selling your property through land companies gives you a higher guarantee of getting cash faster. Land companies will also eliminate most of the headaches with land selling, which will definitely arise whether you go through real estate agents or do the sale yourself.

If you are ready to sell your land through Land Boss, contact us today and we will prepare an offer for you in as fast as two days!

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