Selling Commercial Land in Pennsylvania (The Easy Way)

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Selling Commercial Land in Pennsylvania (The Easy Way)

Bart Waldon

Let's face it - Pennsylvania's a pretty special place. From the bustling streets of Philly to the rolling hills of Amish country, the Keystone State's got a little bit of everything. But if you're sitting on some commercial land and thinking about selling, you might be wondering where to start. Don't worry, we've got you covered.

Before we dive in, let's talk numbers for a second. Did you know that over the last 20 years, Pennsylvania's farmland has shrunk by about 6%? That's according to a 2022 study by Penn State University. At the same time, more folks are moving into areas that used to be prime farming spots. What does this mean for you? Well, it could spell opportunity if you've got commercial land in the right place.

Now, I know what you're thinking - selling land sounds like a headache, right? But it doesn't have to be. With a little know-how and the right approach, you can turn that plot of yours into cold, hard cash without losing your mind in the process. So, let's break it down and make this as painless as possible.

Understanding the Lay of the Land (Pun Intended)

First things first - you've got to know what you're working with. Pennsylvania's not just about cheesesteaks and the Liberty Bell (though those are pretty great). The state's got a diverse economy that's always changing, and that affects the value of your land.

Think about it - you've got big cities revamping their looks, the whole Marcellus Shale natural gas boom shaking things up, and companies always on the hunt for good spots to set up warehouses. All of this can make your land more valuable to the right buyer.

Getting Your Ducks in a Row

Before you stick that "For Sale" sign in the ground, there's some homework to do. Don't worry, it's not as bad as it sounds:

Know Your Property Inside and Out

Take a good look at what you've got. Where are the property lines? What's the soil like? Are there any environmental issues lurking? Knowing this stuff makes you look like you've got your act together (which you do, right?).

Paperwork, Paperwork, Paperwork

I know, it's not the fun part, but it's important. Gather up all those boring but crucial documents - deeds, tax records, zoning info, the works. Trust me, having this ready will save you headaches down the road.

Clean Up Your Act

No, I'm not talking about your personal life (that's your business). But giving your property a little TLC can go a long way. Clear out any junk, mow if you need to, maybe even slap a fresh coat of paint on that old sign. First impressions matter, even with land.

Pricing: The Million Dollar Question (Maybe Literally)

Alright, time for the tricky part - putting a price tag on your slice of Pennsylvania. Here's how to avoid shooting yourself in the foot:

Snoop Around (Legally)

Check out what similar properties in your area have sold for recently. It's not a perfect science, but it'll give you a ballpark figure to work with.

Talk to the Pros

Local real estate agents who know commercial properties can be goldmines of information. They've got their finger on the pulse of the market and can give you the inside scoop.

Think About the Future

Is your area the next big thing? Are there plans for a new highway or shopping center nearby? This kind of potential can bump up your asking price.

Do the Math

Don't forget to factor in what it costs you to hold onto the property. Taxes, insurance, upkeep - it all adds up. Make sure your price takes this into account.

Getting the Word Out

Now that you're ready to sell, it's time to let people know. Here's how to spread the word without feeling like a used car salesman:

Put Together a Killer Property Package

Think of this as your land's resume. Good photos (maybe even some drone shots if you're feeling fancy), maps, and all the important details about the property. Make it easy for potential buyers to fall in love with your land.

Get Online

These days, if you're not online, you might as well be invisible. Use websites like LoopNet or CoStar to list your property. And make sure your listing looks good - no blurry photos or typo-ridden descriptions, please.

Network Like a Boss

Get out there and mingle with the movers and shakers in commercial real estate. Join some local business groups, go to industry events. You never know who might be looking for a property just like yours.

Don't Forget the Basics

Sometimes old school works best. A well-placed "For Sale" sign or an ad in the local business journal can catch the right person's eye.

The Easy Button: Selling to Cash Buyers

Okay, let's say you're reading all this and thinking, "This sounds like a lot of work." Well, you're not wrong. But there's another way, and it's pretty darn easy.

Enter the cash buyer. Companies like Land Boss (they've been at this for 5 years and have over 100 land deals under their belt) specialize in buying land quickly and with minimal fuss. Here's why it might be worth considering:

Speed is the Name of the Game

Cash buyers can often close deals faster than you can say "escrow." Okay, maybe not that fast, but you get the idea.

Keep It Simple, Stupid (No Offense)

Selling to a cash buyer usually means fewer hoops to jump through. No banks to deal with, no financing to fall through at the last minute.

As-Is Means As-Is

Most cash buyers will take your property as-is. No need to pretty it up or fix every little thing.

Skip the Dog and Pony Show

Forget about endless property showings and open houses. Cash buyers often make offers based on their research, saving you time and energy.

Now, I know what you're thinking - "What's the catch?" Well, cash offers might be a bit lower than what you'd get on the open market. But when you factor in the time and hassle you're saving, it might just be worth it.

Final Thoughts

Whether you decide to go the traditional route or take the express lane with a cash buyer, selling your commercial land in Pennsylvania doesn't have to be a nightmare. The key is to know your options and pick the path that works best for you.

Remember, Pennsylvania's land market is always changing. What worked for your neighbor last year might not be the best move for you now. So stay informed, be flexible, and don't be afraid to ask for help when you need it.

At the end of the day, your goal is to sell your land with as little stress as possible and for a price that makes you happy. And hey, once the deal is done, you can celebrate with a cheesesteak. You've earned it.

Frequently Asked Questions (FAQs)

How long's it going to take to unload my commercial land in PA? 

Well, that's the million-dollar question, isn't it? Truth is, it's a bit like asking how long a piece of string is. Could be a few months, could be a couple of years if you're going the traditional route. Depends on where your land's at, what the market's doing, and if you've priced it right. Now, if you're in a hurry, outfits like Land Boss might be your ticket - they've been known to wrap things up in weeks. Just something to chew on. 

Do I really need to get a realtor involved in this? 

Look, nobody's going to twist your arm about it. A good commercial realtor can be worth their weight in gold - they know the market, they've got connections, and they can haggle like nobody's business. But here's the thing - if you're looking to keep it simple and fast, you might want to think about selling straight to a land buying company. No realtor needed, and you'll skip a lot of the song and dance. 

What's really going to make or break the value of my land?

It's not just one thing, that's for sure. You've got to think about where it's at - is it easy to get to? What can you actually do with it according to the zoning laws? How close is it to the action (you know, cities, highways, that sort of thing)? Don't forget about the land itself - is it flat as a pancake or hilly as all get-out? And of course, what's the local economy doing? Is the area booming or bust? It's like a big puzzle, and all these pieces matter. 

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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