Why We Love Buying Nevada Land in Cash

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.
Why We Love Buying Nevada Land in Cash
By

Bart Waldon

Nevada, the Silver State, draws over 50 million visitors a year to its scenic deserts, mountain ranges, and vast open spaces. With few zoning restrictions and regulations, much of its sparsely populated 16.2 million acres provides prime opportunities for buying affordable raw land for outdoor recreation, off-grid living, or real estate investing.

What Attracts Buyers to Use Cash for Nevada Land Purchases?

The allure of paying cash for vacant land plots across Nevada stems from various advantages. For one, properties tend to sell at reasonable costs compared to more populated areas because rural developments require less infrastructure. Nevada’s construction-friendly regulations also pose fewer barriers for building vacation homes or hobby farms aligned to owners’ visions. With no state income tax levied on individuals, Nevada further entices retirees and remote workers hoping to establish residency.

Between the value, flexibility, and tax incentives Nevada provides, convenient cash purchases enable buyers to grab appealing parcels quickly rather than dealing with mortgage contingencies. Those offering sellers prompt funds in hand can readily secure holdings that align with their needs among the wide-ranging terrain available.

Top Reasons Nevada Land Sellers Welcome Cash Offers

Over years assisting both buyers and sellers of Nevada land, some motivations regularly arise for owners to accept wholesale cash prices instead of holding out for higher list prices reliant on traditional bank loans.

Avoid Burdens of Marketing and Negotiating Sales

Selling land at full market value takes extensive marketing across multiple online and offline platforms to attract prospective buyers not already actively searching for land. Rural acreage lacking nearby utilities requires even more legwork finding that niche buyer willing to develop the property.

For-sale-by-owner sellers must screen buyer leads, address info requests, schedule site tours, counter low offers, negotiate terms/pricing, and pay legal fees to close sales. With direct cash offers simplifying this lengthy process into a straightforward land purchase, Nevada owners often choose this route to conveniently shed unused assets without the sales burdens.

Cash buying companies will assess parcel attributes and location advantages to present competitive wholesale offers. Accepting such pricing provides guaranteed funds now rather than unknown traditional sale outcomes dependent on buyers lining up financing.

Sidestep Financing Fallouts That Foil Deals

As mortgage rates and lending barriers rise, fewer buyers readily qualify for loans. Vacant land lacking livable structures or income potential poses particular challenges securing financing. Owners hoping to sell scenic Nevada plots for eventual hobby farms, RV lots, cabins, or off-grid homes consequently struggle finding capable buyers able to mortgage such properties.

All-cash deals remove pre-approvals and loan denials from torpedoing sales. Cash buyers purchase land outright without loans or needing lender appraisals. This gives owners confidence of smooth closings rather than pending offers crumbling over shaky buyer financing. Sellers needn’t worry whether the buyer has sufficient income or credit to close on the land.

Expedite Sale Timelines with Faster Cash Closings

Selling land through traditional channels demands patience as owners await buyers willing to meet full listing prices that make selling rural or undeveloped acreage worthwhile. Parcels lacking accessible water, power, paved road access, or other utility hookups tend to languish on the market even longer - often 1-2 years on average.

For Nevada land owners paying taxes on vacant holdings or needing funds sooner, cash sales allow deals to finalize promptly. As direct buyers, cash investors prepare necessary paperwork and can close within days or weeks of accepted offers rather than months stalled waiting on lender approvals. By forgoing lengthy appraisal and financing processes, cash deals progress smoothly and minimize delays.

Dodge High Agent Commissions and Legal Fees

Nevada owners selling land independently often eventually enlist a knowledgeable broker to market properties after initial attempts alone fall short. Real estate agent commissions consume up to 10 percent of final sale prices. Hiring real estate attorneys also means paying $500 or more in legal fees for sales contracts and title transfers.

Cash offers allow sellers to bypass both hefty agent payouts and certain closing costs. As buyers directly preparing purchase agreements, cash investors have internal teams to handle legal paperwork. With fewer documents and fees at closing while avoiding commission splits, owners retain more net sale proceeds.

Resolve Estate and Probate Challenges

Transferring partial ownership rights among multiple heirs with undivided interests frequently stalls land sales unless all parties agree to sell jointly. Unresolved pending estates likewise may sit in limbo for years as beneficiaries manage asset distributions. Wholesale cash purchases help simplify conveying assets tied up probating wills or settling disputed estates.

Cash buyers often partner with estate administrators, trustees, and beneficiaries on properties stuck under joint ownership without clear paths forward. For inheritors needing quicker payouts, cash sales distribute assets to heirs effectively.

Common Nevada Land Sellers Reaching for Cash Offers

Over the course of analyzing hundreds of rural Nevada land deals, some prevalent scenarios commonly motivate owners to sell for cash.

Absentee owners - Those residing remotely unable to directly oversee vacant acreage maintenance often choose liquidating through cash rather than sinking more resources into rarely visited land.

Senior downsizing - Retirees looking to unload hobby ranches or recreation parcels to secure extra retirement income appreciate the straightforwardness of cash offers.

Lien holders - Owners facing property tax or mortgage arrears may sell encumbered land via cash to halt foreclosure and additional credit damages.

Estates and trusts - Heirs and trustees tasked with paying taxes on inherited land regularly opt for cash sales to resolve asset distribution especially on unused properties.

Speculators - Developers, investors, or builders land banking dormant acreage without short-term improvement plans sometimes decide cashing out beats waiting indefinitely.

Financial duress - Job losses, medical issues, divorces, or household cash crunches occasionally force hurried land sales through wholesale cash channels rather than pursuing potentially higher listing prices.

So, while individual situations vary, cash buyers lend helpful solutions for Nevada land owners that inherited untenable properties or whose circumstances changed where maintaining land grew burdensome. Sellers find comfort knowing cash deals conclude sales swiftly and securely within weeks rather than months or years awaiting traditional buyers able to finance and close on rural land purchases.

Those considering potential sales of Nevada properties are encouraged to consult with reputable local land professionals to weigh options and determine whether pursuing cash offers could make for an optimal exit strategy given their situations. With professional guidance on property values and no-obligation offer assessments, land owners can evaluate if a cash sale now enables wiser financial outcomes vs waiting indefinitely for ideal buyers.

Final Thoughts

Buying and selling real estate often follows traditional channels requiring extensive coordination between buyers, sellers, agents, attorneys, and lenders for deals to progress. However, cash purchases streamline processes so owners seeking quicker exits from Nevada land holdings can directly transact with cash investors. Without financing contingencies or selling burdens, cash deals resolve stuck asset situations freeing up time plus net proceeds for sellers. Ultimately, cash buyers serve an important role offering viable exit strategies that simplify transfers so land owners transition their properties on attractive terms. When needing to liquidate or tired of waiting for ideal timing, connecting with reputable cash land buyers makes it easier for Nevada land owners to move on.

Frequently Asked Questions (FAQs)

What are the benefits of buying Nevada land with cash?

Purchasing Nevada land with cash offers many benefits, including expediting timelines with faster closings, avoiding financing issues, mitigating risks, and negotiating better land pricing compared to financed purchases. Cash buyers can finalize sales in as little as a few days versus months for traditional deals.

What types of land do cash buyers look for?

Cash buyers like to purchase rural land plots with below market value pricing, including acreage in desert settings, along rough dirt roads, lacking utilities access, with zoning and usage flexibility, and from motivated sellers with few competitive purchase offers to drive up pricing.

How much under market value do cash buyers pay for land?

Cash land buying companies typically aim to purchase property substantially under retail market prices, often 30-60% less depending on factors like utilities accessibility, infrastructure requirements, permitting needs and demand dynamics impacting the land’s ease of development. For more remote or challenging land, the wholesale discount that a cash buyer offers increases correspondingly.

Who typically sells land to cash buyers in Nevada?

Common types of Nevada land sellers opting for cash exit strategies include out-of-state absentee owners, senior downsizers, lien holders facing tax or mortgage obligations, pending estates, inactive speculators and investors, as well as owners facing financial duress.

What contingencies come with a cash offer?

Cash offers are “as-is,” meaning buyers accept the land condition without further negotiations for repairs. However, standard contingencies giving buyers the option to cancel if they uncover issues like hinderances preventing intended use or defects reducing value still apply with cash deals. Standard due diligence applies.

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