Selling land is a different process than selling a 3bd/2ba house and can require a bit more effort. But, if you take the time to market your property properly, you can make a good profit and be happy with your sale.
Some land owners rely on traditional real estate agents to sell their property, but others attempt to sell it on their own. Both methods are valid, but you’re more likely to get top dollar if you do a little research first. This article will show you five simple ways to sell your land faster and get the most money at closing.
Start by determining the highest and best use of your land. This is important because it will help you determine what type of potential buyers there are and what price they’re willing to pay. For example, a plot of land in an established neighborhood is much easier to sell land than one in the middle of nowhere because prospective buyers can see what types of homes they might build on it.
Next, consider whether or not it makes more sense to split your land into smaller parcels. Depending on your local market, splitting up your land may help you sell it more quickly and for a higher price. Finally, you’ll want to look at comparable sales in your area and talk to a real estate agent to understand what the current market trends are.
Advertise your property in a variety of ways, including on the multiple listing service (MLS) and Craigslist. In addition to listing the property on these platforms, you should put up a sign that gives people your contact information and a phone number where they can call to learn more about the property. If you’re not comfortable giving out your personal phone number, you can set up a free or inexpensive second number to use just for marketing purposes. This will help you protect your privacy while still letting potential buyers know that you’re serious about selling your land.
Once you’ve advertised your land, you’ll need to schedule showings. During these showings, you’ll need to be ready to answer any questions that potential buyers might have about the property. This includes explaining zoning laws, boundaries, and other details. You might also need to point out features that will be attractive to buyers, such as a pond, well or sewer system, trees, landscaping, or a barn.
Always offer to let buyers walk the land before they purchase it. This is a step that’s often overlooked for home sales, but it’s just as important for land sales. By offering to walk the buyer through your property, you can build a rapport with them that will help you close the deal.
If you’re unsure about how to sell your land or you’re having trouble finding a buyer, we can help! Our experienced team can guide you through the entire process and ensure that your transaction is as smooth as possible. Get in touch with us today to see how we can help you sell your property for the maximum possible price!