Selling vacant land through traditional real estate routes can be a lengthy process. You’ll have to hire a property appraiser, do some sell vacant land with Land Boss paperwork and hope that you can connect with the right buyer.
But what if there was a quicker and easier way to sell New York land? This is where land companies come in.
Get a fair offer
Investors are a major force in the land market. They are willing to invest money in land and then flip it for a profit or develop it into a new community. This type of buyer is different than a retail buyer who will need a home loan and has to take time to decide if they want to buy the property.
The key to marketing your vacant land to investors is being transparent. Having information about your land’s boundaries, utilities, and zoning available can speed up the process and make it easier for investors to close on a deal.
It is also helpful to get a professional appraisal for your land. This can help you price it competitively and avoid a lengthy sales process. A company that specializes in buying vacant land will have an established track record and a streamlined process. They will assess your property’s value and offer a fair cash offer for your land.
No commissions
Traditionally, real estate agents charge a commission when selling property. This fee typically comes from the seller’s side of the sale and is usually a percentage of the sale price. The fee is designed to cover the costs of listing and promoting the property, securing buyers, and processing the sale.
Vacant land sales can be complex and require more legwork than traditional home sales. Commissions for vacant land can reach 8% or more. These fees are higher than residential properties because of the specialized knowledge and expertise needed to sell land.
To reduce these fees, consider selling your land to a local company that buys land for cash. Look for a reputable company with an established history and proven industry knowledge of land transactions. They should also offer clear terms and a transparent process. This will help ensure a fast, stress-free experience. This will save you money and time. You will also be able to avoid paying agent commissions.
No hassle
Selling vacant land can be a complicated process. It can involve lengthy listing periods, hefty commissions and potential legal hurdles. Luckily, there are ways to simplify the process and sell your property quickly for a fair price.
Vacant land is a niche real estate market, so the pool of buyers is small. It can also be difficult to determine its fair market value because there are usually few comparable sales to use as comparisons.
Fortunately, you can streamline the process and get top dollar for your land with the help of a land-buying company. A reputable company will take care of everything from valuation to closing, so you can focus on your next adventure.
Fast closing
Using the right strategies, selling vacant land can be quick and hassle-free. Pricing appropriately, aggressive marketing, and partnering with a cash buyer focused on land deals minimize the time it takes to go from unwanted land asset to cash in hand.
Taking a traditional real estate agent route can require substantial time investment meeting buyers, navigating inquiries, and preparing for showings. Choosing an established cash buyer focused on simplicity like Land Boss can eliminate these headaches and accelerate the sale process.
During an extended sales timeline, you continue paying property taxes, maintenance costs and mortgage payments (if applicable). These ongoing expenses can significantly reduce your return on investment. Choosing to sell now may maximize your return by freeing up funds for better use. In addition, a good cash buyer like Land Boss will absorb all normal seller closing fees versus deducting them from the sale price, saving you thousands. That’s a big difference!