5 Unconventional Ways to Sell Land

 

Thinking outside the box is necessary for today’s fluctuating market, especially if you’re trying to sell your land. The land market fluctuates in price along with other real estate markets and depends on many variables, including location, interest rates, property details, and buyer confidence. 

If you own land and have been thinking of selling it or have had difficulty getting any interest from anyone on a property already listed for sale, this article is for you. We will discuss five unconventional and creative ways to help you sell your land for top dollar so that you can get on with other projects. Keep reading to learn more.

Sell Your Land to Neighboring Property Owners

If you’ve been thinking about selling your land but don’t know where to begin trying to sell it, the best place to start is by conversing with your neighbors. Neighbors often have the greatest incentive to buy your property as it can help add space and value to their existing property and keep others from developing a property next door. 

This is especially the case where housing shortages and increasing home prices have increased development. Depending on zoning standards in the area where your property is located, your neighbors may want to avoid industrial or high-density housing from being developed next door to their home or land. 

Despite the motivation to own your land, it might become tricky when negotiating a fair price with a neighboring property owner due to fluctuating prices and discrepancies in what they believe your land is worth. Using local comps and recent sales in your area is the best way to price your property and negotiate a price. 

Trade Your Land for Something Else You Can Sell

As mentioned above, thinking outside the box can sell your land faster. Another creative idea to help you sell your land is trading it for something else you can sell. The first step in this process is getting an approximate value for your property. This can be done by looking through recent sales of comparable properties or getting a certified land appraisal from a real estate agent. This information gives you a better idea of what you can trade your land for. 

You can trade your land for several things; the first thing land is typically traded for is another land property. Other items you can exchange your land for are boats, recreational vehicles, cars, watches, jewelry, or precious metals. 

Of course, the sky’s the limit in this transaction, so don’t be afraid to consider all offers. You can find potential trading partners by using online sites like Craiglist and FacebookMarketplace and placing ads in your local newspaper. 

Rent Your Property on Hipcamp or to Campers 

Another unconventional way to make money off your real estate is renting it out for recreational activities. If your land is near a major attraction, has scenic views, or is on a rushing trout stream, people will pay you money to go camping for the weekend, a week of trout fishing, or maybe relax and enjoy the wildlife. 

One of the first things to do is to provide basic services on your land and make sure it is easy to access by clearing up downed trees and underbrush. Then, you can make a simple campsite with electricity and water, if available, and instructions on how to clean up the property upon leaving.

You can rent your property by yourself, but it may be easier to work with a site specializing in private land rentals like Hipcamp. This company can handle all the paperwork for you, and all you’ll need to do is cash the checks. It’s a great way to make extra income on property that’s not being used.

Host a Live Auction

If you’re not getting any bites on your land listing, a live auction can generate interest and create urgency among buyers. Buyers know at an auction that if they don’t make a decision quickly, then the auctioneer can yell “sold” and they may have missed out on their dream property.

Many communities have local auctioneers, and a simple online search can help you find someone who understands the importance of advertising a land auction and can handle many of the details. For example, you’ll want to set a reserve price for your land to protect your investment in case buyers don’t want to bid higher.

Sell Your Land to a Land Buyer 

If none of these unconditional ways to sell your land appeal to you, then selling your property to a land buyer can be a quick and easy way to sell it. An online search can find potential buyers near you or ask a local realtor if they know anyone buying land. Selling to a land buyer is a quick way to sell your land, but you might get less than you want since land buyers typically offer less than market value. 

If you’re still unsure if you want to sell your land, then consider renting it out for others to enjoy while you make up your mind and the market improves. Working with an auctioneer can also generate interest. However, if you decide to sell your land, have a price in mind before the negotiations begin, and if you’re not in a hurry to sell your land, you may want to hold out longer for a better offer.

Deciding to sell your land is always a challenging decision, and in a tight economic market, it can take time to find the right buyer. However, creatively thinking outside the box can help you build more interest in your land listing, and talking to your neighbors may get the deal done.