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September 16, 2017Selling Vacant Land Property For Fast Cash
Do you want to sell your land property fast? Selling vacant land fast can be a challenge. Sales cycles for land sales are typically longer than homes or other types of real estate and there are some unique challenges that make selling land harder than selling a home. However, with the right approach selling your land property quickly can certainly be possible. Here are a few tips that can reduce the sales cycle and help you to get some fast cash for your land.
Here are some tips on how to sell vacant land quickly
• Price it right
People are always looking for a deal and pricing your land at the lowest price possible is one way to attract the attention of motivated land buyers. Check out local listings and see what comparable land properties are selling for and try and price your property competitively. The lower your willingness to list the property the more likely you are to sell your land fast.
Price is king, so pricing your land property right is one of the first steps to finding a motivated buyer and selling your land fast. Keep in mind that most buyers will be paying cash for land, as bank financing is harder to acquire so they’ll be more motivated to save those hard-earned dollars and will want to make sure they’re getting the best deal possible.
Giving them a deal they can’t pass up is going to be one sure-fire way to get to find a motivated buyer that’s ready to close fast and buy your land in a hurry. If selling your land cheap or taking a loss doesn’t sound like something you’re ready to do here are some additional tips that will help increase the likelihood of selling your land quickly.
• Give people the information they need to make a decision.
Do the research on the land property beforehand and make sure it’s part of your presentation and included in your land listing. Informed land buyers are more likely to make a decision which makes selling your land fast much more possible because it eliminates the buyer having to go and find out all of this information on their own which will just slow down the process of selling your land and may lead them to another property that is listed.
Check with the county beforehand, find out all the info that you’ll need to inform your buyer and make them feel confident that your land property is a good fit for them. Most people will want to know what they can do with the land property so make sure you’re ready to give them the information they need.
Check with the county offices to gather information on zoning and land property use. Be ready to answer questions on land use and what’s possible. Sell your potential land buyer on what’s possible, which may be hard to visualize or imagine without the right information.
• Increase your exposure – find multiple listing sites to sell your land
Getting as many people to see your land property is key. Find as many different land listing sites or places you can sell you land. Luckily in the age of the Internet, there are various resources that are perfect for selling your land online.
The trick is to get as many eyeballs as possible on your land, which will increase the likelihood that you’ll find a land buyer and sell your land fast. There are a ton of websites that work well for selling land and here is a list of some of the top land listing sites.
If your looking to sell your land as fast as possible you’re going to want to get it listed on as many of these as possible which should help increase the amount of exposure to your land listing.
Examples include:
Since the key here is to sell the land fast it requires that you must be proactive in your approach and put in the work so that you can find a motivated buyer who is the right fit for your property.
Answer your phone when it rings or make sure and call back any potential buyers and leads as soon as possible and be ready to answer their questions on the spot once you’ve pick up the phone.
Make sure and keep any contact information they’ve given you and follow up with them whenever possible to make sure they have everything they need to make a decision. You would be surprised how many “professionals” in real estate seem to miss this one. Communication is key and potential land buyers will want to find out more about your property.
Answering calls, being informed, and able to answer any questions about the land property will make you seem more credible in your buyers’ eyes and they’ll be more confident buying a property from you.
• Sell Buyer Direct – Find a Vacant Land Buyer
One of the fastest ways to sell your vacant land is to sell directly to your land buyer. If you have a motivated buyer that’s ready to buy your land property and you want to sell your land fast you want to arrange the deal directly as soon as possible. Waiting for 3rd parties to go back and forth can take days and sometimes deals fall through because your land buyer finds another piece of land for sale that they like better.
If you’re comfortable communicating with potential land buyers then try and put an agreement together on your own and find a local title company that can handle the escrow and ask that they set up as quickly a closing as possible. If you’ve priced your property right you can ask that the buyer wave any contingencies or inspection periods and ask for a quick closing.
Find a simple purchase agreement online or have one drafted and have the buyer sign it based on the terms that you’ve agreed upon. Once you have a signed agreement you can find a local title company or Real Estate attorney and have them run title on the land property and handle escrow. This part seems more complicated than it is and your agreement can be fairly simple, especially if it’s a lower value property.
Consult with a professional if this seems too complicated but know that being in control of the process of arranging the deal is one way to speed up the process and sell your land fast.
Looking for Vacant Land Buyers
How can I sell my land quickly? Selling vacant land fast can be a challenging process and requires some effort on the part of the seller to make sure they find a motivated land buyer and can close a deal quickly, however with the right game plan and a proactive approach you’ll be trading your land for some cash in the bank in no time.
As a network of land buyers, Easylandsell.com has the resources to guarantee payment and can provide you with multiple interested parties ready to make you an offer. Easylandsell.com buys raw and vacant land for sale in Washington, Texas, California, Arizona, Costilla County, Colorado, Florida, Oregon, Hawaii, North Carolina, South Carolina, Georgia, Massachusetts, Michigan, Mississippi, Missouri, Oklahoma, Virginia, Minnesota, Pennsylvania, Indiana, Arkansas, and many more.
