Selling land is different than selling a home, as the property requires more imagination to figure out its best use. That makes it more challenging to sell, but it doesn’t have to be impossible if you do your research and prepare for the process. Here are some tips to help you sell land in a quick and efficient manner.
If you’re selling raw land, get topographical surveys, estimates from utility companies, renderings and projected income calculations done by professionals before you list the property for sale. This will show buyers what they’re getting for their money and make them more likely to buy.
It’s also helpful to have aerial photos of the property to showcase its location and make it more appealing. Aerial photos of the property can be viewed by potential buyers before they even visit the site, which can save time and money for both parties.
The most common way to sell land is through a real estate agent, though it’s also possible to do it on your own if you have the right marketing materials and know how to market your property. Whether you work with a real estate agent or on your own, it’s important to price your land according to its value and market it aggressively.
When you’re ready to close on the sale, it’s important to have a lawyer with experience in land sales. This person will ensure that all financial transactions are recorded properly and that the transfer of deeds goes through without any issues. They will also be with you through the closing to answer any questions and provide guidance.
After your property has been sold, it’s a good idea to prepare a closing statement and deed. These documents will provide an official record of all financial transactions that took place during the sale and give the buyer a clear understanding of what they’re purchasing. Depending on the state, you may also need to file a disclosure form, which will reveal any environmental issues or other problems that could impact the sale.
If you’re looking for a fast, hassle-free way to sell your land, the Marsh & Partners real estate consultants are here to help. Contact us today to learn more about our services or schedule a consultation.
