The process of selling land can be difficult for many property owners. Some may have inherited property that they want to sell or need to make a quick sale due to a financial emergency or job loss. Regardless of the reason, selling land can take months to complete and often involves a lot of paperwork. Fortunately, there are some things you can do to make the process easier and help speed up the sale.
Identify your target buyers and optimize your listing. This includes determining the type of land you have and what it is zoned for, as well as the types of utilities that are available. You should also include a topographical survey, estimates from utility companies, renderings and other information to help potential buyers visualize what the land could look like and make it more appealing. It’s important to have these details ready so you can answer questions quickly and make the transaction smoother for everyone involved.
Get the word out by advertising online, in print and through other real estate outlets. This includes creating a Craigslist ad and using social media to reach a wider audience. It’s also helpful to hire a local agent who specializes in selling land. They can guide you through the steps and provide additional marketing tools to reach your target audience.
Consider offering seller financing. This can be a great incentive for some buyers and can help you sell your land faster. You’ll need to decide whether you’re going to offer a lease-to-own or deferred payment option. You’ll also need to determine the terms of any agreement and complete any disclosure forms that are required by your state.
Commercial land is land that’s designated for business use and can include anything from office buildings to retail centers. This type of land is typically sold to developers who will build and then lease the property.
Farmland is land that’s used for growing crops and raising livestock. These are generally large acreage lots and can be sold to people who want to continue farming or to developers who are looking to create new farmland for businesses and residences.
Inherited property is usually difficult to sell, so you’ll want to consult with a professional estate planner. This person can advise you about the best way to proceed and help you find the right buyer.
If you’re unable to sell your property, you may have better luck selling it to a company that buys properties for cash. This can save you money in the long run and make the entire process less stressful. If you’d like to find out more about how we can help, please contact us today. We have helped countless homeowners in New York sell their inherited properties and get on with their lives. We’ll even pay for the appraisal and closing costs if you choose to work with us! Unlike traditional agents who charge commission, we don’t. Our goal is to help you sell your inherited property fast and stress-free.