Thinking about selling your vacant land to a Land Buying Company?
Here are 3 tips on how to pick the right ‘We Buy Land’ company…
- Contact more than one Land Buying Companies
- Get ’em on the phone
- Use a middleman to handle the transaction
- Sell land.
If you’re looking to sell your land fast then you may want to sell your land to a professional land investor.
A land buying company can make selling your vacant land quick and easy.
Typically, a land investor can get you cash in your pocket in as little as 30 days.
1. Contact More than One Land Buying Company
Perhaps you have received letters in the mail offering to buy your vacant land. Save those letters and contact those land buying companies.
Do a quick internet search for ‘sell my land fast’ and contact 3-5 of the top websites you find.
And, fill out our form and tell us about the land you want to sell. We’ll send your property’s information to our network of 12 professional land buyers.
2. Get ’em on the Phone
You can tell a lot about a land buying company just by talking to them on the phone.
Heck, do they even answer their phone?
Here are some questions to ask your prospective land buying company…
- Have you ever bought a property in the county where my vacant land is located?
- Can you provide a reference from the title company or attorney you’ve worked with?
- Tell me about the last purchase you did? How long did it take?
3. Use a Middleman to Handle the Transaction
Land Buying Companies typically buy their properties remotely.
This means the land investor you are working with may be based out of a different state than where you live or where your property is located in.
A ‘remote closing’ is very common in selling vacant land.
Check out our tips on how to safe when selling your land to someone you haven’t met in person….
There are two types of ‘middlemen’ that a Land Buying Company would use to handle the purchase and sale of your vacant land…
A Title Company or Attorney
- Typically used for purchases of $5,000 or more
- They are legally obligated to make sure you get the proceeds from the sale
- They prepare all the legal documents to ensure a correct transfer of ownership
- You won’t get your funds until a few days after the ‘closing’ (unless you physically appear in an office)
A Notary Public
- Will hand you a cashier’s check after you sign legal documents to sell your property
- Typically used for purchases under $5,000
Whether the Land Buying Company you choose opts for a title company, attorney or notary public, it’s recommended that you don’t sign any legal documents to sell your property without ensuring funds are in place and ready to be sent to you.
Contact 12 Land Buying Companies Right Now
Fill out our form and tell us about the vacant land you want to sell.
We’ll send your property’s information to our network of 12 different Land Buying Companies. It’s free and just takes a few minutes. You’ll get cash offers for your vacant land.
Evaluating Land Buying Companies – Tips for a Successful and Safe Sale
Selling your vacant land to a professional land-buying company can be an efficient way to get cash quickly. However, it’s essential to carefully evaluate the legitimacy and reliability of the company you choose. Beyond the tips already provided, here are additional strategies and insights to ensure a smooth and secure transaction while making the most of “we buy land” and “sell land” opportunities.
1. Research Online Reviews and Testimonials
One of the most effective ways to gauge the legitimacy of a land-buying company is by checking its reputation online.
- Look for Verified Reviews: Platforms like Google Reviews, Better Business Bureau (BBB), or Trustpilot can provide insight into the experiences of past sellers.
- Seek Specific Examples: Reviews that detail successful transactions, timelines, and professionalism are strong indicators of a trustworthy company.
- Watch for Red Flags: Be cautious of companies with little to no online presence or a history of unresolved complaints.
Pro Tip: Cross-reference the company’s website with other online sources to verify consistency in contact details and transaction processes.
2. Understand Their Pricing Strategy
Not all land-buying companies operate the same way when determining an offer.
- How Offers Are Calculated: Legitimate companies assess factors like location, zoning, access to utilities, and market demand to provide a fair cash offer.
- Beware of Lowball Offers: While land-buying companies typically purchase at a discount, an offer far below comparable market rates may indicate a less reputable buyer.
- Request a Breakdown: A transparent company should be willing to explain how they arrived at their offer price.
Pro Tip: Compare offers from multiple companies to identify the most competitive and reasonable deal.
3. Verify Licensing and Credentials
Ensure the company you’re dealing with is legally authorized to conduct land transactions in your state.
- Title Company Relationships: Ask if the company has partnerships with reputable title companies or attorneys in your area.
- State-Specific Licenses: Verify that they comply with local real estate regulations and possess the necessary licenses for land transactions.
Pro Tip: A trustworthy land-buying company will readily provide references or documentation to validate their credentials.
4. Benefits of Selling Land to Professional Buyers
Working with a “we buy land” company offers distinct advantages:
- Fast Closings: Most transactions are completed within 10-14 days, eliminating delays associated with traditional sales.
- No Marketing Needed: Skip the hassle and expense of listing your property or hiring photographers.
- No Repairs or Improvements: Sell your land as-is, regardless of its condition or accessibility.
Why It Works: This approach is particularly beneficial if your property has limited development potential or requires costly improvements to attract buyers.
5. How to Stay Safe During Remote Closings
Remote land sales are common, especially with companies operating nationwide. Here’s how to protect yourself:
- Work with Trusted Middlemen: Insist on using a reputable title company or attorney to handle the transfer of ownership and funds securely.
- Confirm Funds Availability: Never sign documents until you’ve verified that the funds are in escrow or ready for transfer.
- Avoid Upfront Fees: Legitimate land buyers won’t ask you to pay fees before completing the transaction.
Pro Tip: Use video calls or email to communicate directly with the company throughout the process, ensuring clarity and transparency.
Frequently Asked Questions
Q: Are “we buy land” companies suitable for all types of properties?
A: Yes, these companies often buy various types of land, including residential lots, agricultural parcels, and undeveloped rural acreage. However, properties with unique challenges (e.g., zoning issues or environmental concerns) may result in lower offers.
Q: Can I sell land without meeting the buyer in person?
A: Absolutely. Remote closings are standard in land transactions. A title company or notary public will facilitate the process, ensuring the transfer is secure.
Q: How do I avoid scams when selling my land?
A: Research the company’s background, read reviews, verify their credentials, and use a middleman like a title company or attorney to ensure a safe and legitimate transaction.
Simplify Your Land Sale Today
Selling your land to a professional land-buying company can be the quickest and easiest way to turn your property into cash. By following the steps above and using trusted resources like SellTheLandNow.com, you can feel confident in your transaction.
Get Started Now
Complete our form to connect with 12 reliable land-buying companies. It’s free, takes just minutes, and puts you on the path to a fast, secure, and stress-free land sale!