Considering hiring a real estate agent to help sell your vacant land? Before you sign a 6-month contract with an agent, consider selling your land to a land investor.
Situations where selling to a land investor may be the best move:
You Want Your Money Sooner than Later
According to data garnered from Realtor.com, it takes an average of 72 days or two-and-a-half months to sell a parcel of vacant land. Sell land.
Some folks simply can’t wait that long to their cash.
A land investor typically can get you your check for your land in 2-4 weeks.
You’re Busy
Boundry surveys? Soil samples? Wetland deliniations? Title searches?
What the heck does half of this stuff even mean?
Not all of us are real estate pros. We have jobs, kids and other priorities in our busy lives.
Selling your vacant land to land investor can make the real estate transaction easy.
An experienced investor has done dozens (if not hundreds) of transactions.
Plus, many investors are willing to buy your land site unseen or without requiring you to pay for surveys, enviromental studies and the like.
(Plus, those things take time!)
Your Transaction is….Complicated
Did you inheirit your land?
Did you get divorced?
Is the propety in an estate or trust?
An experienced land investor can help navigate more complex real estate transactions.
And, some investors may be willing to sign a binding contract stating they will buy the property once the legal loose ends are wrapped up.
This can you give you confidence that, after all your effort and headache, you will sell be able to sell the property quickly.
Buyer (Seller) Beware: Not all investors are experienced.
Ask your prospective land investor buyer: “How many transactions have you done in the past six months?”
The answer to that questions can be very revealing.
Have they ever bought a property in your state? In your county?
If your property is in an HOA ask: “When was the last time you bought a lot that was in an HOA?”
Check out our article on how to pick the best land buying company for more tips.
The Advantages of Selling to a Land Investor
When deciding whether to sell your vacant land to a land investor, it’s essential to understand the unique benefits they offer compared to traditional methods. Here are some added perks that make land investors an appealing option for many sellers:
- Streamlined Process: Investors often have established systems in place to evaluate and close deals quickly. This means less paperwork and fewer delays for you.
- No Repairs or Cleanup Needed: Unlike selling a home, selling to an investor doesn’t require you to improve the land or remove debris. They typically buy land as-is, saving you time and effort.
- Flexibility in Terms: Some investors may offer flexible terms, like covering closing costs or handling liens, making it easier for you to finalize the sale.
The Role of Experience in Choosing the Right Investor
Selling land to an investor can be highly efficient, but it’s crucial to vet potential buyers. Experienced investors bring more to the table, including:
- Local Knowledge: Investors familiar with your area will better understand the local market, zoning laws, and property values.
- Proven Track Record: Look for an investor who can provide testimonials or references from other satisfied sellers.
- Problem-Solving Expertise: Investors with extensive experience can handle complex situations like inherited land, probate issues, or properties with title challenges.
How Selling to an Investor Can Save You Money
Traditional real estate transactions often come with hidden costs, such as:
- Real estate agent commissions (typically 5-10% of the sale price)
- Survey fees
- Advertising costs to market the property
When you sell to a land investor, many of these expenses are eliminated. Plus, investors often handle costs like title searches and closing fees, allowing you to walk away with more money in your pocket.
The Convenience Factor: Selling Land Without Interrupting Your Life
Selling land can quickly become a time-consuming endeavor if you’re navigating it on your own or with a real estate agent. A land investor can remove much of the burden by:
- Handling the due diligence process for you
- Offering cash deals that remove the need for bank approvals
- Managing legal complexities like estate settlements or HOA compliance
Why Investors Value Vacant Land
Understanding why investors are drawn to vacant land can help you position your property effectively:
- High ROI Potential: Investors see land as an undervalued asset with significant appreciation potential.
- Development Opportunities: Vacant land offers endless possibilities for commercial, residential, or agricultural development.
- Portfolio Diversification: For investors, land adds diversity to their investment portfolio, balancing out other assets like stocks or rental properties.
What to Watch Out for When Selling to an Investor
While selling to an investor can be highly advantageous, keep these precautions in mind:
- Lowball Offers: Some investors may undervalue your property. Compare offers and ensure you understand your land’s worth before accepting.
- Non-Binding Agreements: Avoid verbal agreements or loosely written contracts. Work with investors willing to sign binding purchase agreements.
- Lack of Transparency: Look for clear communication and transparency regarding timelines, fees, and conditions of the sale.
Making the Final Decision: Is Selling to a Land Investor Right for You?
Choosing to sell your land to an investor depends on your priorities:
- Speed: Do you need to close the sale quickly?
- Convenience: Would you prefer to avoid the hassle of preparing and marketing your land?
- Simplicity: Are you looking for a straightforward transaction with minimal complications?
If these factors align with your goals, working with an experienced land investor may be the ideal solution. Take the time to research potential buyers, ask the right questions, and compare offers to ensure a smooth and profitable sale.
Ready to explore your options? Start by submitting your property details to trusted land investors who specialize in quick, hassle-free purchases. Fill out our form today to get started!