If you own land or property that you’re looking to sell quickly, you may not want to get a realtor involved. Hiring a realtor will add to the total cost of selling a lot, and it could complicate things. As such, it’s vital to know how to sell land without a realtor.
In this article, we’ll guide you through this process step-by-step, helping to ensure that you rid yourself of an unwanted property quickly and profitably. Purchasing real estate is a profitable trend and an excellent opportunity to sell land swiftly.
How to Sell Land Without a Realtor
Realtors perform a standard set of functions, but many of these tasks are easy to complete. If you’re determined to sell your land without the assistance of a realtor, you’ll need to educate and prepare yourself.
While you may be eager to begin listing your property and advertising to potential buyers, it’s essential to first determine just how much your lot is worth. In general, selling without a realtor can be reduced to five primary steps. They are:
- Determine Your Property’s Value
- Prepare and Improve Your Land
- Choose a Listing Price
- List Locally and Online
- Be Prepared for Negotiation
By following these steps in the order they are listed, you may be able to sell your property more quickly and enjoy a greater profit. Selling a lot doesn’t have to make you want to pull your hair out—just remember to start with a sound valuation.
Determining the value of a lot typically requires the help of an appraiser. However, if you have the right measurement tools, you may be able to determine a property’s value without the help of an appraiser.
Land surveying equipment can be pricey, but a standard walking measurer may be the ideal solution to your measurement needs, especially if your property consists of several acres. Still, you could also choose to access Google Maps.
You can utilize GPS information to virtually measure your lot. If you have a property deed or set of blueprints, you may already have the information you need to determine your property’s value.
Once you have your measurements, you can input them into a calculator to discover the base value of your property. Comparing your lot to nearby for-sale properties can help you determine a more accurate valuation.
Prepare the Lot
Making your lot more attractive and appealing is an excellent way to help it sell more quickly. While this will require a little extra time, energy, and money, the result could be an increased property value.
If there are any obvious blemishes or unattractive features present on your lot, now is the time to tend to them. Uncovered water wells, uncontrolled vegetative growth, and an excess of decaying wood and leaves are all easily fixed.
Once your land is looking its best, you can reevaluate it to determine a final value and asking price. Of course, you could skip the preparation phase altogether if you’re determined to sell your land immediately.
Choose a Price
After your measuring and improvements are complete, you can finally determine your asking price. Once again, viewing nearby properties of similar size can help you arrive at a competitive number.
Whatever you do, don’t begin making purchases or investments based on this sum. You may need to negotiate to a lower price during the final stage of the sales process.
List Your Property
Be sure to list your property online and via local means. This means publishing a sales notice in the local paper and registering your for-sale property on popular real estate sites. You may also want to utilize social media to help spread the word.
Learning how to stage and show your property may also help you find potential buyers more rapidly. Word of mouth is a fantastic and effective form of advertising, so it’s crucial to take advantage of any opportunity to talk about your for-sale land.
Haggling is a skill that is primarily lost in Western society. This can make it difficult for sellers who are determined to part with their property for a set price. Fluctuations with the national, state, and local housing and land markets can influence a price.
The amount of time and effort you’ve put into improving or beautifying your land also affects the final selling price. As such, you may need to negotiate with potential buyers.
Should their asking price fall well below your intended point, you’ll need to rally for more funds and discuss your recent improvements. You may also want to prepare a selection of questions for your potential buyers.
Negotiation can be a trying activity for those who are passive or introverted. If you feel anxious or unsure about this step in the selling process, it may be helpful to read negotiation tips and tricks before listing the lot.
Sell Land Fast
Learning how to sell land without a realtor doesn’t is simple when you have the right information. Hopefully, this step-by-step guide can help you. When you’re ready to sell your property, you’ll need to first determine its value.
After you’ve discovered its base value, you can make decisions about potential upgrades and improvements. Preparing the lot correctly could help increase its total value. Next, you can begin considering a listing price.
Finally, you’ll need to list your property both locally and online for maximum visibility. When interested buyers begin to contact you, you’ll want to maintain a professional and friendly attitude. It’s also crucial to be prepared to negotiate.
If you additional questions or concerns about selling your land for optimal profit and minimal fuss, don’t hesitate to contact us today!