Those who own land often inherit it or see it as a good investment for the future, but what if your priorities have changed and you need a fast sale? You may no longer want the hassle of up keeping the land, you may be moving away or you may just simply need the money, and quickly!
Selling property can be daunting enough but selling land can be on another scale completely and you may feel that the stress of it all is just too much. If you don’t really know where to start with selling your land, these tips may be able to help you to sell your land fast, so you can move on to pastures new.
Commitment to Sell
The first point to consider is that you are completely committed to making the sale. Quite often, land is inherited by generations past and it can be a catalyst for friction, if the land is owned by several family members. The last thing you want is to go back and forth for weeks or cause yourself unnecessary friction, so make sure everyone is committed to the sale, before you start the process.
Clean it up
If you have reached the point of looking to sell your land, the chances are that you are probably tired of the maintenance of it and you may even have let it go. If you want a quick sale though, you will need to be prepared to put some time and effort into making it look as appealing as possible. This means getting your hands dirty and removing all of those nasty weeds, dead trees and picking up any unsightly debris. Improving the appearance of your land can instantly add value, not to mention improve your chances of a quick sale.
Analyze the Value
You need to be prepared to conduct some research before you attempt to try and sell your land; you don’t want to over-charge or under value your land, just for the sake of a quick sale. Take a look at places currently advertising real estate and draw up a comparison based on similar rural land. The factors to consider are the size, which will be the principal deciding factor in determining the value and compare it to land of similar size. The location of the land is also important, particularly how easy accessible it is and whether or not there are buildings on it. The presence of buildings is appealing to most land buyers, so this can improve the value. Whether or not your land has water frontage, for example a stream, pond or spring, can also affect the value, as well as the soil terrain and vegetation. It is also a good idea to seek advice from a real estate broker, so you have all the facts at hand to make an informed decision on the overall value.
Marketing the Land
You will need to be prepare to market your land; you may wish to use an agent for this or you could do it yourself. You will need to be able to describe the land accurately, but also prepare as many images of the land as possible. No one is going to want to buy the land if they don’t have visuals to base their decision on. You can advertise in local real estate magazines or websites and be sure to make good use of social media, which is a free but very useful option for marketing.
If you are really looking to sell your land fast, you may want to use an experienced real estate agent. The whole process of selling land can be very time consuming, as there are so many aspects to it. If you have a lot of knowledge and experience in real estate yourself, it is worth giving it a try but an agent can take care of the marketing etc. for you, and help you get a quicker sale.
You can improve your chances of a quick sale with your land if you are prepared to provide the buyer with financial options, rather than looking for full payment upfront. There are, of course, risks involved with this option, but for the sake of a quick sale, it might be worth considering.