If you own land in America, and you’re wondering “how to sell my land myself in America“, you have a couple of choices. In this blog post you’ll read about what your choices are, and how to know which choice is best for you.
Before we dive into it, though, we encourage you to think about what you’re looking to get out of the process of selling your land, and which results are important to you.
Here are the things which may land sellers are considering when deciding how to sell:
– How fast will it be?
– How easy will it be?
– How certain can I be that a buyer will actually close on the purchase?
– How much money will I NET from the sale after all factors are taken into consideration (such as, holding/carrying costs, closing costs, real estate commissions, etc.)?
Here’s The Most Common Way To Sell…
Many land owners choose to sell their properties through a real estate agent. Realtors will list your property and try to find buyers for it, and then negotiate on your behalf and help you with the paperwork.
The biggest problem with that approach is, many property owners soon discover that there aren’t a lot of land buyers, and only a few real estate agents are truly “experts” in buying and selling land. As well, if an agent is able to find a buyer, you will have to pay commissions to the agent, which can get quite expensive.
Another choice (some would say, the better choice!) is for sellers to sell their land themselves. You do the same work as the Realtors and you’re able to save the commission that you’d have to pay the agent, ultimately pocketing a little (or a lot!) more cash than if you had sold the traditional way.
But many of the same problems exist here, too: Land sellers who choose to sell their land themselves soon find that there really aren’t a lot of vacant land buyers out there. The same people who regularly buy houses, just aren’t into buying vacant land.
Here’s Another Option You Might Not Know About…
Here’s another alternative, one that many aren’t familiar with. Rather than putting your property on the market (be it with an agent or by yourself), you can opt to directly sell your land to a company that specializes in buying land, similar to what we offer at Cash Land Buyer USA. This method provides a swift way to sell your land, receive immediate payment, and bypass the usual agent commissions.
Many sellers prefer this alternative approach for several reasons:
- It’s more efficient – when dealing with a land purchasing company, they can instantly determine if your land meets their criteria. Reputable land firms typically secure financing promptly. This eliminates the need for listings and numerous site visits by potential buyers.
- It’s economical – while agents take a commission, the majority of land purchasing companies don’t impose fees.
- It’s less demanding – putting your property on the market can be labor-intensive, even with an agent’s assistance. However, selling your land straight to a land-buying company can expedite the closure, allowing you to relinquish your land at your convenience.
Considering selling your land on your own in America America? A land purchasing company could be your solution. Though many sellers might be unaware of this avenue, they often find the process refreshingly fast and straightforward once they discover it.
Don’t take our word for it. A recent survey of sellers of land in the past 12 months showed that:
– Public land sellers (using MLS and/or Realtors) took 31% longer to sell, and netted 18% less than sellers who worked with private and cash land buyers.
– Private land sale transactions closed on average 5.5 weeks after signing a purchase agreement, while public (MLS/Realtor) land transactions took an average of 17 weeks to close.