Selling land requires time and effort to find a potential buyer sell land quick with Land Boss and negotiate with them. Traditional methods can involve real estate agents, lengthy listing periods, and hefty commissions.
Selling directly to a land buying company eliminates these hassles. However, vetting buyers’ companies to ensure transparency and ethical business practices is vital.
1. No Hassle
Selling land can be a complicated process with multiple steps and legal requirements. It can take a significant amount of time meeting buyer inquiries, providing access for tours and appraisals, and negotiating offers, particularly if you are a property owner trying to sell quickly.
Consider a land company that can offer a streamlined, hassle-free purchase process tailored to the needs of land sellers. Look for a cash buyer that covers standard closing fees and costs like attorney fees, listing charges, document recording fees, transfer taxes, overnight shipping charges, and other ancillary expenses, which can eat into your sale proceeds.
Choose a company that has a track record of speedy closings on land sales, which is especially important in challenging markets or when selling raw land that is undeveloped or has zoning restrictions. Ideally, you should be able to close within weeks of accepting an acceptable offer. It is also worth evaluating a potential buyer’s experience and reputation through reviews, credentials, references, complaint records, and expertise claims.
2. No Fees
Selling your land to a land buying company like Land Boss can get you a fast cash offer without commission fees. This process requires some effort on your part to market the property, respond to inquiries, vet buyers and handle closing details, but it resolves the hassles of a traditional sale. Keep in mind, however, that land companies typically pay less than full market value for properties and may need to add a little “wiggle room” when negotiating the price.
Choosing an experienced land buyer with a streamlined process and fair cash offers can cut months off average sales timelines. You’ll also eliminate the need for bank financing, speeding up the closing process and making your life much easier. Be sure to disclose all known information about the property upfront to maximize buyer interest and create value during negotiations. You can also advertise your land listing in local publications and online to reach more potential buyers.
3. No Commissions
If you choose to sell your land through a traditional real estate agent route, you’ll need to pay for property appraisals and real estate commissions. Selling directly to a land-buying company allows you to bypass these expenses and save money on the sale.
A reputable land-buying company has the cash on hand to purchase your property and will handle the paperwork, title search, and closing on your behalf. They will also be able to close quickly, often within a week.
A reputable land-buying company has an established track record of buying land throughout New York and will take care of the entire process for you. Their team will be transparent about their buying criteria, pricing methodology, and offer. The company should also have local expertise in the land market and understand valuation, demand, and closing timelines for that area. Landboss makes leasing new land for oil & gas lease brokers and independent landman more efficient with features that automate 1099 billing, payroll, expense reporting, and tracking.
4. Speedy Closing
Unlike selling houses, land sales require special skills and expertise to close transactions quickly. In many cases, trading maximum value for speed and convenience is a smart move for land owners who have pressing real estate goals.
Selling raw land to a cash buyer like a company that specializes in buying land offers an alternative to lengthy listing periods and expensive for-sale by owner routes. Closing can happen in as little as a week if the buyer has cash available and all property documentation ready to go.
Be sure to properly vet buyers who claim to be able to close quickly. Ask for proof of funds, years in business and client references to ensure they can honor their promises. Doing so reduces the risk of scamming or being taken advantage of in your haste. Taking these steps also helps prevent the costly delays of financing issues or buyer contingencies that hold up closings and cost you money.