REproperties

This website helps us stay in touch with people who have vacant land they are looking to sell.

Finding Somebody to Buy Your Land

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Land can be hard to sell if you don’t target the right audience. Selling houses and selling land require two different approaches. Here is some important information you will need to find a buyer.

Understand Who You Should Market To

Land buyers and house buyers are often very different, and you should know those differences. Depending on what kind of land you’re trying to sell, your audience of buyers will be vastly different. Zoning restrictions also must be considered when selling land. Some buyers may be looking for a place to build a house, while others plan to use it for farming. Factors like development or location will help determine what the land could be used for, and will affect who will want to buy your land. You will need different marketing strategies to appeal to families vs real estate developers. Knowing how to market to different people is key when looking for a buyer.

Getting Ready To Sell Your Land

After you’ve figured out what type of people will be interested in your land, you will need to make preparations to make the land more appealing to buyers. It is crucial to make a good first impression when people come to look at your land. Clean the area up and cut the grass to make it more presentable. You may want to contact a land surveyor to define the edges of the lot so the buyers know what will be theirs.

Create A Plan To Market Your Property

Once you know who to market to and cleaned up your property to make it presentable, you’re ready to start advertising. If your property is in a rural area without much traffic, you can’t just put up a for sale sign. Create ads on websites that are specifically for selling vacant land. You may find buyers on sites for selling houses, but most traffic on those sites is people searching for land that already has a house built on it. People buying land look at certain websites to find land, so that’s a good place to advertise.

Decide On A Price

Setting a good price for your land is important when looking for buyers. Pricing your land too high is a common mistake among first-time sellers since it will narrow down the amount of potential buyers. Also, setting too low of a price can cause you to lose money on your land. It may be difficult to find the right price because usually there aren’t many similar lots of land for sale to compare with. Many people may find it hard to pay all at once, so you might want to offer financing to your buyers. Providing financing to buyers will make it easier to find potential buyers and make the transaction easier for them.

Wait For The Right Buyer

Selling land can often take longer than selling a house. You must be patient. You shouldn’t always settle for the first offer that you come across. It may take longer or cause more trouble than you anticipated. Make sure you research information on your buyer such as credit, references, and current investments to make sure your buyer is qualified.

Ask The Neighbors

Although commonly overlooked, this option is quite effective. Calling a neighbor and asking if they are interested in your lot is one of the easiest ways to find a buyer. Many people would jump on the chance to own more land adjacent to theirs. It greatly reduces the amount of advertising required and makes the transaction much easier.

Contact Us

If you’re looking to sell your land quickly and get money back fast, you can fill out this form with a few details about your property and we will make a free offer. We cover all closing costs and do all the work for you.

How to Sell Inherited Land

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Losing a loved one is a difficult event, and what makes it even more stressful is dealing with inheritance and distributing property among the family. Most of the time, land is one of the assets being distributed. Land is not as useful as a house, since you can sell, rent, or move into a house. Land can be significantly harder to sell, especially depending on the location, size, and value of the property. Most people have no use for inherited land and end up selling it.

Selling Your Inherited Land

Most people that inherit land have no use for it and it ends up being a burden due to property taxes. This can often cause tension among family members because of disagreements over whether they should sell it or not. Have a discussion with any family members involved to make sure everybody is well informed and in agreement. This is important because you may need other family members to sign off on paperwork to sell your land.

Completing Probate on the Land

To acquire a clear title, you may need to file probate with the court which can take several months. While going through probate, the executor of the will is given authority to distribute assets by the court. After the property has completed probate, it can be transferred by the executor, making it possible to sell it with clear and marketable title. Depending on the state you’re in, you may be eligible to file a summary probate on a property of little value, which takes much less time and doesn’t require an attorney.

Getting Ready to Sell your Land

At this point, the parcel of land will be in your name and it is time to decide if and how you should sell your land. After completing probate, you may decide that you want to keep the land as an investment. Some land may not be worth selling due to its location, or it could be a good place to build a house. If you decide to keep the land, it may seem unnecessary to go through probate. In reality, it is important to go through probate anyways, because whether you want to get building permits, sell the land in the future for more money, or transfer the land to your estate, you will need to have the land filed under your name, otherwise, you legally will not be able to do anything with it. If you want to sell your land after it has been probated, we can help you with that here. If you have any questions, you can contact us here and we will do our best to guide you.

Different Options to Sell Your Land

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Selling land can often be complicated and frustrating if you are new to the process. Some methods can be more convenient or rewarding than others. Here are a few ways to sell your land and some that you may not have considered.

Contacting a Local Agent

Real estate agents are often what first comes to mind when attempting to sell your property. This is because when using an agent, almost all of the work is done for you and is very convenient. While this may be true, real estate agents are not always the best choice because they usually take a long time to sell your property (around 2 to 3 years for vacant land). As a real estate agent, you earn a 7% commission for every property sold. Let’s say you are selling a parcel of land through an agent for $4,000. If it takes 2 agents to sell a property (one for you, the seller, and one for the buyer). Furthermore, each agent must split the commission with the broker. In the end, the commission of $280 is split between 4 people, giving the agent $70. Because of this, agents aren’t motivated to sell your land fast since they will only get a very small cut in the end.

For comparison, selling a house with an agent for $250,000 would have a commission of $17,500. Split among 4 people, that would be $4,375 for the agent. For all the work required to sell a property, an agent hardly makes any money so they often will put very little effort into getting your property sold.

Making Ads Online

With technology advancing at such a fast pace, many sellers have begun advertising their property online. Advertising online can sell your property very quickly, but takes a lot of time, effort, and sometimes money. To make an appealing ad, you need the dimensions of the land, good pictures of the property, a list of all the unique features of the property, accessibility and utilities, and other details of the property. Many websites require you to pay an expensive monthly fee to keep your ads posted. Those websites are more geared towards large parcels of land that are worth millions of dollars. Other websites like Craigslist are free but limit the amount of ads that you can post and the ads expire after a month, which means you may have to post dozens of ads to get somebody to buy your land.

Real Estate Auctions

This is one of the fastest methods to sell your land, but the downside is that you will probably get much less than the property is actually worth. Also, you have to pay an auctioneer’s commission (the price varies between auctioneers) whether or not your land actually gets sold. This may be a good idea if you just need your land sold and don’t care about getting less money, but otherwise it isn’t a very good option.

Sell to Neighbors

While often overlooked, selling to the neighbors is definitely a viable option. Some neighbors would love to buy your land to expand their own property, and would pay a premium price for your land. The problem is, it can be hard to get into contact with these people unless you are already in contact with them.

Sell Directly to a Land Buyer

This is the fastest and most stress-free way to sell a property. We will cover all costs and fees of the transaction.

  • We do not charge a commission and we cover closing costs
  • We will buy your land quickly and pay you immediately
  • We can make a free, no-obligation offer on your property
  • We eliminate the hassle of advertising, listing, and marketing your land
  • For a free offer, click here and fill in a quick form with info on your property

How to Make Your Land Easier to Sell

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Here are a few tips that we have found to make your land easier to sell. Many of these are aimed at making your land more appealing to the new buyer and make the buyer take a second look.

  • Mow your property or at least the roadside next to the property. This goes a long way toward making your property look more hospitable to the new owner.
  • Clean up any trash on the property. Some properties have become dumping sites for the local folk. If you do not at least take a look at your property for this kind of junk, you may attempt sell your property in vain, due to the trash that is lying around.
  • If you have a gate, clean up around it, if it is overgrown and covered in wasps, you will find that most will not enter to take a look.
  • It may make sense to clean up the roadway, is the road overgrown so that a car cannot approach or enter the property? This will keep many from continuing to look at the property. Prune the entry so it is passable.
  • Remove old cars and other items like trailers if any exist on the property. If you are using it for storage, move the items before you sell.
  • A good first impression is important for potential buyers. If they don’t want to look at your property because it is unapproachable, selling it will be difficult.

 

  • You can always contact us, through our contact form. We buy the property – we will give a no questions cash offer. If you call us, you won’t need to list with a real estate agent and then find that it takes 3-4 years to get your money out. We buy directly so your money can arrive to you in days to weeks, not years.