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