For example, if a similar parcel of land in the area that was zoned for residential use sold for $50,500, but your land is also zoned for commercial use, you might estimate the value of your land at $60,500. Note that getting an appraisal is the best way to determine the value of your land.
For example, if you own 3 parcels of land in the same vicinity, you might sell all 3 together. This could attract a buyer who is looking to purchase a larger plot of land or who needs multiple parcels for different uses. You may also consider offering the land as a bundle or as separate properties and setting different prices for each option.
For example, if the agreed upon price was $65,500, then the buyer will need to make regular installments to the seller until this amount has been paid in full. These payments will include interest and the buyer will also usually have to make a down payment to the seller.
For example, you could do simple yardwork tasks, such as mowing the lawn and trimming bushes. You may also want to hire someone to do more intensive property maintenance, such as digging up a large stump or cutting down a dead tree.
Keep in mind that while you may save some money on the sale by not hiring a Realtor, selling a property is a full-time job and it can be mentally and emotionally taxing to do without a Realtor. Real estate agents usually get a percentage of the sale price of the property, such as 5%. This means that if your land sells for $100,000, and the real estate agent is entitled to 5%, they will get $5,000 after the sale closes. However, if the land doesn’t sell, they don’t get anything.
Note that you won’t have to do this if you’re working with a Realtor. They will take care of listing and marketing the land for you.
For example, you can give people your Realtor’s card, hand out copies of the one sheet, or text them a link to the multiple listing service (MLS) page for your property. This will provide photos and information on the property.
For example, if your land is out in the country, in the woods, or encompasses an area with wetlands in it, this may be of interest to your government as a wildlife preserve. Likewise if the land has natural resources, such as coal, lumber, fresh water, or oil, your government may be interested in buying it.
Ask your family, friends, or your Realtor to recommend a good real estate attorney. Make sure to choose someone who handles real estate transactions on a regular basis.
Not accepting the first offer and coming back with a higher price. Having a backup plan if the offer falls through, such as renting the land. Offering extras, such as the riding mower or other equipment you used to maintain the property. Finding out what the buyer’s prequalification amount if they’re mortgaging the property.
Not accepting the first offer and coming back with a higher price. Having a backup plan if the offer falls through, such as renting the land. Offering extras, such as the riding mower or other equipment you used to maintain the property. Finding out what the buyer’s prequalification amount if they’re mortgaging the property.
For example, if you’re hoping to get $89,000 for your land, but someone makes you an offer for $85,000 right away, it might be worth taking this offer.
