In today’s economy, it is more difficult but not impossible to sell your land. Investors are looking for great deal, and their eye will grow bigger if your land is priced correctly and made attractive to the buyer. These 6 tips will help you get your land in tip top shape for the perfect buyer to make you an offer.
Part 1: Pricing Your Land
1. Pricing your land correctly. You need to compare the prices of similar properties in your local market to get a good understanding of how much https://bubba-land.com/south-carolina/ your land is worth to a potential buyer. Realtor.com and LandWatch.com can help you get started on looking at similar properties in your market.
2. Price your land under the market. In other words, set the price for your land below the price of recent sales in your market. Buyers are always looking for a deal and if they perceive that your property is priced below similar properties, they are more likely to act quickly.
3. Offer owner financing. Due to the current banking climate, potential buyers are having a difficult time obtaining financing from banks. To get more potential buyers and to quickly sell your land, offer financing for part of the sales price.
Part 2: Prepare Your Land to Sell!
A clean, great looking piece of land is easy to sell!
Three things to do in order to prepare your land for quicker sale include:
1. Clean up your land. Help buyers see the potential in a property by cleaning it up. Things such as burning or clearing piles of brush; removing old fences; regrading any driveways or roads into the property. Most buyers don’t have a lot of imagination. Make it easy for them to see the property in it’s best light.
2. Mark the boundaries. Most people want to know what they are buying when they are looking at a property. Mark the corners and show the property lines so the buyers can see what they are getting. If you don’t have the time to do this yourself, then hire a surveyor. The time and effort will be well spent.
3. Know your property. Buyers will ask you many questions about your property so be knowledgable about it. You need to know the answers to questions about zoning, the location of nearest utilities such as power, how deep are drilling wells in your area, location of nearest store.