Has the time come for you to sell your land? Maybe your dreams have changed or the parcel no longer suits your building plans. Whether you’ve reached the exit point with your investment, or life has taken an unexpected turn, splitting your profits with a real estate agent when you can sell the land on your own is likely not something you want to do. Brokers usually charge six percent of the sales price in commission on land with a value of under $1M.
Vacant land generally has no prep work required, as with a traditional home listing, so it should be easy to sell your land, right? Well, not really. Unfortunately, selling land is a different process altogether. You’re likely going to face a long and slow road to figuring out just what it takes to find the right buyer and move a piece of land. Without proper marketing and ample information in hand to respond to those buyers, you’ll face even further delays as they proceed with their due diligence on their own.
I’ve gathered the following tips on how to sell land without a real estate agent in North Carolina.
Know Your Buyer
1st thing is, you want to know your buyer. Understanding who your buyer is will help you sell your land without an agent in North Carolina. They may be land developers or individual investors looking for raw land to build their own homes. By understanding what buyers are seeking, you can highlight the aspects of the property that will appeal to those specific buyers in your marketing.
On the other hand, by making a direct sale of your vacant land to Global Abundance LLC, you won’t pay any commissions, and there will be no need to bother yourself with composing a powerful ad for your marketing that will attract the right buyer.
Gather the facts. When you set out to sell land without a real estate broker in North Carolina, you will need to gather all of the critical data about the property. For example, does the property have road access? Are there any easements? Landlocked properties are harder to sell but there is still a use for them. What utilities exist, does the land need to be drilled for water? What’s the actual size of the land and are the boundaries clearly marked? What’s the property zoned for? What about environmental concerns? If you’re selling land with water frontage, you should know your water rights as well. These are just a few of the questions you’ll face from potential buyers. Personally a direct buyer ourselves, we work with a full-service team quickly locating any information on the property needed, which helps speed up the process.
Pricing is without question a very important aspect to all of this. One of the most challenging aspects of selling land without a real estate agent in North Carolina is the valuation of the land itself. Comps don’t come as easy for land as in a single family home listing. Aspects of the land such as distance from a major city like Charlotte for work commutes, the value of water frontage, or spectacular views are too complex to put into numbers without a great deal of experience. Incorrectly setting the price can delay or even derail your attempt to sell the land.
Marketing to Your Buyer
Buyers looking in the area at multiple properties may have a more clear picture of the value of the land. Priced too high, they’ll just move on and priced too low, they may feel something is wrong with the parcel that’s not mentioned in the listing. With a direct sale to a cash buyer like us over at Global Abundance LLC, you won’t need to worry about valuations of land because you’ll have your cash in hand in a matter of days, with a guaranteed closing date.
So, you’ve composed the winning copy for your land listing, have the right data points about the property in hand, and you’ve set the price just right. Now it’s time to explore your advertising options, including the local paper and, of course, the rest of the world via the internet. You can create your web page providing information on the property or use various sites for listing your property. Finally, if your property is suitable for development by a builder, you may want to reach out to all the local developers. Selling your land to direct buyers, can help you avoid waiting for days on end for an email or a phone call day after day. We’ve built a network of connections over the years with professionals from every walk of the real estate industry, including builders.
Global Abundance LLC
So we’ve touched on marketing, knowing your buyers, due diligence, and pricing. A direct sale to us over at Global Abundance LLC is a fast and easy way to sell your unwanted land without a real estate agent in North Carolina.
We’re fair; we want you to decide what is best for your situation, so we’ll provide you with the valuation of the land if you were to sell it on your own and let you compare it to our offer. You’ll find the buyers at our company are honest, knowledgeable, and always have your best interest in mind. Call us at 800-953-2124 or send us a message to learn more!