May’s LANDTHINK Pulse revealed 42.9% of buyers were VERY LIKELY to hire a real estate agent for their next land investment. For buyers contemplating a land investment, hiring a licensed agent with experience in land sales can help ensure a smooth, successful transaction. Land transactions are more complicated than residential transactions, and an agent is committed to protecting the buyers’ interest while adhering to a strict code of ethics.
Last month, the May Pulse asked: How likely are you to hire the services of a real estate agent for your next land investment? Our informal online survey indicated that 42.9% of buyers said they were VERY LIKELY to hire a real estate agent for their next land purchase. Coming in second, 25.9% of those responding said they were LIKELY to hire a real estate agent for their next land investment.
It’s always advisable to secure the services of a real estate agent when making a purchase. A land agent will use their extensive knowledge of the area and current market conditions to help clients narrow down the list of potential properties, negotiate the best price, and handle the large amount of paperwork involved from contract through closing. An agent’s ultimate success is dependent on establishing reputation, building relationships and gaining referrals. A good one will be there for their clients long after closing should any issues arise, and remain in contact with them in the event they need to the services of an agent again in the future.
Here’s a breakdown of the overall results:
- 42.9% Very Likely
- 25.9% Likely
- 15.1% Unlikely
- 16% Very Unlikely
Congratulations to Jerry Burnett, winner of the $50 Amazon gift card after answering the May Pulse question! Jerry is a REALTOR® with the The Property Exchange in Cheyenne, Wyoming.
Thank you to everyone who participated and shared the Pulse with friends and connections in the land industry.
LANDTHINK is seeking sponsors for the July LANDTHINK Pulse and months thereafter. Sponsorship of the Pulse is an excellent opportunity for land industry businesses and professionals to receive significant exposure by leveraging our entire network of web and social media sites. Pulse sponsorships are offered on a first come first serve basis and are subject to certain limitations. If your business would be interested in sponsoring next month’s July Pulse question, please contact us soon.
In your opinion, which method of marketing and selling land yields the highest sales price? Tell us what you think! Click here to answer the June Pulse question. All respondents will be automatically entered to win a $50 Amazon gift card!
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