Last month, we posed the following question to our audience: In your opinion, which method of marketing and selling land yields the highest sales price? LANDTHINK.com, an authoritative online resource for advice, knowledge, opinions and trends related to land, is pleased to announce the June Pulse results. Our informal online survey revealed that marketing and selling land with a Broker/Agent helps land owners achieve the highest sales price.
Many land owners set out on their own to market and sell their land because it will obviously save them money in the long run. There is, however, no substitute for the professional services a reputable land brokerage firm can offer a land owner. A land agent knows their market area and can help owners determine a good listing price and what price they should be willing to accept when an offer is received. Most agents would agree that negotiation is one of the toughest parts of the entire selling process, and a skilled agent that won’t leave money on the table at closing can easily cover the cost of their whole commission. Additionally, most agents will utilize all available avenues to promote land for sale; they’ll handle all the showings, and take care of all the paperwork through closing. An overwhelming 70.7% of respondents felt that hiring a land broker/agent to sell their property was the best way to go in order to achieve the best end result. Coming in second, 15.8% of those responding said using an Auctioneer would get the highest sales price.
LANDTHINK subscribers, fans, followers and land industry professionals across the country voiced their opinion on which method of marketing and selling land helped sellers get the most money as possible for their land. Here’s how the results panned out:
- 70.7% said by Broker or Agent
- 15.8% said by Auctioneer
- 13.6% said by Owner
Congratulations to Jamie Walley, winner of the $50 Amazon gift card after answering the June Pulse question! Jamie is Vice President and Operations Manager of Walley Forestry Consultants/ Walley Properties located in Ellisville, Mississippi. He is also a real estate agent specializing in land as well as a Registered Forester.
Thank you to everyone who participated and shared the Pulse with friends and connections in the land industry!
LANDTHINK is seeking sponsors for the August 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 Pulse question, please contact us soon.
Click here to answer the July Pulse question and tell us what affect an increase in long term interest rates by the Federal Reserve would have on land prices. All respondents will be automatically entered to win a $50 Amazon gift card!
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