Selling rural land isn’t as straightforward as it seems. It can be challenging, even in a hot market. If you are planning on selling your land, the first step should be to connect with a land agent who is experienced and knows the market where the property is located. Your land agent will work hard and be your trusted partner throughout the process.
Potential buyers will be interested in all sorts of facts and uses for the land. Size, timber value, access, boundary lines, land programs, and many other factors come in to play when determining if a land buyer will be interested. When you decide to sell, take the time to update and organize pertinent property records and have that information readily available for buyers. It’s also important to have a clear idea about your property’s value. Overpricing your property will keep the interested buyers away and will make them assume that your are not serious about selling it. Maintaining your land and making sure it’s presentable will help buyers see how valuable it is, and they might be more willing to pay for its price tag. When you are prepared and knowledgeable about your land you can make the process easier for potential buyers.
Some land sells almost immediately, while other properties linger on the market for months with minimal interest from potential buyers. With the right approach and some effort, selling your land quickly is possible. In this video, Pat Porter, broker at RecLand Realty, shares some tips for landowners who are getting ready to sell.
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