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Do you ever think, ‘how do I sell my vacant land?’ or more to the point ‘how do I sell my land fast?’. There are many different reasons you want to sell your unwanted land, ranging from financial difficulties to being unable or willing to maintain the land. Below are just a few reasons:
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Financial hardship
Tired of paying taxes for unused land
Sick of the burden
Health digression
Death in the family
Unwanted land passed on by family
No longer have a use for the land
Relocating
Liquidating assets for retirement
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The list goes on but what ever your situation, we are here to help!
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Vacant land is by it’s nature, harder to market and sell, added onto that closing fees, commissions and costs can add up to a high percentage of the value of the sale. All this on top of the stress and back and forth with all parties involved. Any costs and commissions paid up front including for marketing the property for sale, if the buyer pulls out at any stage you are back to square one having paid money out of your own pocket.
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Land is also harder to sell due to the fact that banks and other lenders do not want to finance the purchase, narrowing the potential buyers down to cash buyers only. Land compared to a rental property for example is usually not cash generating so any potential buyer will typically not be able to obtain a loan.
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Both of these combined can lead to the property being sat for months if not years waiting to be sold while taxes and duties are building day by day.