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Do you own a bare land that you hope to dispose soon? Do you have the land in a fairly good location, but you feel like there is no commensurate level of demand? Are you newly venturing into the real estate market and you need the right knowledge to give you a competitive advantage? Then this article is for you. Below are some benefits attached to quick disposal of bare land.
As you may likely envisage the foremost advantage of quickly selling your land is the fact that you are converting an asset into liquid form, which you can reinvest in other endeavours. In simple term: it is the money derived from such sale that makes selling it off beneficial.
Also, you get to be free from the payment of land taxes. They are annoying, aren’t they? Especially when the land is unencumbered. Why should you pay over a supposed asset that is not paying you?
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Things to consider when looking to sell your land fast.
Unlike properties, you can’t give land a facelift to attract prospective buyers, neither can you convert its use to a more marketable one. Here are some things you can do to sell your land fast at a reasonable price.
Consider talking to your neighbours about your intention
Oh! You assume mister James; the one who stays next to the land you want to sell, won’t be interested in your land? Well, why don’t you ask him first? You may be pleasantly surprised about how many people would want to expand their own properties into the adjacent space, they just need to be aware, and maybe a little push to actually go for it.
List the property on Facebook, eBay, Craigslist…
It’s simple logic: the more awareness you create as regards your intention to sell the land, the higher the chance of getting a prospective buyer. You of all people should know that online platforms are unarguably the best place to get the greatest audience. Did you just say that eBay is an old-fashioned choice? Well, land is an old-fashioned purchase!
Always offer to show the land to prospective buyers
The importance of this move is often underrated, but I tell you, this is a very important part of the land disposal business. Many people are of the opinion that since the land is bare, there isn’t a lot to show. Well, if you are of that opinion, you are wrong! And that may be the difference between a successful and an unsuccessful seller. The purpose of this offer is to (1) show the prospective buyer that you are proud of the quality of the land, and it’s really a good buy, and (2) serves to ensure that the buyer is more mentally committed to sealing the deal. Let them out to see the neighbourhood, emphasizing the advantages of securing the land as you show them.
Market the land for all kinds of potential uses
Don’t you assume that what you perceive as the best use of the land will necessarily attract the prospective buyer. Rather, make a list of all the uses to which the land can be put and market the land for all of those uses. Really, you never know what will attract a buyer – hunting, religious purpose, commercial purpose, farming…
Know what the land is zoned for
You need to know what the land is zoned for from the beginning. You really don’t want to keep potential buyers waiting until you have the answer, neither do you want to give them an incorrect information.
Know your audience
Hence, try to identify who your likely buyers will be and make them your target. For example, if the land is zoned for commercial purpose, then you may want to target entrepreneurs and business owners. While agricultural lands should make you want to target farmers.
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Our visit to your home is free, no-obligation appraisal and at the end of our visit, we will make you a fair, market-based offer.
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