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When it’s time to sell your land, you have more options than you might know what to do with. You can list it with an agent, which is the most well-known method. However, this can lead to you losing out on some of the profits. It can also take some time to find a seller and close the sale.
Another option is to list the property yourself. This requires knowing how to sell land by owner, being patient while the right buyer comes along, and handling all of the paperwork and tasks that go with it. It also usually requires dealing with closing costs and the costs associated with the contracts.
There is another option, though, that many people aren’t aware of. You can sell your land to a direct land buyer. What does that mean? How does it work? And what are the benefits? You’ll find the answers in this quick guide.
What Is a Direct Land Buyer?
In short, direct land buyers are investors. They offer a fair value in cash for land – taking it and all of the headaches off of the seller. They’ll then either resell it, develop it, or use the land for another purpose. Sometimes, they’ll divide the property into several parcels and resell them. It’s typically the fastest way to sell land without a ton of hassle.
Benefits of Selling Your Land to a Direct Buyer
Why should you choose this route over the others? Take a look at the following benefits to discover just how helpful a direct buyer can be for you.
It’s a Fast Solution
Listing your land with an agency or on your own and waiting for the right buyer can take weeks, months, or even years. Whether you’re selling to make money or get the property off your hands, having to wait this long is typically not a good thing.
Selling directly, though, is much faster. In most cases, these buyers have cash ready to go, so there’s no long drawn-out loan process to worry about. The sale can typically be completed within two to three weeks of contacting the buyer. You can have the money in your hands in a month or less.
It Can Save You Money
Selling with an agent means paying commissions from your profits. Doing it yourself requires money for marketing. Listing with an agent or doing it yourself both require closing costs. And while you’re waiting for everything to be done, you’re still paying property taxes.
Selling direct means the property taxes are off of you faster. There are no listing fees, no marketing costs, and no commissions. And with most direct buyers, you don’t even need to cover the closing costs.
It Prevents Headaches
After you contact a direct buyer, the work is pretty much done on your part. You don’t have to worry about showings, negotiations, or any other tasks. The buyer will take care of everything – you’ll just be asked to sign when it’s time.
You may also like: 5 Tips for the Real Estate Investor
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