What information do I need to provide to sell my land?
The Get Cash Offer Form has a list of fields that we need in order to locate and research your property. Filling out the form as completely as possible will help us to expedite our research and get back to you as quickly as possible with our offer to purchase your land. Filling out this form does not obligate or commit you to accept any offers in any way.
Are there expenses/costs involved in selling my land?
Yes, but we cover all the basic costs involved in selling your property. You will never have to pay anything out of pocket to sell you land to us. Here is a list of some of the costs we cover: – Escrow Fees – Title and Abstracting Fees – Recording Fees – Transfer Taxes – Notary Fees.
What if there are Back Taxes or Dues owed on the property?
In some cases depending on the amount of the taxes, we will cover those expenses. Otherwise, back taxes and dues will be subtracted from the agreed upon the purchase price or offer you received. Each situation is different and we evaluate the amount of back dues and taxes on a case by case basis, in many cases, it’s a non-issue.
What if I don’t have a copy of my deed?
Not a problem, we don’t need a copy of your deed to purchase your property. As long as the deed has been recorded with the county we can access that information from the county in which the property is located. When transferring the property we all prepare a new deed for you to be recorded.
Who needs to be available to sign the deed at closing?
All sellers that are listed on the deed will need to be available to sign the deed at closing.
Why shouldn’t I work with a broker or sell this on my own?
There are a number of reasons why it is difficult to sell land on your own. The market for land can be very slow and sales periods for land can often take months or years. It is very difficult to find bank financing for land which means you’ll typically have to find cash buyers for land which can be difficult. In many cases land sellers have to offer owner financing meaning they would have to deal with the hassle of collecting payments for years at a time, only receiving very little each month. If you decide to choose to list your property with a broker you may be disappointed to find that many brokers don’t take the time or put in the effort necessary to your sell land due to the lower commissions being offered for land sales. Many brokers are more focused on selling homes which offer a much larger commission and in many cases their land listings get put on the back burner. This is especially the case in areas where there is a small local market for land and a large volume of inventory. You may also find that some brokers charge a huge percentage for commission. In many cases to compensate for the lower selling price of land vs. homes, brokers will charge a larger percentage commission. In some cases, broker commission percentages can be as high as 35% of the sales price.