There are many reasons why it is attractive to sell land fast. You don’t want to have to continue to worry about upkeep. You don’t want the ongoing stress of wondering “if” it will sell. The property is tying you down and you want to move on.
But the most important reason to sell fast is profit.
You are much more likely to get a high offer if you sell within the first two weeks of listing. Once the property begins to sit, the leverage goes into the buyer’s court. They can start to sense that you are desperate to sell. It may leave you no choice but to accept a low offer.
To help you avoid this situation and maximize the profit for your land, keep reading for 4 important strategies for selling land fast.
Owning property is said to be one of the most surefire ways to build wealth. As a finite resource, its demand will always be high. This can lead you to believe that land will essentially “sell itself.”
This is not necessarily the case.
Even in strong markets, the competition to sell land is fierce. You have to be active in building a market and helping your property shine. Some ways you can do this include:
- Create a compelling narrative around your property – What are some of its unique features? Why is it better than other pieces of land? How is it positioned to be an appreciating asset in the years to come?
- Build a worldwide market – Understand that you are no longer confined to physical location. Buyers all over the world are looking for second homes and investment opportunities. Show them how your land fits the bill to create a broader market for your property.
- Hire the best real estate photographer out there – Modern real estate transactions begin online. The quality of the images on your online listing will make that all-important first impression. Invest in a photographer experienced in real estate to help your listing stand out.
By cultivating a strong market prior to listing, you increase the chances of getting a strong pool of qualified candidates ready to make an offer within the first week.
Many realtors claim that the quality of a house lies in the bones. This is true. A house is nothing if its foundation and framing are not up to snuff.
But it is also true that a house will not sell without proper curb appeal. People don’t want to live in a house that they can’t take pride in. They want something that will turn heads upon first glance.
One of the easiest ways to boost the curb appeal of a property is through landscaping. Simple measures such as mowing the lawn, pruning dead branches from trees, and adding blooming plants can do wonders for increasing interest.
Another easy way to give the property a facelift is through a new driveway. Concrete driveways look good when new, but they quickly lose their luster. Cracks from moisture absorption, stains from car fluids, and buckling from erosion are just a few of the issues concrete driveways face.
Modern homes are turning to permeable gravel driveways as a solution. They use durable plastic paver grids to hold gravel in place. This ensures that erosion won’t wash the driveway away or that traffic won’t cause ruts. How much does it cost to gravel a driveway? About $2 per square foot. This will vary depending on the type of stone you choose. However, most permeable gravel driveways are competitive with concrete driveways price-wise. And they ensure more long-lasting curb appeal to help the property sell fast.
Sustainability and energy efficiency are major points of emphasis in 2023. A new generation of home buyers wants to limit the impact that their homes contribute to climate change. Solar panels are all the rage. But there are other ways to limit consumption on a property. A few of the most pertinent include:
- Installing new windows to promote natural light flow and reduce reliance on electricity
- Comparing asphalt vs composite roofing and aluminum vs vinyl siding to determine which of these exterior products will best resist the elements and secure the building envelope
- Upgrading the insulation in the roof, walls, and below-grade areas to improve the property’s R-value
Making these kinds of upgrades prior to listing will stand out on the market. Environmentally conscientious buyers will prioritize them, increasing the likelihood you get an offer fast.
Some homeowners cringe at having to pay realtor fees. They try to sell their house on their own. And it ends in disaster.
The mountain of paperwork and permits involved in a real estate transaction is daunting. Failure to properly sign or submit any one of them can cause serious delays. The sale will even fall through in some cases. This lost opportunity can cost the seller tens of thousands of dollars.
Realtors are licensed to know the ins and outs of all this documentation. They will be right at your side throughout the selling process. It will alleviate a world of stress and give you the confidence that everything is signed, sealed, and delivered to ensure a timely sale.
Selling land fast is important for many reasons, none more so than maximizing profit. To help in this regard, consider top-notch marketing prior to the listing, boosting curb appeal, highlighting sustainability, and working with the right real estate agent as 4 essential tips for selling your property fast!
About the Author:
Corey Tyner is a seasoned land buyer and real estate writer with years of experience in the industry. With a passion for educating readers on the intricacies of buying and selling real estate, he specializes in sharing his knowledge and expertise with others. Through his writing, Corey provides valuable insights into the world of land buying and selling, offering practical tips and strategies to help readers navigate the process with confidence.