Have you finally decided that it is time to sell your land? Like most sellers, you have probably wondered about the best way to sell your land. First, before putting your land on the market, you must understand the basics of each option to make the best decision about how you sell. For example, what are the average days on the market with each sales method? How much inconvenience and work does each type of sale involve, and what are the costs? And last but not least, how does the sales method affect your bottom line at closing?
Having the answers to these questions before you sell allows you to make the best choice for your current financial and personal needs. So read on as we explore three options for selling your land in Lorain. Please note that this article is for informational purposes, not financial or legal advice.
List Your Land
Listing your property on the market is one of your options for selling your land in Lorain. Often, sellers turn to real estate agents and are willing to pay their high fees for the convenience of avoiding the red tape and paperwork. An agent can advise you of the average days land listings are on the market and will place your property on the best sites; you should know that land sales are slower than residential. However, suppose you are considering selling as an FSBO to save the real estate commissions when selling your land. In that case, you should review the abysmal statistics for those who strike out on their own into the real estate market. Typically, the results are an overall disappointment for the small percentage who are successful, with a lower final sales price that took longer to sell. No matter which option you choose to list, you should also expect to pay for your online marketing, hiring professionals for high-quality imagery to present your listing in its best light. Professional buyers like those at Buckeye Home Solutions provide an overview of how much you could expect to profit with a listing as an FSBO or with an agent vs. our offer to buy your land directly for cash. The local professional buyers at Buckeye Home Solutions work with a policy of complete transparency because we want you to agree that our offer is fair and feel good about working with us long after closing.
The buyer pool for land is an exclusive and small market. For those who can afford to hold the property for years, a creative option that increases the buyer pool for selling your land in Lorain is to offer owner financing. Because you’re offering to finance your buyers, you can demand a higher sales price for the property. An installment sale also makes for lower tax payments because they spread over the contract years. Besides the cash flow created from the installment payments, you will earn interest. And because you hold the title, if the buyer cannot fulfill the contract, you retain ownership of the land. Additionally, because you skip traditional lenders’ red tape and paperwork, your deal can happen much more quickly when you offer owner financing. Professional buyers like those at Buckeye Home Solutions understand that not all sellers have the time available for this option. Whether you’re ready to sell your land and want the convenience and speed or your personal or financial circumstances call for a quick sale, a direct sale to a professional buyer from Buckeye Home Solutions may be your solution. The professional buyers at Buckeye Home Solutions can provide you with a guaranteed closing date by selling your land directly, typically within days.
A lesser-known option for selling your land in Lorain is to work with professional buyers like those at Buckeye Home Solutions who buy land directly. These are professional investors who built a career here in Lorain working with sellers like you to help solve their problems. The experienced buyers at Buckeye Home Solutions save sellers time and money because they never charge commissions when you’re selling your land directly. At Buckeye Home Solutions, our professional buyers work with a full-service in-house team of industry specialists, including every expert needed from initial assessment to closing. Working with professional buyers at Buckeye Home Solutions and their team saves you more money because you will not pay closing costs or out-of-pocket expenses when selling directly. With no commissions, hidden fees, and no surprises, you can rest assured that the amount of your offer for a direct sale to the professional buyers at Buckeye Home Solutions is the amount you will have in hand when you walk away from the closing table.
Selling your land in Lorain is quick, easy, and straightforward when you make a direct sale to the pros at Buckeye Home Solutions. Talk to a professional buyer at Buckeye Home Solutions about selling your land today with no obligation. Call Buckeye Home Solutions at (440) 482-1428.