Having multiple offers or different options when it comes to selling your property may feel like a dream come true! However, there are many things to consider when choosing the right offer for your vacant land. You’ll want to employ some strategy when deciding which one to pick. Just because the offer looks good on paper, doesn’t mean it’s the right one. In this post, we will offer tips to help you choose the best offer for your Arizona land.
Tip #1 – The Actual Profits
When trying to choose the best offer for your Arizona land, it’s important to consider all of the costs you will incur and then deduct them from that offer price. This will give you a good idea of where you stand financially. A few things you might want to think about are your closing costs which will run about 2-5%. If the land needs to be cleared or cleaned of debris in order to help it sell faster, you’ll need to factor in those costs as well. Finally, you may incur a handful of marketing costs—including getting great photos of the land, listing it on various websites, or even putting up signs to advertise the property—when selling your land. Keep in mind, if you sell your land directly to Investment Land Alliance, there are no repair or closing costs to worry about.
Tip #2 – How They’re Buying
Some buyers will pay in cash, without requiring a loan, while others will need to talk to the banks about financing. Cash buyers are often favored by sellers due to the faster closing speed and less red-tape. The offer is much more likely to go through as you are not bound by the results of an appraisal. Many banks don’t typically offer financing to purchase vacant land which presents quite a hurdle to some potential buyers. If your buyer is using bank financing to acquire the land, make sure they have been pre-approved so you don’t have to wait even longer for that to occur. With a direct sale to Investment Land Alliance, you won’t have to worry about any hassles or waiting. The funds are available to purchase your Arizona land outright, without any hassles or waiting. Our process is extremely simple and straightforward, with no red-tape to worry about.
Tip #3 – The Timeline
How quickly can the closing take place? The faster you eliminate your holding costs, the more cash you will be able to put in your pocket. Ask any investor and they will tell you that once you have decided to sell, the longer you end up holding a property, the more it is costing you. Your costs of ownership add up each month. Property taxes, insurance, and any HOA/POA dues are a few of the costs you will end up paying until the land closes. By selling your vacant land directly to Investment Land Alliance, you’ll be able to close quickly and eliminate your holding costs right away.
When choosing the best offer for your Arizona land, it’s important to consider more than just the price. The true profit, selling timeline, and method of purchase can all have an impact on which offer you ultimately choose. To learn more about the costs and alternate ways you can sell your land in the area, feel free to reach out to us at any time.