Do you have a piece of land that you’re ready to sell? Your first thought might be to call your local real estate agent. But, before you reach out to a realtor, there are some things you need to know about this particular option for selling your land. In this post we look at 5 facts about selling your land in Arizona that an agent may not tell you.
1) Your Bottom Line
Commissions, fees, marketing, and closing costs—these are all expenses that you should anticipate when selling your land in Arizona when you list it with an agent. And while we hope that an agent would be upfront about how these things will affect your slice of the pie, not all of them will give you this information right off the top. Investment Land Alliance can make you a fair offer for your vacant land without any extra costs to you.
2) Closing Delays
Most real estate agents focus on selling homes, meaning their experience selling with vacant land is limited. It’s very possible that an agent may delay closing based upon the completion of inspections and appraisals. It isn’t unusual for closings to take up 60 days, and quite possibly longer, through conventional financing in traditional real estate. The team at Investment Land Alliance knows this market and how land works. In basic terms, you sell your land to us, and then you’re done. Most times you can walk away as quickly as you can sign the contract and send it back to us.
3) Days on the Market
The third thing a real estate agent may not tell you about selling your land in Arizona, is the length of time your property could sit on the market. Many real estate agents can quote the average days on the market for house listings, but vacant land is different. It all comes down to finding the right buyer, in the right area, with the right means of closing the sale. Without having a realistic picture of the possible length of your timeline, you may spend much more time waiting for news of the sale than you would like. That said, Investment Land Alliance can close on the sale of your land relatively quickly giving you more time to get on with your next adventure.
4) Contingencies
Before a real estate agent will take on the sale of vacant land, they’ll want to make sure the property is as “sellable” as possible. Your sale could very well fall through if certain contingencies aren’t met. Contingencies are provisions in the contract that must occur before the sales contract is fulfilled, and are common in traditional real estate. For instance, does the property have road access? Is it in a flood plain? Does is have potential for building? Are there utilities on the land? This is a fact that can be devastating to learn the hard way, about selling your land in Arizona that an agent will not tell you. But, have no fear. We love buying vacant land! We’re open to all sorts of properties—the good, the bad, and even the ugly. Very few things will give us pause about making an offer to buy your land.
5) The State of the Land
One last thing about selling your land in Arizona that an agent may not tell you, if your land is not in what they would consider “good shape,” you’ll probably be on your own to sell it. So if the property is overgrown, has trash, or just doesn’t show well, you could face the added expenses of getting these issues under control. Depending on the situation, the problem could cost you from hundreds to thousands of dollars. But, a direct sale to Investment Land Alliance will save you from the hassle and expense of all of this. We buy land “as-is.”