More and more, land buying companies are playing a growing role in the real estate industry. People who find themselves with unwanted property are discovering that businesses like Investment Land Alliance provide a faster and easier way to sell their land as they can often offer cash and a quick closing. But, not all land buyers are created equally. You want to make sure you work with a reputable company with great credibility. In this post, we look at 5 Signs of a Reliable Land Buying Company. Side note: Investment Land Alliance meets all of these standards.
1) They Focus on Your Needs
The first sign of a great land buying company: the staff cares more about helping you get the best deal than about their bottom line. If you have questions or issues with your property, an honest land buyer will take the time to listen to your needs. They will guide you to the best solution for your needs, even if that means recommending a real estate agent as your best option. They should also have information available for assistance, should you be facing financial difficulties. A good company will make you feel that they are focused on the reasons you are selling. If they’re not listening, or something feels off in your gut when you meet, don’t hesitate to walk away.
2) There’s No Pressure
Giving you all of the time you need to feel secure about the company you’re dealing with is a hallmark of an ethical land buying company. You should never feel rushed into such an important decision. Pushing you to close the deal too soon, perhaps even the first time you meet, isn’t a good sign. A solid land buyer will take the time to answer any questions you may have, all the while making sure you get a fair deal on your property. If you feel like you’re being pressured into a closing you’re not comfortable with, it may be time to go in a different direction.
3) Money Flow
When working with a super land buying company, the money should be flowing towards you, not away. If you’re asked to pay them any type of fee before you ever realize a penny from the sale. Otherwise, you may soon find yourself holding a worthless piece of paper and out of hundreds or even thousands of dollars to scammers. At Investment Land Alliance, we pay 100% of all the closing costs. We want to make sure you get the best price for your land. If a land buyer asks you to give them money, take that as a sure sign that you should be showing them the door.
A solid company will have a presence online, including a professional website and some social media. You should be able to find reviews and testimonials. Check social media for regularity of postings over a long time period, indicating you’re working with a well-established land buying company. You should also take note of their online advertising in general as well as the office, their signs, and even the paperwork. Is there a polished and up-to-date appearance that conforms across online and in person? If so, that’s a great sign of a great company.
5) Guaranteed Closing
A quality land buying company provides you with a closing date, usually somewhere between 7 to 30 days. This is a good sign you’re dealing with a principled land buying company, like Investment Land Alliance. A land buyer should also be open to working with whichever mortgage company, inspector, or any other service provided towards closing is best for your situation. If they are attempting to push closing out to 60 or even 90 days, you may realize more benefits from working with a real estate agent.