FSBO property listings are one option for land owners in Arizona. “Let’s sell it ourselves and save all of those real estate agent commission fees for ourselves!” Sounds great, right? When it comes to FSBO listings for sale by owner, going it alone isn’t always the right move. The process of selling a property is much harder than it would appear. A 90 percent failure rate for FSBOs trying to sell their own land should give you pause, especially with such an important decision. When you’re ready to select the method you’ll use to sell your land it’s essential to have realistic expectations. In this post, we explore 5 Things You Should Know About Arizona FSBO Property Listings.
1) Time and Toil
One thing you should know before you go with an Arizona FSBO property listings, is that it can take a lot of time and hard work. From scheduling appointments with professionals to answering endless questions from potential buyers, you may come to understand why real estate agents earn such high fees for their services. Then there’s also the wait time you face as your land for sale sits on the market. Best case scenario, you find a buyer right away. But the truth is, land proves tricky to market and solid buyers are often few and far between. If you that kind of free time on your hands, FSBO could be the way for you.
2) Lower Offers
You should also know that Arizona FSBO property listings tend to sell for less than if you had worked with an agent. Agents are on top of their game and understand how important it is to screen potential buyers and market the property properly. They also have excellent people skills. Because they aren’t emotionally involved with the land, negotiations tend to have a better outcome. In order to get the best price for your land for sale, you may find that other selling methods could yield you a more profitable outcome.
Repairs are not something you can escape with Arizona FSBO property listings. While you may not be aware of disclosure laws, learning this lesson the hard way could land you in legal hot water. Even if you don’t make the repairs, the buyers are likely to counteroffer with extravagant discounts from your asking price for doing the work themselves. In terms of vacant land, these repairs often come in the form of clearing the land of vegetation or cleaning any trash or debris that may be on the property.
4) Legalities and Paperwork
Paperwork. Quite often, sellers decide to work with a professional because the thought of doing all of the paperwork is overwhelming. Land owners with Arizona FSBO property listings take on a huge responsibility in making sure every contract and form submitted is legit. Failure on this front could mean a deal falls through and will cost you even more.
5) Holding Costs
If you list your land it doesn’t sell right away, you’ll still be responsible for making sure any taxes, fees, or HOA/POA dues get paid annually. And the longer the land sits on the market, the longer you keep paying these costs. Even an agent cannot tell you an exact closing date when listing a property on the Arizona market.
The Best Alternative
The most important thing you should know about Arizona FSBO property listings is that there is another option. Selling directly to Investment Land Alliance is 100 percent successful for sellers. When you work with Investment Land Alliance to sell your land, you still get to save the commissions for yourself! Investment Land Alliance pays cash so that the closing can be in a matter of days. We will go over all of the details of your property. We buy land as-is. We offer a fair price and a quick closing.
At Investment Land Alliance, our goal is to help you make the most profit on your most important investment, your home. Feel free to ask Investment Land Alliance any questions you may have with no obligations. Send us a message or call Investment Land Alliance at 480-779-8444.