Selling your land in a flooded market can feel challenging. When an abundance of properties are listed, it can be difficult to stand out among the crowd. Many people are trying to sell right now for a variety of reasons. So if you find that you’re having trouble finding a buyer because of a saturated real estate market, there are a few things you can do to help move the process of finding a buyer. In this post, we offer some suggestions on How to Sell Your Land in a Flooded Market.
1) Owner Financing
Offering perspective buyers the added bonus of owner financing is a creative way to sell your land in a flooded market. This usually involves a large down payment and a contract with a specified period, usually shorter than conventional loans. This type of financing usually carries a higher interest rate as well. Should the buyer default, the seller will keep all the monies collected to date, because you retain full ownership of the property until the completion of the contract. Also, if you’re willing and able to flexible with the terms and length of the financing, you have a better chance of attracting a potential buyer.
2) Advanced Marketing
Using advanced marketing techniques is another way to sell your land in a flooded market. Because so many property owners now advertise on the internet, you’ll need to ensure that you take advantage of the top-rated sites and pay for more exposure, skipping the flooded sites that list real estate without charge. Additionally, to compete, you can invest in professional photography for an outstanding image gallery, as well as providing 360-degree virtual tours filmed by professional drone pilots.
3) A Little Maintenance
Giving the land some better curb appeal can also help set your land for sale appart in a flooded market. If the property has become overgrown with vegetation or ended up being somebody’s else trash dump, it could be looking less and less desirable to potential buyers. And when your property doesn’t “fit in” with the surrounding properties, the lack of conformity may affect the valuation of the real estate appraisal. Additionally, buyers may be unwilling or unable to put in the work, money, and time to clear the land of debris or trash. By making this investment to clear the land, you are likely to see much more interest in your real estate.
While networking can take time, it’s a great way to sell your land in a flooded market. You’ll want to be certain to make connections with buyers through professionals in the real estate industry. By surrounding yourself with a great team, you can instantly increase your contacts. There are also very active investment clubs with both virtual and in person meetings scheduled regularly. You might also want to consider attending conventions and social media meetings to build your network as well.
5) Sell Directly to Investment Land Alliance
The quickest and easiest way to sell your land in a flooded market is to sell directly to Investment Land Alliance. We can offer you a fair price and a fast closing so you can focus on more important things instead of trying to sell your property. We can buy your property as-is, and our vast experience in the local market means we understand the risks and expenses involved.