Potential buyers appear in all shapes and sizes when it comes to selling your Arizona land. iBuyers, Agents, and Local Buyers are typically the people looking to buy land. And while they can all take an unwanted piece of land off your hands, they’re not all created equal. In this post we look at the differences between iBuyers, Agents, and Local Buyers and what each means in terms of selling your Arizona land.
iBuyers are companies that buy and sell real estate through a technology platform to work directly with land owners and buyers. These companies aren’t local and do business on a large scale basis and sellers often find that they aren’t being listened to when it comes to their individual questions and concerns. They are looking for properties all over the country in very good condition that they can resell quickly. If the property does need repair, they will often offer way less for it or require the seller to make the repairs before closing. iBuyers are focused on high volume and less profit per unit. Working with an iBuyer is a very cut and dry process; they have standard procedures for acquiring properties and are usually not willing to break the mold. Their approach can be impersonal and can cause you to sacrifice on price.
Real Estate Agents
Agents are paid based on a percentage of the sale price of your property, there are often other fees and costs associated with selling through a standard real estate agent. When using a real estate agent, the buyer’s agent will almost always order an inspection of the property. If they find something wrong with the property structure, they may require you to fix it out of pocket before the property closes. There can be frustrating, middle-of-dinner phone calls asking you questions about the land. Traditional land purchases could require qualifications from banks, mortgage underwriting time, property inspection and the buyer may not end up qualifying in the end. While an agent will do their best to find a buyer for your land, it may take extra time and money on your part to get the deal closed.
Local buyers typically do not charge commission or transaction fees, and if they do, it is extremely low in comparison. That means potentially thousands of dollars in savings! Local buyers that do not use real estate agents are usually investors. They tend to make all-cash offers and close quickly since they are not waiting for financing. Real estate investors and other direct land buyers typically have a network of other buyers, so if your property doesn’t fit in their portfolio, then it may be a great fit for a colleague. Either way, this means very limited waiting time for an offer.
Local buyers, specifically Investment Land Alliance will pay you a great price on your Arizona property. We’ll walk you step-by-step through the process and working together with us at Investment Land Alliance will make the process quick, painless, and easy!
By selling your Arizona land to us at Investment Land Alliance, you will not have to worry about wasting your valuable time or going through a roller coaster of emotions. As Local Buyers, we have time to stop and listen to your individual needs.