Naturally, when you consider selling your land, the next thoughts that may come to mind are the profits and how you’ll spend them, quickly followed by how much of the funds you’ll pay in commissions, which is the cost of hiring a real estate agent. If you’re considering taking on the job of selling your property yourself to cut corners and save money, you should be aware that only about one in 10 owners are successful in their FSBO attempts. On the other hand, a real estate agent advises you on the land’s marketing, brings a qualified buyer to you, and handles the paperwork, deadlines, etc. Top agents utilize the latest technology and the most highly trafficked real estate websites to list the property online. In this post we explore 4 Things You Should Know About Listing Costs When Selling Your Land in Arizona.
1) Prepping
While the commission on the sale may be the most considerable expense to come off your profits at the closing, you should know that prepping and repairs sometimes come with a higher price tag when selling your land in Arizona. An alternative to listing yourself or with an agent, you can skip the prepping, updating, and even the repairs by making a direct sale for your property as-is to a professional investor like those at Investment Land Alliance.
2) Commissions, Fees
As the seller, you will also pay agents commissions for the buyers as part of the listing costs when selling your land in Arizona. In addition, you may also owe brokers fees, and you’ll pay for the professional inspection and appraisal, as well as closing costs. Finally, consider the charges associated with marketing. Today’s buyers are tech-savvy and have high expectations when scrolling online looking for properties. The industry standard of the day requires professional photography to compete with other listings. When you work with a professional investor to buy your property, like the pros at Investment Land Alliance, you can keep the commissions, fees, and marketing expenses in your pocket, and you won’t even pay any closing costs.
3) Holding
A real estate agent cannot tell you your closing date, nor can they guarantee that your land will sell. The expense of holding the property while it is for sale is another thing you should know about listing costs when selling your land in Arizona. As you wait for buyers to come to your door, it can be agonizingly costly as hours turn into days, weeks, or even months. All the while, your taxes, insurance, HOA or POA dues, and monthly utility bills continue to weigh on your shoulders. Regrettably, when some agents set the asking price, they may bend to their client’s demands, listing the property at an unreasonable value, knowing that as days pass and the pressure builds, the sellers will agree to drop the asking price. One problem with this approach is that the longer real estate is on the market, the less likely you will sell at the highest possible price. However, you will have a guaranteed closing scheduled by making a direct sale to a direct buyer like those at Investment Land Alliance. For most properties, a direct sale can close in a matter of a few days or weeks, with the convenience of selecting whatever calendar date works best for your plans.
4) Investment Land Alliance
The most important thing you should know about listing costs when selling your land in Arizona is that Investment Land Alliance will buy your property directly, for cash, and save you all of the costs of listing and all of the precious time. At Investment Land Alliance, we want to help you overcome any hurdles you may be facing, be they financial or time constraints. Our goal at Investment Land Alliance is the make the process easy; that is why we explain everything, step by step. Therefore, before deciding which method of sale is best for your circumstances, why not let a direct buyer from Investment Land Alliance provide you with a comparison of what you would earn by listing the land on the market vs. our offer, which you’ll agree is fair. Contact Investment Land Alliance today at 480-779-8444.