Now that we have your attention, when you have a piece of property that you’re ready to sell, you probably want to close the deal quickly and for the biggest profit possible. And the best way to check both of those boxes—sell the land for cash! But, not all cash buyers are created equally. Random cash buyers off of the street and quality professional land buyers are two very different groups with two very different sets of benefits. In this post, we look at what you should know before you sell your land for cash in Arizona (or anywhere for that matter).
1) Know Your Buyer
Before you sell your land for cash, you’ll want to do some background research on your potential buyer, whether they’re a private citizen offering cash or a professional land buyer. Many times, individual cash buyers have recently decided to jump on the flipping bandwagon wanting to earn a quick buck without any understanding of the financial commitment involved. These get rich quick buyers often end up getting cold feet, backing out of deals, learning their lesson at your expense. On the other hand, professional buyers can make you fair offer, pay in cash, and close the deal quickly. Either way, a quick internet search should give you some good information on if your buyer has a solid background and reliable track record.
2) Getting A Fair Price
Rookie cash buyers are looking to earn a quick turn around on their investment and have little to no interest in your needs when you sell your land for cash in Arizona. It is likely that you won’t come out on the good end of the transaction financially in this scenario. Professional direct buyers will take the time to listen and help you to assess what type of sale may be best for you. They care about doing what is best to suit your specific situation. Not only do they care about your final outcome in the deal, they know the market well and you can be certain the numbers they bring to you are on target.
3) Sales Timeline
Working with someone inexperienced could end up costing you dearly in both time lost and expenses that can’t be recovered when you sell your land for cash in Arizona. Your cash buyer may delay and miss important closing deadlines because they have no experience to guide them in completing the process in a timely manner. However, when you work with a professional land buyer, things will go smoothly and much quicker. You can rest assured that you can depend on their word, allowing you to move forward with your plans in the time frame promised.
4) Selling As-Is
Many times, sellers take the course of seeking cash buyers because the property is in a state of disrepair or neglect. Some sellers have land in perfectly good shape, but with other challenges such as no road access, lack of utilities, or the real estate has an undesirable location. Professional direct buyers are able to purchase the real estate as-is when you sell your land for cash in Arizona. Casual cash buyers, on the other hand, may see these “quirks” and back out of the deal leaving you high and dry. The big takeaway here is that selling your property in its current state is not a problem when you’re working with a professional land buying company.