Sellers, trying to decide whether or not this is the time to sell your land? Holding on to a property that you know you won’t really use, can be costing you hundreds or ever thousands of dollars. But maybe you’re not sure about the best way to sell your land. You actually have a few different options, including talk to a traditional real estate agent, sell it yourself, or sell to a professional buyer. And it’s this last choice of selling your land to a professional buyer that could be just the answer you need! Companies like Investment Land Alliance can save you time, stress, and most all cash. In this post, we look at 4 Ways Selling Your Land Now in Arizona Will Save You Money.
1) You Can Sell Your Land As-Is
Absorbing additional losses when selling your land is the last thing you want or need. Especially if the property has issues, such as limited access, debris, or overgrown vegetation. In traditional listings, you may ultimately be responsible for correcting these issues to make the real estate more sellable, even if your property is listed “As-Is.” Depending on the problem discovered, you could be spending thousands of dollars for labor and repairs. There could even be potential legal risks associated with disclosure laws. All of these costs are subtracted from the purchase price originally offered. Not only can this be extremely disheartening but it could completely wipe out the plans you’ve made for your future. By working with professional buyers, you’ll know the offer is one you can depend on being a firm price. You can avoid legal headaches and keep your money instead of paying for repairs. By selling now to a professional buyer you can literally walk away, which is another way selling your land now in Arizona will save you money.
2) Marketing Costs
Whether you are considering taking it upon yourself to sell your land or working with an agent, there is simply no way to avoid the need to market real estate. No matter who is in control of your marketing plan, you’ll be the one who pays. Depending on the budget outlined, you’ll want to include professional-grade photos, 360-degree, and virtual tours with professional drone footage, which are all the norm for today’s online buyers. Most real estate agents are now including these expenses in the marketing plan. Avoiding all of these costs when selling your land now in Arizona will save you money.
3) Closing Costs
After finally maneuvering your way through the sale, it’s time to sit down and collect your long-awaited funds at the closing table, which may be virtual given today’s business models. Bypassing these charges at closing by selling your land now in Arizona will save you money. The largest of these deductions from your sale is in commissions if you work with an agent. Title insurance, which protects the buyer against any problems with your title, is commonly paid by the seller as well. Again, you’ll be facing another outlay for transfer fees, recording fees, and property taxes, which can vary depending on how the contract was written and the day of the month you actually close. Certain fees will be locked in, discounts on some services required for closing the transaction, and transferring the funds can be found by shopping around.
4) Holding Costs
Even though owning vacant land doesn’t have the typical monthly fees that homeowners face, there are still annual taxes and possibly HOA or POA dues that need to get paid. And the longer you hold on to the property, the longer you’re responsible for these fees. In traditional listings, contracts often contain contingencies, which means your closing date is not guaranteed. And often, inexperienced buyers end up backing out of the deals after several weeks have passed due to a lack of qualifying for financing. By working with a professional buyer, you can alleviate the stress involved for everyone in waiting for closing. Having a quick guaranteed closing date when you are selling your land now in Arizona will save you money.