Do you need to sell your land in Arizona? When most people consider selling their property, they immediately picture calling a real estate agent to list their real estate. However, this is not always the most beneficial way for you to sell your land. Most realtors specialize in home sales, so listing a piece of vacant land with a traditional agent could mean a longer time for your property to sit on the market and less of a profit for you. But, we have some ideas to help you think outside of the box when it comes to selling your land. In this post, we look at 4 Unconventional Ways to Sell Your Land in Arizona.
1) Owner Finance
Owner financing is a lucrative yet unconventional way to sell your land in Arizona. This method of sales opens your property up to an entirely different pool of buyers with less than perfect credit who are willing to pay a higher price for the ability to enjoy ownership while getting their creditworthiness in order. You have the driver’s seat in this deal, setting a higher sales price for providing the opportunity and taking the risk that the market rises higher, and they are buying at a great price when the option expires in two or three years. You also carry risks. If the buyers fail to gain financing, you’ll be dealing with legal battles while still paying the mortgage payments. But, owner financing also gives you the option of getting monthly payments over time. And who doesn’t want a little extra income every month?
2) Rent with an Option
Renting your land with a contract for an option to buy at the end of a given period (typically two years) is a very creative, unconventional way to sell your land in Arizona. Sellers can charge a more significant upfront deposit towards the downpayment and add more to the rent as credit towards building a larger down payment over time. Again, you can set a premium on the final sales price as well with this method. You may be asking, “Who would rent vacant land?” The answer is: lots of people! Seasonal vendors—think pumpkin patches, Christmas tree farms, and even farmer’s markets—need a place to set up and sell their products. Event planners also look for open land for festivals and concerts, as well as more creative capitalists like filmmakers and photographers. Finally, recreational groups could be looking for land to rent for extended camping trips, training ventures, or even as season hunting grounds.
One more unconventional way for you to sell your land in Arizona is as an FSBO listing, or For Sale By Owner. This sales method is attractive to land owners who seek to avoid paying high real estate commissions. This approach gives you complete control over the final sales price. But keep in mind, you’re also then solely responsible for marketing, negotiating, and making sure all the proper legal forms are complete when you close the deal.
4) Direct Sale
Finally, direct sales to a company like Investment Land Alliance is a great way to sell your land in Arizona. Professional buyers have the power of cash backing them, meaning that closing is only mere days or weeks away. A professional buyer will take the time to listen to your needs and will even compare what you would likely receive from a conventional sale with a real estate agent so that you can compare your options. With none of the hoops of listing to jump through, a direct sale means you can sell your land quickly and relatively stress-free. A professional buyer like those at Investment Land Alliance will handle everything for you.
The best unconventional way to sell your land in Arizona is to sell directly to Investment Land Alliance! Call Investment Land Alliance at 480-779-8444 or send us a message today!