You are in the market to sell your rural, vacant land and are comparing land buyers in Pend Oreille County, WA. How do you know if this buyer is a great land buyer or a bad one? With the wonders of today’s internet, you are able to do your homework on just about anything or anyone! Check with credible rating sources to see what other people’s experiences have been, see if they are active on social media, how does their website look? What kind of property do they regularly purchase?
Quick Cash
Great vacant land buyers will offer you a quick closing; sometimes as fast as 2 business days. They will offer to pay for your property in 100% cash, but may also use other payment types to suit the situation. Bad land buyers are difficult to get in touch with, they may offer you a quick closing but constantly delay or do not return your phone calls or emails. If they do close, they may have had to be qualified for a loan first, and hopefully, they are able to have the final closing. Great vacant land buyers will also not typically renegotiate unless extraneous situations arise or hidden facts are uncovered. Bad land buyers may try to readjust the price, maybe even multiple times.
Great Reviews
A great vacant land buyer will have a lot of reviews, mostly positive. We all know that things happen, and sometimes people make mistakes, so there may be some negative reviews. This shouldn’t sway your decision too much at first, but make sure to read if the land buyer has responded to the reviews. If they did, how did they handle the situation? Do you agree with how they handled it? If you were the seller in that situation, would you have been settled? Also, don’t be afraid to ask around. Have your family or friends ever heard of this buyer?
Their Personality
Great vacant land buyers have a positive attitude about real estate and they follow through. If you ask them to call you back at a certain time, they will do so consistently. They will talk a good game, and back it up too! Bad land buyers will amp you up and disappoint. They will set appointments with you, and never call you back or never show up. Can you imagine clearing your schedule, awaiting their call, and the potential buyer never get back with you?
References
References are an important part of business. A great vacant land buyer will have multiple references you can call to see how they do business, and they shouldn’t hesitate to answer any of your questions. If they do, then this may be a sign they are a bad land buyer. Look at their website, does it list reviews? Are they situation-specific, or is it a really general, too good to be true review that makes you question if their employees wrote them? Do they have a presence on social media or other rating websites? What are their followers saying in their comments? Do they have public reviews to read?
Closing
A great vacant land buyer will commit to a relatively quick closing date, anywhere from 2 to 30 days and will provide a deposit. They will not try to rush you off your land and they will stay in contact with the title company. A bad land buyer may try to extend the closing date multiple times, or ignore the closing date altogether and may have never submitted their deposit according to the contract. If the buyer is using financing, there will be very few items listed on the commitment letter. Bad land buyers will have multiple issues listed on their commitment, possibly questioning sources of funds and a sudden drop in credit score.