Sometimes you need to sell your bare land fast. Sometimes it doesn’t matter. If you find yourself pressed for time and wondering “how long does it take to sell my bare land with a realtor vs an investor?” then this blog post will guide you through the answer…
You want to sell your bare land, and perhaps you need to sell in a hurry. Chances are, you arrived at this blog post because you’re hoping to find the best solution for you that sells your bare land as quickly as YOU want.
Before we get to the answer, it’s important to understand the difference between what a realtor does and what an investor does:
When you sell your bare land with a realtor, you are asking the agent to represent you in a sale and to try and find a buyer on your behalf. In other words, you’re selling THROUGH an agent to a buyer.
When you sell your bare land with an investor, you are actually working directly with the one who will be buying the land. In other words, you’re selling TO an investor (they are the buyer).
Now that you understand the difference, here’s how long it can take…
How Long Does It Take To Sell My Rural Vacant Land With A Realtor Vs An Investor?
The Realtor…
A realtor needs to show your house to prospective buyers and try to convince them to buy. Therefore, they’ll want your bare land to be in pristine condition, and then they need to find as many prospective buyers as they can to show your land to.
Therefore, it can take weeks for you to fix up your bare land before a realtor feels that it’s ready to list. And once the realtor lists it, it can take months for the realtor to find buyers to show your land to, and for one of those buyers to make an offer (on average, it can take 3-6 months… sometimes as long as 12 months for this to happen). And what people don’t realize is: if the buyer can’t get financing or gets cold feet in the deal then they can back out and you go through the process again.
Therefore, it can take months to sell your bare land through a realtor – it all depends on how quickly you can get your land in “showroom condition” and how quickly they can find a buyer and whether the buyer goes through with the purchase.
How Long Does It Take To Sell My Bare Land With A Realtor Vs An Investor?
The Investor…
This part surprises most people: an investor can buy your land very fast – some investors can even buy in as little as 7-10 days if that’s what you want. That’s because the investor is the buyer (so no showings are necessary) and many investors (including us here at TB Properties Buys Land) buy land in any condition so you don’t have to fix up the property either.
So, should you sell through a realtor or sell to an investor? That’s up to you. An investor is faster so if speed is important to you then you may want to think about selling to an investor.