Hi, I’m Beth with TB Properties Buys Land. Today, we’re going to answer the question, can you sell your bare land by yourself? If you are the owner of your vacant land, then absolutely you can sell your property by yourself. The better question is, do you have the time and the resources in order to do so? One of the great things about the internet today is that it makes it a lot easier for you to sell things online. You’re seeing FaceBook Marketplace as a great place for you to sell your used items instead of having a garage sale. The same opportunity is available for land. One of the best things that you can do to sell your land is to put your property on the MLS. You don’t have to have a realtor in order to do so. It’s great to put your property on the MLS if you’re trying to sell your land by yourself because it gives you some credibility.
The biggest thing that people are afraid of today are scams, right? I would bet that you’re the same way when you’re looking to sell your property, or if you’re looking to buy something online. The big question is always: how am I going to avoid being scammed? When you put your land on the MLS, it tends to calm people down and they think there’s more credibility behind it. You can do that with some money behind it and the cost to add to the MLS greatly depends on your area. You can also sell your property on FaceBook Marketplace. You can list it both on Marketplace as well as have it on the MLS.
Now, there’s a key couple things that you need to consider when it comes to putting it on Marketplace. You’re going to get a lot of crazy people reaching out to you. Not to say everyone who reaches out is crazy, but you’re going to get a lot of questions and a lot of “tire kickers” so just be ready for that. Just keep in mind that if you are working, will you able to answer those questions with your current work schedule and with your personal schedule?
There are a couple of things to think about when you’re answering some of these questions. People are going to reach out to you and they’re going to ask you some technical questions about your property. Here are a few things to expect: What’s the address? As you probably already know about your property, most bare land doesn’t have an address assigned to it yet, but land buyers often don’t know this and they certainly don’t like it in the age of GPS navigation systems. Just be ready for when they ask you, “How do I get there?” You’re going to have to have really good directions for them. Some may be saavy enough and ask you for GPS coordinates on how to get there. Do you have a way of providing GPS coordinates of your property? Do you have a recent survey for your property? Have the corners been marked so that they actually know if they’re even on the property? If not, do you have a way of marking and flagging the corners of your property? Land buyers want to be able to walk the corners of the property so a visual can be super important. Are you going to be able to meet people out there and walk them throughout the property? Do you have the time to do that? Do you feel safe doing that? What’s your proximity to the property in order to do that?
Another consideration is: does your property have a good entrance to it? Are you touching a county road? And if not, do you have a private road? Is it maintained? Do you need to get somebody out there with a brush hog to clean up the saplings or some of the brush that’s in the area in order to make a way for someone to be able to get to your property? What about easements? Do you have any and if so, what are they for, what are the restrictions if any, and how might it affect a future landowner? Do you have a copy of your title commitment when you purchased the property that documents these easements and / or restrictions, or do you have a list of anything affecting the property? These are a few examples of things to make sure you’re ready for when fielding questions about easements for maybe a pipeline, or electricity, or someone’s got some other sort of easement for ingress and egress. Understand that you’re going to get questions like that. Another is: do you have legal access to the property? Do you have water rights? Do you have mineral rights to the property? Is it land-locked?
In order to sell your property, a lot of people are going to have these questions for you and they’re going to expect you to be able to answer those in order to feel safe progressing through the transaction. When it comes to the transactional part of selling your property, do you have a contract put together, something that makes sense to the person who’s buying your property? Is it legally binding? Do you have a title company that you want to work through? These are just a couple things to consider. I just want to make sure that you make your list of things to prepare for when listing your bare land.
Another question that you’re going to get when it comes to selling your property is owner finance. Are you willing to offer owner finance for the property? These are a few questions you will want to be prepared for and it is information you will want to have accessible when it comes to listing your property and selling it on your own. As you can see, you can absolutely sell your property on your own and people do it all the time, but if this sounds a little bit daunting to you, I get it. I totally get it. There is another option.
Here at TB Properties Buys Land, we are real estate investors. We purchase vacant land for cash. We already provide that one page, very simple purchase contract and we work through a title company on all of our transactions for the safety and security of both parties. Since we pay in cash, we don’t have to get a loan and waste time waiting for loan approval or anything like that. We will ask you a few questions about your property, but we also understand you may not be able to answer all of those questions. Some of that is also our job to find that detailed information out on our own as we purchase the property. You are always able to sell your bare land on your own but if you don’t want to go through all of that, I totally get it. Feel free to reach out to us. We’re happy to provide you with a quote. We pay with cash and we close through a title company for your safety, and we try to answer any questions that you might have. Hopefully this gives you some ideas on how to sell your property all by yourself. If not, we look forward to hearing back from you. Thanks again.