Beth:
Hi, I’m Beth with TB Properties Buys Land. Today we’re going to discuss what your expectations might be when working with a real estate investor like TB Properties Buys Land. When it comes to selling your rural vacant land, you have many different options on how you may wish to sell it. You can go the traditional route and utilize a realtor who will list your property, put it on the market, and then you wait to see what price you might get for it, however long it might take to sell. The question is: why would someone want to work with a real estate investor like TB Properties Buys Land?
One of the biggest reasons that land owners will want to sell their property to us is that they know that they’re going to get paid quickly. There is typically a waiting game when it comes to listing your property. Right now, especially, when you’ve got a volatile real estate market and just a volatile economy in general, we don’t know how long it’s going to take to sell your property if you put it on the market. With rates being higher now, it’s harder to get a loan on property. You may have a smaller group of people who are able to purchase your property. One of the biggest reasons is just speed. You’re able to get paid really quickly working with a company like us.
Since TB Properties Buys Land pays in cash, we’re able to close quickly, which means you don’t have to worry about the delay that can happen with lender approval, and if that falls through, getting started over, waiting on the bank to get their appraiser out there, and how long is that going to take… etc. That could be a couple of months to close in the current environment. When you’re paying in cash, it’s going to be a faster transaction. It’s also going to be a more sure transaction since you’re not waiting on the approval of a lender or an appraiser.
Another reason that people choose to work with us is that we make it a lot easier if you have inherited property. Even if you have been paying property taxes on your land but the deed is not in your name because a family member passed away and left it to you, that can make it difficult (and expensive) to sell your land. It can be difficult and time-consuming to clear a cloud in the chain of title and sometimes it might cost you a significant amount of money in order to clear that up. Maybe you don’t have that cash to work with an attorney in order to clear the chain of title before you can list your property for sale. TB Properties Buys Land makes it possible for land owners to sell their property since we offer to pay those attorney fees in order to clear the chain of title and make it right. That makes a huge difference to many people, some who thought they’d never be able to sell their properties at all.
Some of the reasons people prefer to work with us versus gambling with a realtor is the speed in which we’re able to close and our ability to clear the chain of title for them. Something to point out: sometimes the properties we work with are so old. We’re working with a few right now where there’s not a survey, or the survey’s so old, or maybe it’s just not updated with how things have been parceled out, and it needs to be paid for. If you as the land owner don’t have the say $5,000 or $6,000, maybe it’s even $10,000 for the survey, then it’s going to be hard for you to list that property if you don’t have that survey already done. Since TB Properties Buys Land takes care of that, that’s another reason that people will want to work with us versus working with a realtor.
So when it comes to your expectations for working with a real estate investor like TB Properties Buys Land, you can expect that we’re going to provide you a very easy and simple one page purchase agreement. Make sure that you can understand what is within a contract before you sign. Expect that we are going to pay cash for your property so that we can close quickly, and we’re going to pay for all the closing costs. When working with TB Properties Buys Land you’re not going to get caught up in paying for realtor fees either. You’re not going to get caught up in paying for the escrow fees that go to the title company. The property taxes are going to be prorated. The recording fees… we’re going to cover those as well.
What I have listed are a few expectations, but do expect to close quickly, get paid cash, not have to deal with realtor fees, and that’s a great reason to work with somebody like us. But if you have questions, please feel free to reach out to us. Tim or I, we like to chat with you on the phone, or sometimes people prefer email. But we will try to get in touch with you, learn a little bit more about your property, make you an offer price, and then send that to title so that we can close quickly. Thanks again for listening, and we look forward to hearing from you.