There are a lot of things to consider when placing your rural vacant land for sale. How long will your property be on the market waiting for a qualified buyer? What shape is the property in, and how much will needed maintenance cost? Will the buyer find something wrong with the property after closing and potentially sue? Can I afford the commission if I deal with a Realtor? Call us at 214-699-4455 to find out additional questions to ask yourself before deciding to sell.
As-Is Purchases
Professional land buyers in Ferry County, WA will usually purchase rural, vacant land as is. As a seller, this means you do not have to worry about maintenance before closing or the cost of a survey, or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction.
Easy Closings
Professional land buyers in Ferry County, WA typically close faster than traditional land buyers, and usually in pay full in cash. Traditional land purchases usually require qualifications from banks, mortgage underwriting time, property appraisal time and the buyer may not end up qualifying in the end. There are also normally no commissions paid to a buyer’s or seller’s agent which means thousands of dollars in savings. The usual commission is 5% per side, so if you sell your land for $20,000, you would have to pay $2,000 in commissions alone! Professional vacant land buyers also may not charge transaction fees; if they do, they are extremely low in comparison to the commission or closing costs you would have to pay otherwise. They also provide mail-away closings which is a wonderful thing for out of state owners.
Extended Occupancy
Professional land buyers are in it for the investment. They are not expecting to move onto the land on the day of closing. Most vacant land buyers will allow a move-out timeframe after closing to allow you to relocate at your own pace. This is extremely helpful, especially with such quick closing timeframes. Also, you may not even have to clean the land when you leave. You can simply pack your personal items you want to keep and leave the rest.
Stress-Free Selling
When you decide to use a professional land buyer in Ferry County, WA, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking questions on how to find your land. You don’t have to worry about upkeep of your land, just in case there is a showing. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing about topography or how far away utilities are.
Less Risk
Selling to a professional land buyer is extremely straight forward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the home or the neighborhood. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional land buyers already know the state of the property, and they are willing to take on that risk.