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Selling Land Without Realtor | Auction Flippers

Selling Land Without Realtor

Selling properties can be a hassle – you need to find buyers, negotiate with them, prepare contracts and more. To avoid this, many owners tend to hire a real estate agent to deal with all this on their behalf. But, you do need to pay a part of your profits to them as fees.

But, is hiring a realtor necessary? Well, not really, especially if you are only selling a vacant piece of land. As long as you have the necessary knowledge, you can easily close the deal at a good price without needing to hire the services of a realtor. Of course, you will need to put in a fair amount of effort to ensure everything goes right. But if saving money is your goal, then selling your land directly to the buyer is the best choice. Here is everything you need to know about selling land without realtor.

Why Would You Try To Sell Land Without A Realtor?

Well, there might be several reasons why you would want to forgo hiring a real estate agent for selling your land. The first and perhaps most important reason is saving money. You see, realtors take over the many responsibilities associated with selling a property in lieu of fees. And usually, this fee is a fixed percentage of the sale amount. In other words, the higher the price your property is sold for, the greater the fees you need to pay the real estate agent.

So, while you don’t need to spend your time and energy for finalizing the sale, you do have to part with a substantial amount. But, you can avoid this by selling the property directly. You will need to do some work, but at the end, you won’t have to share your profits from the sale with the realtor. And considering that the commission or fees can go up to 10% of the sale, you would be saving a lot.

At the same time, it may so happen that you do want to hire a realtor to avoid the trouble, but can’t find a capable individual. This may be either due to the absence of reputed realtors in your area, or their unwillingness to list your property due to some reason. Therefore, whatever may be your objective, it’s a good idea to be aware of the process of selling your land by yourself.

How To Sell Land Without A Realtor?

Let’s be honest – selling land without a realtor can be a difficult and time-consuming task. But, it is pretty much possible when you know how to go forward with it. To help you out, here we have listed some key steps you need to follow to ensure a smooth selling procedure.

Determine The Value Of Your Property

The first thing you need to do after you decide to sell a property by yourself is to determine its correct price. Well, you could do it by yourself, although you would need good research skills. Try conducting an elaborate market research to understand the price of properties in your area. Or you could get in touch with other sellers in the region who own properties similar to your’s to gain some idea about the price.

But if this seems like a lot of work and you don’t have the required time, there’s an easier way. You can consult a professional appraiser who can assess the property and determine its value. No matter which of the methods you choose, it’s crucial to have a clear idea of the market value of your land before listing it up for sale.

Utilize the Right Platforms

How do you inform the public that you want to sell your land? Well, you need to list it on the right platforms. It’s best to go for multiple platforms if you want your land to sell quicker. Start with listing the properties on local listing services and newspapers. You could also make use of the numerous online listing platforms as well as social media sites. The goal here is to make sure the listing reaches the maximum number of people.

Brush Up Your Negotiation Skills

If you are selling land by yourself, you need to work on your negotiation skills. You see, realtors deal with buyers and sellers on a daily basis, so they are much more experienced when it comes to negotiation. So, while they won’t find it difficult to negotiate the price with a potential buyer, the same may not be true for you.

If you receive several offers for your land, you don’t need to worry. But in case the offers are few, you need to market your land well to ensure it sells for a fair price. If you are satisfied with an offer, try to close the sale as soon as you can.

Ensure You Have the Necessary Documentation Ready

Selling your land without a realtor means that you have to prepare all the necessary documents by yourself too. This isn’t too difficult, you just have to ensure you are aware of everything you need. Documents like the title deed of the land, insurance and financial documents, etc. are necessary when selling the land. Keep all the records in one place so that you can show them to the buyer as and when required.

Some Tips to Get You Started

Create a Checklist

If you are selling land directly to the buyer for the first time, it’s easy to be confused regarding the different things you need to do. Try maintaining a checklist to ensure that you are on the right track.

Ensure Your Land is Presentable

Even if you are selling a vacant piece of land, you need to prepare it well so that the buyer finds it well maintained. Get rid of the overgrown weeds and clean up the trash to make the land look presentable.

Consider Offering Financing

You can try offering easy financing to help sell your land faster. Buyers are more likely to buy properties at a high price when they can pay in easier installments.

Summing Up

Selling land without a realtor isn’t hard when you know the right procedure. Hopefully, this article would be useful for helping you sell your property successfully.

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