What Information do you need to research or buy my property?
Why shouldn’t I just sell this land on my own?
The market for land can be very slow and sales periods for land can often take months or years. It is very difficult to find bank financing for land which means you’ll typically have to find cash buyers for land which can be difficult. Many land properties are marketed with owner financing meaning they owners have to deal with the hassle of collecting payments for years at a time, only receiving very little each month.
If you decide to choose to list your property with a broker you may be disappointed to find that many brokers don’t take the time or put in the effort necessary to your sell your land due to the lower commissions being offered for land sales. Many brokers are more focussed on selling homes which offer a much larger commission and in many cases their land listings get put on the back burner. This is especially the case in areas where there is only a small local market for land and a large volume of inventory. You may also find that some brokers charge a huge percentage for commission too make up for the relatively low sales price of land. In some cases broker commission percentages can be as high as 10% of the sales price.