Frequently Asked Questions
What information do you need to research to buy my property?
The contact form only requires that you provide us with your contact information and the property taxes and address of the land. Adding additional information, such as the parcel number is recommended and filling out the form as completely as possible will help us research your property and get you an offer in less time.
Should I just sell my property on my own?
Maybe. But keep in mind there are a number of reasons why it can be difficult to sell vacant land on your 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 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 to make up for the relatively low sales price of land. In some cases broker commission percentages can be as high as 35% of the sales price!
Are there expenses involved in Selling My Land?
Yes, but we cover all the basic costs involved in selling your land without a realtor. You will never have to pay anything out of pocket to sell your land to us. Here is a list of some of the costs we cover: – Escrow Fees – Title and Abstracting Fees – Recording Fees – Transfer Taxes – Notary Fees
What if there are back taxes due on my property?
In many cases, depending on the amount of the taxes, we will cover those expenses. Otherwise back taxes and dues will be subtracted from the agreed upon purchase price or offer you received. Each situation is different and we evaluate the amount of back dues and taxes on a case by case basis, in many cases it’s a non-issue.
How long does it take to sell my land online and get the money?
Typically, we schedule closing for 2-3 weeks but are willing to set it to be whenever is convenient for you. So whether you want to close within a week or a month, we can usually accommodate it.
What if the title isn’t clear and there are other names, liens or encumbrances on the land?
We will have to research each situation individually, depending on the state and county where the land is located and the circumstances involved we may be able to quiet the title, file probate, or explore options to clear the title. We are willing to work with you and can usually find a solution to most title issues..
If I request an offer from you, am I obligated to sell you my land?
Absolutely not! You have nothing to lose. It doesn’t hurt to see what we can offer you for your land. So why not give us a call?
TO RECEIVE AN OFFER ON YOUR LAND, SIMPLY REACH OUT TO US VIA ONE OF THE FOLLOWING METHODS:
Email: michael@landbuyers.us
Phone: (903) 884-LAND (5263)