Did you know that 47% of United States land is vacant? If you want to sell vacant land, you want to make sure that you’re doing everything right. While this can seem like a tricky task, it’s possible to sell vacant land and make a profit!
It’s important to have the right information and approach to selling vacant land. That’s why we’ve provided five helpful selling tips to help you. Keep reading to learn how.
1. Determine the Best Pricing
Finding the right price to sell property can be a balancing act. If your price is too high, you may not have anybody showing interest. If your price is too low, you’ll miss out on a chance to make more money.
Know your property. Look at the zoning in the property and take note of the details of the land. This can help you to figure out the worth.
Look at the cost of property around you. This can give you an idea of what your land is worth. There are also agents who can help you determine the right pricing for your land.
Check out this article to see how much your land may be worth.
2. Get the Word Out
First and foremost, get that For Sale sign out! It’s the easiest way to let people know that you’re looking to sell the property. This makes it easy for people driving by to see that there is vacant land available.
Don’t limit yourself to one platform. Advertise your property on multiple websites to gain more buyer interest. Start with local listings but don’t be afraid to try larger platforms since you never know who is looking to buy property in your area.
It’s also important to talk with your neighbors about the process. That way they can talk with potential buyers if you aren’t around and show that there are friendly people in the area.
3. Know Your Buyers
As you begin to spread the word about your land, you need to keep in mind who would be interested in the property. Look at how your land is set up and determine what type of people would be interested in buying it.
Is it developed? Are you in a more rural, suburban, or urban area? There are a lot of factors that go into who wants to buy land.
Try to determine if you’re more likely to sell to people who want to design their own house or a developer looking for a space to build.
4. Keep Your Vacant Land Beautiful
It’s important to make a good first impression. Have your vacant land well-kept at all times. That way any person driving by will be impressed and may be interested in checking your property out.
You should make sure that you mow the lawn, pull weeds, and prune any trees and bushes. Clear out any debris that may have blown in during a storm.
5. Focus on Photography
Pictures sell! Take the time to collect photographs that show your property at its best. People will show interest if they think the land is beautiful and worth buying.
You can collect photos with nicer cameras or drones. However, technology today means even your phone can take a high-quality photograph. Once you’ve captured a great picture, be sure to upload it on any listings.
You Can Sell Vacant Land
Selling vacant land can be intimidating at first, but it’s possible. Follow these selling tips and you can get your vacant land sold.
This process may take time. Be patient and the right opportunity will come.
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