Selling Land For Profit: Working With A Land Broker
Finding Buyers:
Finding potential buyers requires knowledge of the area and a good understanding of the possible usage of the land. This will allow you to help potential buyers visualize the exact reasons a property is the right fit for their needs. The selling of undeveloped land, however, holds a different dynamic as it becomes harder for the buyer to visualize the possibilities of what can be built on the land. It’s wise to seek counsel in both scenarios.
What’s a Land Broker?
A land broker is a real estate agent who specializes in the sell and purchase of raw land, developable land or property. As land brokering requires knowledge of multiple legal, real estate, financial and engineering components, it requires years of training to be a proficient land broker or land specialist.
A Land Broker’s Tips On How To Sell Your Land:
• Know your market
• Use online resources to do your research
• Talk to people in the area who may be interested in expanding their property or business
• Consider financing offers
• Price the property competitively
• Prepare the property to present well
•Use a land surveyor to mark the property boundaries
You will want to begin the process well ahead of your desired sell date. As it’s a smaller market you’ll be going after, compared to selling a developed property, plan for it to take some time to sell.
Advantages of Working With A Land Broker:
Working with a professional land expert specializing in land sales is a smart move. First, they will already have a market (or know where to access them) of investors looking for land to purchase. Second, they will do a proper evaluation of the land value and ensure you are priced properly.
A land agent will also ensure that every critical legal and planning piece is taken care of for you, and position you well to create the sales vision for prospective buyers. They know the questions to ask, and suggestions to make.
Ensure you only work with someone specialized in land transactions because inexperience when buying or selling land can cost you thousands. Please have a look at the TEAM MEMBERS we typically work with or check out land broker Adam Tao’s credentials.
CONTACT US today! We’d be happy to help!