There are many reasons why you would want to sell your property, and you have different options for selling. You could use a traditional real estate agent, you could try to sell your property by owner, or you could sell your property to an investor.
Understanding the Buyer
Professional land buyers in Washington typically close faster than traditional land buyers, and usually pay full in cash. Traditional land purchases often require qualifications from banks, mortgage underwriting time, and property inspection time, and in the end, the buyer may not even end up qualifying. Unlike traditional land buyers, with professional land buyers, there are normally no commissions paid to a buyer’s or seller’s agent which means thousands of dollars in savings. For example, the usual commission is 3% per side, so if you sell your land for $200,000, you would have to pay $12,000 in commissions alone! Finally, they also provide mail-away closings which is a wonderful thing for out-of-state owners.
No Preparation Necessary
Professional land buyers in Washington will usually purchase land as-is. As a seller, this means you do not have to worry about any upkeep before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction.
Sell With Confidence
When you decide to use a professional land buyer in Washington, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your land. You don’t have to worry about driving out to your property for a showing. Finally, you don’t have to worry about possibly running into a buyer’s agent or their clients, or dealing with them asking you questions that you really shouldn’t answer anyway.
Selling to a professional land buyer is extremely straightforward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. Additionally, you will have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the land or the neighborhood. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional land buyers already know the state of the property, and they are willing to take on that risk.
Land is Different
Selling land to an investor is very different than if you were selling a commercial, multi-family, or single-family residential property mainly because there is no building. Land is a very simple property to deal with. They may or may not have a survey completed to verify the property lines, and they will most likely prefer that no improvements, such as fences or sheds, have been made. These properties are perfect for investors because they can build the property to fit whatever plans they have. Land transactions can be as quick as a few days when you sell directly to Unique Property Solutions!