Buying a property is a complex thing to do, let alone trying to sell one. Selling vacant land is not an easy task, and if you are not under the guidance of an agent, doing it yourself is a real challenge. What adds to that challenge is you’re trying to sell land in Florida, but don’t fret yet since we are about to show you 5 important things you should know about selling your vacant land in Florida!
Florida has a Less Active Market
Florida has, indeed, a less active real estate market. What this means is that the vacant land market is relatively weaker than the market for residential and commercial buildings. This can mean you will have a longer time trying to find buyers since they are less and hard to find, and this means you have to do the extra mile of getting your land noticed by these vacant land buyers. Doing the extra mile means you have to do extra advertising and possibly doing talks with prospects as many as you can.
Stage Your Land
As a good seller, you need to prepare your land for visitations done by prospective buyers. Think about first impressions, do you think a prospective buyer will come back to buy your vacant land if it’s dirty and unorganized? We’re guessing you already know the answer to that. Staging your land or preparing your land is pretty straightforward: do your best to make sure that a prospective buyer’s first impression of the land will push him or her to come back and buy the land.
You may ask how you can beautify a patch of land, and to be honest, it’s fairly simple: you just need to trim and organize bushes and trees, clear the land of any trash, clean everything that can smell, and basically check every single thing in the land if it’s presentable.
Research Your Asking Price
If you need to buy a car and you suddenly see a listing of a second-hand sedan with the price of a high-end Porsche model, would you buy it? We don’t think so. While our analogy might seem outrageous, it can be modeled after selling vacant land. No one would buy land that is way more than the average market price, except you’re offering something extraordinary and out of this world. On the other hand, if you price your land too cheap, then you’re undervaluing your property. The best way to be on the right course of land price is to thoroughly research as you possibly can.
Asking prices can either make or break your land selling journey, so you need to tread the waters carefully.
Offer Qualified Prospects Financing
Some prospective buyers do not have large savings to buy your land or they simply do not qualify for a bank’s financing qualifications because of their credit. One way to help them out and speed up your selling journey is to offer them financing. Offering prospective buyers financing will possibly get you more potential buyers, and the more who wants to buy your land, the better.
The only thing you should do is to do buyer checks and background checks to see if they qualify for your financing to help yourself avoid problematic situations in the future.
Consider Professional Guidance
As we have said before, buying or selling land is not an easy task especially without the help and guidance of professionals such as real estate agents. One of the best things you could get if you get help is that you don’t have to work as hard if you try to do it yourself. Basically, real estate agents or professional land buyers will do all the hard work for you and you just need to relax. You do minor tasks, and they do the heavy lifting. Simple as that.
Selling your land in Florida is not an easy feat, but with the right mindset, grit, knowledge, and possibly professional help, you will only be a step away from selling your land. But always understand and remember, you need to consider all things left and right before you even list your property for you to have a better chance of selling the land quickly while getting paid handsomely. Good luck!
If you need help selling or buying land, please look at our listings and/or contact 727 Land Book