When putting your land up for sale, there are a number of things to consider. How long will your land sit on the market waiting for the right buyer? Does it make sense to get a current survey? Or have a percolation test completed if there is no septic? Can I afford the commission if I deal with a real estate agent? Call us at (844) 558-6880 to find out additional questions to ask yourself before deciding to sell.
As-Is Purchases
Professional land buyers in Tennessee will purchase land as-is. As a seller, this means you do not have to worry about getting a survey or having your land “perked”. Professional land buyers are not looking for you to sink more money into your property before you sell it. It a truly an as-is transaction.
Easy Closings
Professional land buyers in Tennessee typically close faster than traditional land buyers and usually in pay full in cash. Traditional land purchases may require qualifications from banks, mortgage underwriting time, and the buyer may not end up qualifying in the end. There are also normally no commissions paid to a buyer’s or seller’s agent which means thousands of dollars in savings. The usual commission is 5% per side, so that can really add up. Professional land buyers also typically do not charge transaction fees. They also provide mail-away closings which is a wonderful thing for out of state owners.
Stress-Free Selling
When you decide to use a professional land buyer in Tennessee, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls regarding inquiries on your property. You also don’t have to worry about having to negotiate back and forth on price. Most people don’t like confrontation and negotiating can feel like a confrontation, so you don’t have the added stress of agreeing on a price.
Less Risk
Selling to a professional land buyer is extremely straight forward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know about 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.