Of course, it is possible to sell your land on your own. But why would you if you can have a DeLand real estate agent help you navigate the land selling process and make the experience go smoother? Here’s how our Palmetto Realty agents can assist with your sale.
Selling Land is Not Always Easy
If you have Googled “selling land” there is no doubt that you have seen numerous links come up for selling land on your own. Yes, you could attempt to go that route and save having to pay a commission to a real estate agent. And yes, selling land is typically easier than selling land with a home or commercial building residing on it. But sometimes selling a piece of land can become extremely complicated. While you do not have to go through all the inspections that generally go with selling a home or commercial building, there are other intricacies that go with selling land that real estate agents are trained to know about.
Potential land buyers have other concerns, especially if they plan to build on the land they purchase. First, they want to know whether the property is located on wetlands because this could limit how they use the land. Having a water feature like a pond or stream can make your land very attractive to a buyer. However, no one wants to build a home on top of a swamp, so that could make it more of a challenge to sell your property.
Another concern is whether the property may be subject to conservation easements that you as a landowner might not even know about, especially if you inherited the property from a family member. A conservation easement is a “voluntary, legal agreement that permanently limits uses of the land in order to protect its conservation values.”
Lastly, some properties in Florida may have separate mineral and air rights. This means that while the owner owns everything above the land, the other owner owns everything below the surface of the land, which prevents a future owner from having rights to whatever may be found. While this sounds like a potential issue, your agent can help you navigate through determining if the mineral rights are recoverable.
Ignorance of the law is no excuse when selling land on your own. Any mistakes can be financially devastating. Your DeLand real estate agent can help you navigate any potential legal issues that might come up during or after the sale of your land. Agents are required to carry errors and omissions insurance to protect themselves in case something goes wrong with your real estate transaction.
Do You Really Have the Time Needed to Sell Your Land?
Selling your property can be a full-time job in itself. You need to consider whether you have the time to devote to all the marketing needed and time spent fielding calls from potential buyers or even just people who are curious about the property. And then there is the time spent waiting for potential buyers to show for appointments to view the property and chances are there will be no shows.
Whether you own your own business or work full-time, you may not have the bandwidth to handle all of what goes into properly listing land for sale and the tasks that follow once potential buyers start calling. When you hire a real estate agent to list and show the land you are selling, you save both time and money. They will do all the work that goes with marketing and selling land, including:
- Helping you set the best sales price based on market comps and demand in the area
- Having professional photographs and even drone videos if needed of your land
- Listing your land on the local multiple listing service (MLS)
- Entering your listing online with the major real estate websites. like Zillow
- Posting signs on your property to advertise it is for sale
- Taking and screening phone calls from potential buyers who are interested in buying your land
- Meeting interested buyers to take them on a tour of your property
Hiring a DeLand real estate agent means you now have someone who will handle all that goes into selling land and will act in your best interest as your “boots on the ground.” This allows you to direct your focus on your normal activities while your land is up for sale. Your agent does all this work with no upfront cost to you until your property is sold and they receive their sales commission.
If you are ready to sell your land in DeLand or the surrounding Volusia area, it is time to speak to an experienced real estate agent. Contact Palmetto Realty today to get started with our experienced sales team.