One of the best things about owning land is that it rarely ever loses its value. In fact, you can expect it to increase in value over time because there is only so much land available. As the amount of available land and homes continues to decrease, your land will become even more valuable. In light of the recent unpredictability of the real estate market, now could be one of the best opportunities for selling your land. But you might be wondering if you should use a real estate agent to do it. It is possible to sell your land on your own, but hiring a real estate agent will make the process much easier, and here are a few reasons why!
Selling Land is Not as Easy as It Sounds
There are plenty of websites that claim you do not need a real estate agent to sell your land. Yes, selling land is usually much easier than selling a home. However, there are multiple things that can make selling your Florida land a little more complicated.
It may be possible that the land you want to sell is located in a wetlands area. This could make it more difficult to sell it because it could limit what the land can be used for. An experienced real estate agent will understand how to market your land to the right audience. If your land is subject to conservation concerns or has separate mineral or surface rights, you will need the experience of a real estate professional to navigate these issues.
Using a real estate agent helps keep you from making mistakes when selling your land. It can help prevent legal issues in the future if you unknowingly forget to disclose important facts to your buyer. Such legal issues can be financially devastating if you sell your land on your own. Real estate agents are required to carry errors and omissions insurance as a backup to protect themselves if something goes wrong with your real estate transaction.
Agents Know How to Market
Successful real estate agents are skilled with marketing because they depend on it to make a living. They know what audience to target to successfully sell your property and at the right price. Instead of having to list your property through various online sites, your agent handles all the grunt work for you, including:
- Getting professional drone videos or photographs of your land
- Listing your land on your local MLS
- Placing your listing on major real estate websites such as Zillow
- Putting signs up to advertise that your property is for sale
- Assisting you with setting the right sales price based on demand and market comps in your area
- Taking phone calls from potential buyers that are interested in the property
- Meeting potential buyers to take them on tours of your property
These tasks are all done with no upfront costs to you until your land sells and the agent is paid their sales commission. You also benefit by not having to take time out of your busy schedule to do all the marketing yourself, paying out-of-pocket for marketing expenses, or waiting around for buyers to show up.
Best Time to Sell in DeLand
Typically, the fall and winter seasons are the best time to sell land especially when it is located in a warmer climate. Buyers who want to see properties in person versus just online are more willing to go out and visit them in person when they do not need to deal with the heat.
Selling land this time of year often also puts sellers at an advantage. Fewer homes are on the market during the holiday season, so motivated buyers who are interested in building a home are still on the prowl for the perfect property.
You should also consider that now may be the best time for selling your land because there is a greater demand for land as life is beginning to get back to normal after COVID-19. With a low inventory of available homes and properties, land sellers are more likely to receive top dollar as prices continue to increase.
Buyers are more motivated now more than ever to purchase land, especially because of historically low interest rates. Many are trying to purchase properties before the interest rates go back up, which they will once things return to normal. You can also take advantage of the fact that more people are ready to give up city life and move to areas with a better climate and are much less crowded.
If you are ready to sell your land in DeLand or the surrounding area, or even just considering it, it’s a good time to speak with a real estate agent. Contact the sales team at Palmetto Realty today!