If you own land, you may now be considering it a good time to sell. But you may also be thinking about whether you need to do it with the help of a real estate agent. One of the major reasons sellers choose to go without an agent is that they want to save money on commissions. Here are a few reasons why you should consider using an agent if you are selling land in the DeLand area.
Selling Land is Not Always Easy
One would think selling a piece of land should not be as complicated as selling a home, right? Well, here’s the thing, sometimes it is. While you do not need to go through all the inspections that go along with selling a home, Florida land buyers often have other concerns, including whether the land is located in wetlands or is subject to conversation easements or mineral rights.
For example, selling land that has a water feature like a pond, lake, spring, or stream could make your land extremely attractive to some buyers. However, if your property is located in wetlands, like near a swamp or marsh, it could also make your property more difficult to sell. It could limit the use of the land and an experienced Florida real estate agent will know how to best market your land to potential buyers. If your land is subject to conservation concerns or has separate mineral and surface rights, your real estate agent can help you navigate those issues when selling your land.
Sometimes land transactions go badly because sellers make mistakes. Steps are skipped, or they unwittingly forget to fully disclose important facts to the buyer. Having a realtor sell your land helps prevent future legal troubles that could be financially devastating if you sell on your own. Most people who do not sell property on a continual basis do not carry errors and omissions insurance to protect themselves if a transaction goes sour. However, real estate agents are covered under this insurance, which serves as a backup if mistakes are made while selling a property.
Realtors Know How to Market to the Right Audience
When selling land, you want to make sure that you are reaching the right audience with your marketing. If your land is zoned for residential, you want to target developers or buyers that want to build a home. If your land is zoned for commercial use only, you need to market to developers who focus on commercial properties or buyers that are specifically looking for land for commercial use.
Marketing a piece of property takes time, and it also takes money. Not everyone is a natural salesperson. When a seller lists their property with a real estate agent, this burden is lifted. You do not have to go through the hassles of fielding phone calls at all hours of the day or waiting for people who do not show.
The agent will handle the marketing and potential buyers. This also includes the time it takes and the costs to do so, and without out-of-pocket costs to the seller until the land sells and the agent receives the commission for the sale.
A real estate agent does all the marketing and sales legwork for you by:
- Obtaining professional photos or drone video for your listing
- Putting your listing up on major real estate websites
- Listing your property on your local MLS
- Helping you choose the right sales price based on market comparisons and demand in your area
- Placing signage to advertise the land that is for sale
- Fielding inquiries about the property
- Conducting tours of the property to prospective buyers
In essence, your real estate agent becomes your invaluable “boots on the ground” when selling your land.
What to Look for When Hiring an Agent to Sell Your Land
The key to having a successful experience selling your land is finding the right real estate agent. You should also not hesitate to ask questions while interviewing a prospective agent. After all, you are in the driver’s seat and want to make sure that you are partnering with someone that will be effective at getting you the best price for your land.
There are certain traits you should look for, including:
- How responsive the agent is
- How much experience the agent has with selling land
- How knowledgeable they are about the DeLand/Volusia County area
Do not be afraid to ask for proof from potential agents of their track records with selling properties. If something seems sketchy, trust your gut, and look for another agent.
Trusted and Experienced in DeLand & Volusia County
If you are selling land in DeLand or Volusia County, Palmetto Realty is an experienced real estate brokerage you can trust. We will assist you at every stage of the process to help make selling your land as easy as possible. Contact us today to learn more about the services we provide.