5 Things You Should Know About Selling Land To a Tucson Investor – (It’s amazing and we are the best)
There are many reasons why you would want to sell your property, and you have different options for selling land. You could use a traditional real estate agent, you could try to sell the property by the owner, or you could sell your property to a Tucson investor.
Understanding the Buyer
Professional land buyers in Tucson, AZ typically close faster than traditional land buyers, and usually pay full in cash. Traditional land purchases usually require qualifications from banks, mortgage underwriting time, property inspection 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 3% per side, so if you sell your land for $200,000, you would have to pay $12,000 in commissions alone! Professional land buyers also may not charge transaction fees; if they do, they are extremely low in comparison to the commission or closing costs you would have to pay otherwise. They also provide mail-away closings which is a wonderful thing for out-of-state owners.
No Preparation Necessary
Professional land buyers in AZ will usually purchase lands as-is. As a seller, this means you do not have to worry about any upkeep before closing or any other additional expenses you were not planning on when selling land. There are some companies that do not require inspections which makes it a truly as-is transaction.
Sell With Confidence
When you decide to use a professional land buyer in Tucson, AZ, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your land. You don’t have to worry about driving out to your property for a showing. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway.
Selling to a professional land buyer is extremely straightforward. 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 you didn’t disclose 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.
Land is Different
Selling land to a Tucson investor is very different than if you were selling a commercial, multi-family, or single-family residential property mainly because there is no building. The land is a very simple property to deal with. Most Tucson investors won’t even drive out to the property because all of the information they need is available online. They may or may not have a survey completed to verify the property lines, and they will most likely prefer that no improvements have been made, such as fences or sheds. These properties are perfect for investors because they can build the property to fit whatever plans they have. Land transactions can be as quick as a few days when you sell directly to RAB Property Solutions!