If you own a piece of land in Vermont, it may be time to sell. The state is well known for its quaint small towns and maple syrup, and 75% of its land is forest. For many property owners, selling the land they own is the right option to move on to a new chapter in life. Others need to sell their land quickly because of financial circumstances, or because they inherited a property they have no use for. Whatever the reason, there are several ways to sell your land by owner in Vermont.
Selling land carries some unique complexities that can impact the sales process, and successful strategies for a quick sale can include:
Pricing property appropriately – a skill that requires analyzing comparable sales, accounting for sell land by owner in Vermont attributes that add or detract value, and understanding broader market shifts in supply and demand. A quality land appraisal is also critical to maximizing sales price.
Marketing the property – casting a wide net with advertising across local media and online platforms is essential. Successful marketing tactics can include:
Obtaining professional photos and videos of the property can make it more appealing to potential buyers. A professionally produced flyer can be mailed to local real estate agents and to targeted buyers through social media. A custom-made “for sale by owner” sign placed on the property can draw attention from passersby.
Negotiating a fair deal – During negotiations, be prepared to accept low offers. However, a quality offer should:
Be all-cash from an established buyer with market data to support pricing; be free of contingencies; allow reasonable timelines for closing; have sufficient earnest money deposit that covers title search and closing costs; obligate buyer to improvable property ‘as is’; and have minimal inspection requirements.
Closing the sale – Closing a land sale involves finalizing a Purchase and Sale Agreement; securing survey or permit results; having buyer & seller agree on transfer tax forms; verifying legal property descriptions match on documentation; wiring funds safely to facilitate exchange; and officially recording the new deed. Experienced real estate attorneys help navigate this process.
If you’re ready to sell your Vermont land, ExpressLandOffers can help you close the deal in a quick and easy transaction. We have helped hundreds of property owners with their land investments, and we buy properties for cash only. To get started, fill out the simple form on our website.
Then, you’ll receive a no-obligation cash offer within 24 hours. If you’re happy with the offer, we can close escrow on your property in as little as two weeks! Sell your land by owner in Vermont today with the help of ExpressLandOffers! This article originally appeared on the ExpressLandOffers blog. For more articles like this, subscribe to our newsletter. You can also follow us on Facebook. We’d love to hear from you!