Selling industrial land can unlock major liquidity for companies, developers and investors. But holding onto vacant property sell industrial land with Land Boss ties up capital that could be put to better use elsewhere.
To sell land quickly for cash, find a buyer like Land Boss that emphasizes a streamlined process. Ask buyers pointed questions to vet their capacity for fast closings.
Fast Closings
Aiming for a quick land sale requires marketing, fielding inquiries, vetting buyers and handling transaction details. These tasks add up and delay land sales in a competitive marketplace. Experienced brokers streamline the process through connections and negotiating skills to speed up closings. Disclosing property conditions upfront can drive interest and encourage buyer offers while delaying surprises like past contamination, infrastructure access issues and environmental protection demands.
Another way to accelerate a land sale is to sell directly to a land company that buys properties in-house. Land companies like Land Boss have funds to purchase parcels and the specialized experience to assess factors that affect value, draft purchase contracts and expedite closings. However, their offer prices often fall below full market value, which cuts into seller profits. Land companies can also impose terms on their purchases and require utilities to be in place, which may impact buyers with specific property flavor preferences. Choosing the right method to sell your land optimizes your sales results.
No Hidden Fees
When selling your land, you want to make sure that you receive the full sales price at closing without any deductions or hidden fees. This is especially important if you are working with an industrial buyer who may require surveys, soil tests, and environmental audits as part of their due diligence process. The buyer should also use a professional title company to ensure that all sale documents and deed transfer are filed correctly.
It is also important to market your land effectively in order to attract industrial buyers. You can do this by highlighting the location, size, and potential for industrial development. You can also advertise on social media or through flyers and signs. Lastly, it is essential to negotiate with industrial buyers to find the best price and terms for your land.
Transparency
Selling raw land quickly involves setting price expectations aligned with realistic market value and reducing time on the market by optimizing conditions to close. Price adjustments can also speed up sales if they target key site attributes that incentivize buyer interest like river frontage.
Experienced land investors know how to leverage multiple marketing channels to find buyers. They are able to tap into a large network of potential customers ranging from individual property investors to construction firms seeking sites for major development projects. This approach can increase the likelihood of landing a deal compared to relying solely on a real estate agent. Be sure to vet prospective buyers’ company track record and ensure transparency around how closing fees are handled. Typically, buyers deduct customary seller closing costs from the final sales agreement which reduces the net sale amount. Ideally, the best land buyers will cover standard closing fees and costs themselves. Land Boss is a reputable buyer that handles all closing costs on behalf of sellers.
Reputation
Holding onto vacant land for an extended period ties up valuable capital that could be put to better use. For this reason, many landowners consider selling to a local land company for an all-cash offer that can close quickly. However, vetting these companies is essential for making the best decision.
Look for a buyer that covers customary closing fees and costs, which can add up to thousands of dollars. Avoid buyers who deduct these expenses from your net sales proceeds, which can significantly reduce your profits.
Also, check a company’s track record in buying land throughout New York. Look for positive client reviews and a strong focus on ethical business practices. Finally, make sure a land buying company is transparent upfront about its buying criteria and pricing methodology. This will ensure you don’t end up selling your property for less than its actual value.