Selling a home vs selling a lot
Are you planning to sell your land in Warrenton VA? If you are, it is time to stock up on patience and skill.
Selling a home is challenging. Selling a vacant lot is even more challenging.
Unlike a home where you can showcase features and amenities, selling a land means showcasing very limited features, unless your Warrenton VA land for sale happen to have a special feature like a pond, a lake, or a stream that runs through the property.
Must-knows before listing your property
Before you list your property, here are some things you need to know before selling your property.
1. Hire a reputable real estate agent. All real estate agent can sell properties, but not all are competent to sell land. Technically, real estate agents can sell any property, however, if you happen to hire someone inexperienced and without the right specialty, you could be losing thousands of dollars.
That’s why it is important to find the right real estate agent. Don’t just go for the first one you met or the first recommendation you’ve been given.
Do your homework and find out the top real estate agents that specialize in land selling. Talk to them, ask them questions. Make sure to find the agent who has your best interest in mind.
Someone who has lived in the area for many years and has a foundation in sales like me, Allison Jensen. You want a smooth sailing real estate experience. Hiring the right person increases the chance of a great transaction.
2. Prep the land. You can’t sell what you can’t show, so make sure to clear up the way to that property so buyers can take a good look at it. It is also important to clear the lot area.
It is easier to imagine the potential of the area when it is cleared from bushes and trash that could be lying about. A cleared area also makes for better pictures that you can post online.
3. Get your documents in order. The moment you decide to sell your land in Warrenton VA is the moment you start gathering all the important information and documents regarding the property.
Do this so you can be ready when a potential buyer comes in and asks questions. This will also help to check if there are any issues like an unpaid tax that you have to clear out before selling.
4. Get a grip on your emotions. Property selling can be difficult if the land has a special emotional attachment to you or your loved ones. If this is your situation, remove any personal attachment to the property the moment you list it. Consider it a business transaction.
Transition your thoughts from “my land” to “a land you need to sell”. Getting emotionally attached to the property can present a challenge especially when you start receiving offers.
5. Price it right. One of the most important things you can do before you sell the land is to set the right price. The land’s price is one of the key factors that will determine whether you’ll sell the property successfully or not. Setting a too high price will scare your buyers off.
How do you set the right price? This is where having a local real estate agent can help you.
Your real estate agent will prepare a list of comparables to help you better understand how to set the price. He or she will also look into many things like how your lot parcel was zoned, the topography of the lot, location, accessibility, water availability, and more. He or she will be check for any deed restrictions that may lower the value of the land.
Having a skilled and experienced real estate agent will really help you set the right price for your land for sale in Warrenton VA.
Thinking of selling your land in the next few months? Call me, Allison Jensen, at (703)200-3120. I can appraise your land for free and you are under no obligation to list the property with me. Find out how much your property is worth without spending anything.
