Do you own land in Dallas or the surrounding areas and looking at selling your land fast? While keeping land in your retirement portfolio is usally a smart move, if it’s not generating any income, then sometimes it can turn into more of a money pit. Frankly, you’re probably tired of paying taxes on a piece of dirt that isn’t doing anything for you. It may be time to cash in and reinvest that money elsewhere. Here’s how to sell your land fast in Dallas in order to receive the best possible results.
Before we get into it, let’s talk about the location of your land. The location has a lot to do with its value because it comes down more to a supply and demand issue. If you’re piece of land is surrounded by lots of other vacant land, then it’s value isn’t going to be as strong since there is an abundance of it giving buyers many options to choose from. However, if your land is one of the last pieces of land available within a certain area, that means buyers don’t have as many options available and the value of that land will reflect the scaricity. Ok let’s get into it!
Look for the Right Buyers
Selling land fast in Dallas is much different from selling a house or commercial property. Without any structure built on the property, your buyer pool becomes much smaller as fewer people are out there actively looking for land. If trying to attract an interested buyer, you’ll need to market to this niche of land buyers specifically because most buyers out there are wanting something with a house already built on it so they can move in quickly.
If you opt to work with an agent to help you sell your land fast in Dallas, ensure that they are a land specialist who will correctly know how to best market your property, getting it in front of the right buyers at the right time. There are a variety of factors that play into marketing land and what brings more value to it. It’s not as simple as looking at the comparable sales in the are to see what other pieces of land sold for.
You also may require a special listing on land-specific websites which can come at a small cost. But an expert agent should be able to help you prepare the land so it is shown at its best. Talk to your agent first, but you might consider having a survey performed, with the property boundaries clearly marked. This way anyone who is potentially interested in your land will know exactly what they are getting as well as what they are looking at. Sometiems without a survey, it’s hard for the buyers to fisualize what are the boundry lines of the property that’s for sale vs what could potentially be the neighbors.
Understand the Zoning Laws
Do you know the zoning laws for your land in Dallas? When trying to sell your land fast, it’s a good idea to understand what can and can’t be done with it. Before attempting to sell your land in Dallas, ask yourself…
- Are there any local building restrictions?
- How is the land zoned?
- Is it economical to develop the land?
- Does the lot have water and electrical hook-ups or is it raw land?
- How large is the property and does it require special access?
Landowners in Dallas can also apply for exceptions or zoning changes. So even if the land isn’t zoned how your buyer would like, the dream isn’t over. It can be potentially be changed. Before selling your land fast in Dallas, you need to understand what can be done with it. While it is ultimately up to the buyer to do their homework, understanding a property’s potential will help you become better prepared to sell as well as being better prepared of it’s true value. North Texas Cash For Homes is happy to help you learn more about the zoning laws for your property. Reach out to us to learn more about what we offer.
Skip the MLS Altogether
While the MLS can be a great place to sell a house, it isn’t always the right place to sell your land fast in Dallas. Working with a Dallas real estate agent can be expensive, but selling your land fast directly won’t cost you a dime in agency fees when working with the right buyer. When you hire a real estate agent in Dallas to help you sell your land, you may be faced with commissions, closing costs, marketing expenses, listing fees, clean-up costs, and more.
By selling to a direct buyer, you’ll be able to avoid all of the costs and wasted time. Keep in mind, that not all buyers are the same. Make sure you are working with someone who is experienced and reputable such as North Texas Cash For Homes. We do just as much work as a real estate agent does when it comes to determining a value on your land. We always want to make sure we offer the best possible offer we can.
Compare Your Options
There are many ways that you can sell land fast in Dallas. Get out your calculator and run the costs for yourself. While an agent can encourage you to list for a higher price, that doesn’t mean you’ll find a qualified buyer who is willing to pay. Plus, you will be faced with marketing fees, holding costs, and agent commissions. By avoiding the MLS and selling the land on your own, you can potentially save time and money on the deal. When selling any piece of real estate, take the time to compare all of your options so that you can choose the one that will help you meet your goals.
How North Texas Cash For Homes Can Help You Sell Your Land Fast in the Dallas Area
Ready to sell your land fast in Dallas? North Texas Cash For Homes specializes in land throughout the Texas. Reach out to our team to learn more about the current market for land in the area, and to get an offer from our team. We are happy to answer any questions you have about selling land in the Dallas area. Give us a call today to learn more! 214-761-3150