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How To Get The Best Price For Land

Author: Robert Smith
by Robert Smith
Posted: Nov 21, 2014
down market

Land is one of the best investment purchases that any savvy investor can choose to partake in. Just like the housing market however, the prices for land can fluctuate drastically, often from month for month. This can go one of two ways-- Either the land will leave you sitting on a nice little nest egg, or the entire bottom can drop out of the market.

When landowners find themselves in the position of having to sell land in a down market, it can be a very bitter pill to swallow. There are a wide variety of reasons why a down market sale might occur, but the most common are financial reasons, to satisfy divorce settlements, and an unexpected death in the family.

No matter what the reasons are for wanting to sell and get cash for land, whether the real estate land market is booming or falling through the roof, there are four main considerations that affect the price and they dramatically impact the land value. These are:

  • Availability of Utilities
  • Location of the Land ( Rural or City )
  • Land Use Restrictions and Zoning
  • Demographics

The price to ask for the land that you are selling is often difficult to determine. How does the land look visually? How much time, money, and effort is going to be required to clear it? These things matter when setting the price. Is the land is basically swampland better suited to gators and snakes than human inhabitants, the land could be listed for next to nothing and it may still remain up for sale for years since it will cost a pretty penny to bring in enough fill to ensure that any buildings placed on the land do not sink into the ground. On the other hand, if the land is excellent quality and only a very minimal amount of clearing will have to be done to prepare for construction; fairly priced land will tend to sell quite quickly.

With the world's population growing by leaps and bounds every year, there is always a demand for land to build a wide variety of buildings, from housing and leisure buildings, to factories and industrial complexes. Getting cash for land has a good potential outcome for many landowners. After all, you do not have to accept any offer if you feel it is just not in the ballpark of what you feel the land is worth, and it is possible for you to hold onto it indefinitely.

You can choose to sell the land as "For Sale By Owner" or one can employ the services of a real estate agent, for example, EasyLandSell. For people who do not want to bother with all of the little details, a real estate agent may be the best option since they take care of all of the promotional and advertising processes, and bring offers to you for consideration as they arise.

Getting cash for land is really a simple process as long as there are buyers for property. And with buildings literally going up by the minute around the world, yours should be easy to sell to a developer or private individual.

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Author: Robert Smith
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Robert Smith

Member since: Mar 26, 2014
Published articles: 313

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