The decision to sell property is an important matter with potentially long-term financial implications. Land is a valuable asset. As a property owner, you should be fully informed of the options, benefits and risks inherent in every transaction.
At first glance, selling rural property may seem like a simple affair. Put up a sign at the property, run a newspaper ad, wait for the right buyer to call, collect the money, and sign over the deed.
However, there are a wide variety of pitfalls into which an unsuspecting seller can tumble. Here are some "points to ponder" as you think about selling your land. We'd be glad to discuss how we can help you avoid these pitfalls.
"If I sell my land myself, won't I save the amount of the Realtor's commission?"
Not necessarily. Besides the fact that someone - either you or the Realtor - has to do all the work outlined in the steps above - think about this:
Most people who respond to a "For Sale By Owner" offer expect to buy at a lower price. If you sell your property for less than its market value or forfeit money through ignorance or mistakes, you could lose far more than the commission you're trying to save.
Think carefully about the time, skill and money involved. When you're ready to sell your land to provide for your future, consider the advantages of having a professional, experienced Realtor do the job for you. It's probably the most important decision you'll make once you've decided to sell.
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