Help! I Need to Sell My Land in Maine Quickly

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Help! I Need to Sell My Land in Maine Quickly
By

Bart Waldon

You're standing on your plot of land in Maine, surrounded by towering pines and the crisp scent of forest air. It's beautiful, no doubt, but you've just realized you need to sell it - and fast. Maybe you've got a job offer in another state, or perhaps some unexpected bills have cropped up. Whatever the reason, you're now faced with the challenge of selling your piece of the Pine Tree State in a hurry.

Now, before we dive into the nitty-gritty of quick land sales, let's take a moment to appreciate just how unique Maine's landscape is. Did you know that nearly 90% of Maine is covered in forests? It's true! According to the Maine Forest Service, that's a whole lot of trees. And here's another interesting tidbit: a recent report from the U.S. Forest Service found that private individuals own about a third of Maine's forestland, while corporate entities hold onto about 59%. If you're curious, you can find more details in their "Forests of Maine, 2018" report.

But enough with the forest facts - you're here because you need to sell, and sell quickly. So let's roll up our sleeves and get into it.

The Maine Land Market: It's Complicated

Selling land in Maine isn't quite like selling a house. It's a whole different ball game. The land market can be as unpredictable as Maine weather in spring. One day it's hot, the next it's cold, and sometimes it feels like it's doing both at once.

Coastal properties or land near popular spots like Acadia National Park? They often sell like hot lobster rolls on a summer day. But if you've got a chunk of undeveloped land way up in Aroostook County? Well, that might take a bit more effort to move.

And here's the kicker: figuring out how much your land is worth can be trickier than navigating a boat through coastal fog. Unlike houses, where you can compare similar properties on the same street, land values can vary wildly based on all sorts of factors. Is it near a town? Does it have road access? Could someone build on it? All these questions (and more) can affect your land's value.

Pricing Your Plot: The Art of the Possible

So, how do you figure out what your land is worth? Here's a quick rundown:

  1. Location, location, location: Is your land a stone's throw from Bar Harbor or deep in the North Maine Woods? This makes a big difference.
  2. Size and shape: A nice, flat 10-acre plot might be worth more than a rocky 20-acre parcel.
  3. What can you do with it?: Zoning laws matter. Land where you can build a house is often worth more than land restricted to forestry use.
  4. Can you get there from here?: Mainers know this saying well. Easy access can boost your land's value.
  5. What are the neighbors up to?: Recent sales of similar land nearby can give you a ballpark figure.

Now, you could hire a professional appraiser, but if time's a-ticking, that might not be practical. Instead, try chatting with a local real estate agent who knows land sales. They can often give you a good idea of what your land might fetch in today's market.

Strategies for Selling Your Land in a Jiffy

Alright, let's get down to brass tacks. How can you sell your Maine land faster:

1. Get Online, Get Noticed

These days, if you're not online, you might as well be invisible. Post your land on popular real estate websites, local Facebook groups, and even Craigslist. And don't skimp on the photos! A picture of a beautiful Maine sunset over your land could be worth a thousand words (and maybe a thousand bucks).

2. Team Up with a Pro

A real estate agent who knows Maine land sales can be worth their weight in wild blueberries. They've got connections, know-how, and might just have a buyer in mind already.

3. Consider an Auction

It might sound drastic, but land auctions can be a quick way to sell, especially if your land is unique or valuable. There are several reputable auction houses in Maine that specialize in land sales.

4. Know Your Audience

Got forested land perfect for hunting? Target hunting groups. Fertile soil good for farming? Reach out to local agricultural communities. Thinking outside the box can help you find the right buyer faster.

5. Offer a Deal They Can't Refuse

If you're in a position to offer owner financing, it could attract buyers who might struggle to get a traditional land loan. It's not for everyone, but it could speed up your sale.

6. Sell to a Land Investment Company

Companies like Land Boss specialize in buying land quickly. They might offer less than market value, but they can often close deals in weeks rather than months or years. It's all about weighing your priorities.

Sprucing Up Your Land (Without Breaking the Bank)

Even if you're in a rush, a little effort can go a long way in making your land more appealing:

  1. Clear a path: Make sure potential buyers can actually see what they're buying.
  2. Clean up: A little less litter can make your land look a lot better.
  3. Mark your territory: Clearly marked boundaries can prevent confusion and disputes.
  4. Get your ducks in a row: Have all your paperwork ready to go. It'll make the sale process smoother.

The Home Stretch: Closing the Deal

Once you've got a buyer on the hook, it's time to reel them in. Be responsive to their questions, have your paperwork ready, and be open to reasonable negotiations. And make sure you understand Maine's laws about land sales - you don't want any last-minute surprises.

The Reality Check

Here's the truth, plain and simple: selling land fast isn't easy. On average, it can take anywhere from 1-2 years to sell vacant land. That's just the nature of the beast.

But if time is of the essence, companies like Land Boss can often close deals much faster - sometimes in just a few weeks. The trade-off? You might not get top dollar. These companies buy at a discount because they're taking on the risk and effort of reselling the land later.

Decision Time: Slow and Steady or Quick and Done?

So, you've got two main options:

  1. The traditional route: List your land, market it, negotiate with buyers. It might take a while, but you could get a higher price.
  2. The fast track: Sell to a land investment company. It's quicker and easier, but you'll likely get less money.

Your choice depends on your situation. How quickly do you need the cash? How much time and effort can you put into selling? There's no one-size-fits-all answer.

Final Thoughts

Selling land in Maine quickly is a bit like trying to paddle upstream - it's possible, but it takes some effort and strategy. By leveraging online platforms, working with professionals, considering alternative sales methods, and presenting your land in its best light, you can increase your chances of a speedy sale.

Just remember, companies like Land Boss (with their 5 years of experience and over 100 land transactions) can be a lifesaver if speed is your top priority. They're filling a niche in the market, offering solutions for folks who need to sell land faster than a moose can disappear into the woods.

In the end, the best way to sell your Maine land quickly depends on your specific situation. Consider your options carefully, and don't be afraid to ask for help along the way. With a little luck and the right strategy, you'll be closing that sale before you know it - and maybe even in time to enjoy one last Maine lobster roll before you go.

About The Author

Bart Waldon

Bart, co-founder of Land Boss with wife Dallas Waldon, boasts over half a decade in real estate. With 100+ successful land transactions nationwide, his expertise and hands-on approach solidify Land Boss as a leading player in land investment.

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