How to Sell Land by Owner in New Hampshire?

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How to Sell Land by Owner in New Hampshire?
By

Bart Waldon

Ever thought about selling that patch of New Hampshire land you've been holding onto? Maybe it's a wooded lot up in the White Mountains, or a slice of rolling hills in the Lakes Region. Whatever and wherever it is, selling land in the Granite State can be a bit of a wild ride – but don't worry, we've got your back.

First things first, let's talk numbers. Did you know that over half of New Hampshire – about 5.7 million acres – is considered "current use" land? That's according to the state's Department of Revenue Administration. And here's a fun fact: the New Hampshire Farm Bureau Federation says farmland values have been creeping up by about 3.5% each year for the past decade. Not too shabby, right?

But before you start dreaming of dollar signs, let's get real. Selling land isn't like selling your old truck on Craigslist. It takes time, patience, and a whole lot of know-how. So, grab a cup of coffee (or maybe some New Hampshire maple syrup), and let's dive into the nitty-gritty of selling your land by owner in the Granite State.

The Lay of the Land: Understanding New Hampshire's Market

Alright, first things first. New Hampshire isn't just one big, uniform chunk of real estate. We've got everything from seaside spots to mountain peaks, and trust me, location matters. A lot.

Think about it – an acre near bustling Manchester or Nashua isn't going to fetch the same price as an acre out in the boonies. And it's not just about city vs. country. Factors like nearby amenities, road access, and even the view can make a big difference.

Here's the kicker, though: the land market can be as unpredictable as New England weather. Unlike houses, where you can look at the neighbor's recent sale and get a pretty good idea of your home's value, land is trickier to pin down. So, brace yourself for a bit of a rollercoaster ride.

Getting Your Ducks in a Row: Prepping Your Land for Sale

Before you stick that "For Sale" sign in the ground, you've got some homework to do. Here's your checklist:

  1. Know Your Land: Walk every inch of your property. Know where the boundaries are, what's growing there, and if there are any quirks (like a stream that floods every spring).
  2. Paperwork, Paperwork, Paperwork: Dig out all those boring but important documents. Deed, survey maps, tax records – the whole shebang. If you've had soil tests or environmental studies done, grab those too.
  3. Clean House (or Land): First impressions matter. If your land looks like a jungle or a junkyard, potential buyers might run for the hills. A little cleanup can go a long way.

The Million Dollar Question: Pricing Your Land

Okay, maybe not a million dollars, but pricing your land right is crucial. Price it too high, and you'll be sitting on it forever. Too low, and you're leaving money on the table. So how do you find that sweet spot?

  1. Play Detective: Look at what similar parcels in your area have sold for recently. But remember, "similar" means more than just size. Consider location, features, and potential uses.
  2. Call in the Pros: Yeah, it'll cost you a few bucks, but getting a professional appraisal can be worth its weight in gold. They know the local market inside and out.
  3. Read the Room: Keep an eye on market trends. Are land prices in your area going up or down? How long are properties sitting on the market? This info can help you set realistic expectations.

Spreading the Word: Marketing Your Slice of New Hampshire

You've prepped your land and settled on a price. Now it's time to let the world know about your little piece of paradise. Here's how to get the word out:

  1. Picture Perfect: They say a picture is worth a thousand words, but when it comes to land, it might be worth thousands of dollars. Get some good, clear photos that show off your land's best features. If you can swing it, drone footage can be a game-changer.
  2. Hit the Web: These days, most buyers start their search online. List your property on sites like Zillow, Trulia, and land-specific sites like LandWatch. Don't forget local New Hampshire real estate websites, too.
  3. Get Social: Facebook, Instagram, LinkedIn – use them all. Share photos, tell the story of your land, and don't be shy about asking friends to spread the word.
  4. Old School Networking: In New Hampshire, sometimes the old ways are the best ways. Chat up folks at your local diner, join a business association, or mention it at your next town meeting. You never know who might be in the market for some land.

Sealing the Deal: Navigating the Sale Process

So, you've got a bite. Someone's interested in your land. Now what? Here's where things can get a bit tricky, but don't sweat it.

  1. Negotiation Nation: Be ready to haggle. Land buyers often expect more back-and-forth than home buyers. They might want to discuss everything from price to perc tests to possible owner financing.
  2. Know the Rules: New Hampshire has its own quirks when it comes to land sales. Make sure you're up to speed on disclosure requirements and transfer tax regulations. When in doubt, chat with a real estate attorney.
  3. Open Book Policy: Be ready for potential buyers to poke around your property. They might want to do surveys, soil tests, or environmental assessments. It's all part of the game.
  4. Crossing the Finish Line: Once you've agreed on terms, work with a title company or attorney to handle the nitty-gritty of closing. They'll make sure all the i's are dotted and t's are crossed.

The Fast Track: Selling to Land Buying Companies

Let's face it – selling land can be a slog. It's not uncommon for a piece of land to sit on the market for a year or two before finding a buyer. If you're looking to sell faster (and with less hassle), you might want to consider selling to a land buying company.

Outfits like Land Boss specialize in buying land directly from owners. They often offer cash deals and can close quickly. Now, full disclosure – these offers are usually below market value. But for some folks, the speed and simplicity make it worth it.

If you go this route, do your homework. Check out the company's track record, understand their offer inside and out, and compare it to what you think you could get on the open market.

And hey, don't let anyone give you grief about "lowball" offers. Companies that buy land at a discount serve a purpose in the market. They provide options for landowners who value a quick, straightforward sale over squeezing out every last dollar.

Final Thoughts

Selling land in New Hampshire isn't for the faint of heart. It takes work, patience, and a healthy dose of Yankee ingenuity. But with the right approach, you can turn that patch of granite, pine, or meadow into cold, hard cash.

Whether you decide to go it alone or work with a land buying company, the key is to make choices that fit your situation. Maybe you've got the time and energy to market your land for top dollar. Or maybe you'd rather take a quick sale and move on to your next adventure.

Either way, you're now armed with the know-how to tackle selling your New Hampshire land like a pro. So get out there and make it happen. Who knows? Your buyer might be just around the corner, ready to fall in love with their own slice of the Granite State.

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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