Selling Land For Cash In Texas
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By
Brylle Roquero
Selling land in Texas will not be easy, especially if you are looking for buyers for raw land. But don’t worry, we are here to help you navigate through the process. We’ll walk you through the steps of finding a buyer as quickly as possible and selling your Texas land for cash. But we have to say as early as now that selling land is not that easy, in Texas alone, selling by yourself as the owner or selling with an agent can take 1,694 days on average. Not entirely the picture you want to see, but we can offer solutions that will make the process much easier.
The Real Estate Market in Texas
Texas is a good destination for people who are looking to relocate and start a new chapter of their lives. The state boasts an affordable cost of living, tax-free income, rich history, and many tourist attractions. Not to mention the delicious and vast cuisine available to both locals and tourists alike.
According to this article from the Texas Real Estate Research Center, even though the demand for land in Texas has noticeably cooled down in 2022 compared to the previous years, there is still a significant shortage of land that drove the price to increase by 24.48 percent to $4,286 per acre statewide.
With all these available data, we can confidently say that there is a market available for selling land in Texas. While it is true that it will take a lot of time to sell your land, the situation is similar for any other place in the United States.
Ways to Sell Your Land in Texas
There are a number of ways that you can sell your land in Texas. We will go through the three most common methods of selling your land which include selling through real estate agents, selling by yourself, or selling it for cash to land companies.
Sell With Real Estate Agents
Selling with real estate agents is one of the most common ways of finding a buyer for your property. However, it is a widely known fact that this is not the most cost-effective way. Most real estate agents will ask for a huge chunk of your sales as a commission in selling your land. Their commissions can usually range from 6% to 10%. If you are selling your land for $50,000, that is $3,000 to $5,000 that will go directly to your real estate agent once the sale is complete.
But, there are also a lot of advantages when it comes to selling your land to real estate agents. One most obvious is that you will no longer have to deal with the paperwork and any form of marketing your land. Your realtor should be able to do this for you and you will just have to wait for them to give you a call when they finally found a potential buyer. But you should remember that even with the help of real estate agents, selling your land in Texas will still take time. The truth of the matter is that the demand for raw land is way lower than the demand for houses. Most people just prefer buying a house that they can immediately move into rather than do all the effort of building a property from the ground up.
FSBO (For Sale by Owner)
The second option that you can take a look at when selling your Texas land for cash is by doing the sale yourself, this process is most commonly known as FSBO or “for sale by owner”. Land or properties that are for sale by the owner means exactly what the term implies – that means that the property is being sold directly by the owner and not through the assistance of any real estate agent.
The obvious advantage of this method is that you as the owner will no longer have to pay for any commission that you will otherwise do if you ask for the services of a realtor. Of course, by doing so, you will have to do all the steps necessary to sell your property, from preparing all the paperwork, doing market research, publishing your listing to different online platforms, negotiating with prospective buyers, and finally doing the sale. Depending on different factors, this process can take anywhere from a few months to a year if you are lucky. But spending 2 years at minimum in selling real estate, especially raw land, is not something extraordinary. That is why you have to prepare yourself if you decided to do the FSBO route.
Sell to Land Companies
The third method in selling real estate is probably one of the easiest, most cost-effective, and fastest for you.
Land companies had been doing business to help landowners like you sell property for cash. What they do is they will buy your property from you directly, albeit slightly lower than the market price and they will do the selling of the land themselves. As mentioned above, the downside is you will have to be prepared to sell your property at a lower amount than you could have expected, but that should be a worthy trade-off when you know that you can have cash in your hands in as fast as a couple of weeks, compared to waiting years if you sell through realtors or FSBO.
Sell Your Texas Land to Land Boss
If you are ready to start the process of selling your Texas land for cash to us here at Land Boss, you can go to this link and fill in all the needed information. We can get back to you with a cash offer in as fast as 7 to 14 days.
No matter where your land is located in Texas, we can be able to accommodate you. As of today, we service all major counties and cities in the state of Texas. This includes:
- Abilene
- Allen
- Amarillo
- Arlington
- Atascocita
- Austin
- Baytown
- Beaumont
- Brownsville
- Bryan
- Carrollton
- College Station
- Comal
- Conroe
- Corpus Christi
- Dallas
- Denton
- Edinburg
- El Paso
- Fort Worth
- Frisco
- Garland
- Grand Prairie
- Houston
- Irving
- Killeen
- Laredo
- League City
- Lewisville
- Longview
- Lubbock
- McAllen
- McKinney
- Mesquite
- Midland
- Mission
- New Braunfels
- Odessa
- Pasadena
- Pearland
- Pharr
- Plano
- Richardson
- Round Rock
- San Angelo
- San Antonio
- Sugar Land
- The Woodlands
- Tyler
- Waco
- Wichita Falls
Selling land can be challenging, and we here at Land Boss are ready to help. Send us a message today and get cash on your property in as fast as seven days with our no-hassle buying process.
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