Steps to Take When Selling Land Without a Realtor

A realtor will help you sell your property by taking care of all the necessary steps needed to find a suitable buyer. You will just need to sign some documents and prepare yourself to pay for commissions once your land is sold. Typically, real estate agent commissions can range from 6 to 10%. Depending on the value of your property, this amount can be a few thousand dollars.

If you are someone who is ready to let go of a certain portion of your proceeds in exchange for ease in selling your property, then this guide is not for you. But if you are the opposite, you might be surprised to learn that you can actually do the sale yourself and not spend a penny on hefty commissions. We’ll go through some steps that you can do in order to sell land without a realtor.

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Why Sell Land Without a Realtor?

As mentioned earlier, the most obvious advantage that you can get when you sell without a realtor is the opportunity to spend zero dollars on commissions. If you’re selling your property for $10,000, that’s going to be $1,000 directly going to your realtor if he or she demands for 10%. Most of the time, selling raw land is going to be challenging so getting a real estate agent is not going to be an assurance that you can find a buyer faster.

The point is, realtors who do not have experience in selling raw real estate will not give you much of an advantage as far as time is concerned. You have to be prepared to wait months, and even years in order for your property to be sold. With that said, it might be more beneficial for you to sell your property on your own.

Thinking about this might be quite daunting for you, especially if you do not have any experience in selling real estate before. But don’t worry, the process is relatively simple and it will surely be a good learning experience for you.

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Display a “For Sale” Sign

Let’s start with the basics: a for sale sign. You can get one for as low as $90, like this classic one. If you want to spend the lowest amount of money possible, you can even use recycled materials and make a sign on your own. Here’s a YouTube video that can teach you how to simply make a for-sale sign for as low as $15. As long as you are resourceful enough, you can be able to make your own for-sale sign without needing to spend much.

So why need a sign? A sign planted on a heavy-traffic road near your property will surely allow all visitors to know that your property is for sale. It’s one of the first steps that you should take when you are selling your property. It will ensure that you will inform the immediate people who have access to your property that it is being offered to the market.

Also, make sure that you include a phone number in the sign so anyone who might be interested can contact you immediately. One more tip, you can actually request a secondary phone number from service providers so you will not have to put your personal information on signs that are available to the public. One service that offers a secondary phone number is Google Voice.

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Post Online

Now let’s take a look at some other ways that you can be able to sell your raw land. This time, we’ll take a look at some online platforms that you can use to publish your land listing. Across all these platforms, the goal is the same: to reach as much audience as possible so you will have a better chance of selling your property. Let’s take a look at some of the most effective platforms that you can use to publish your land.

1. Craigslist - If you think that you can only find sofas and TVs on Craigslist, you are definitely wrong. Many people are posting their real estate for sale on Craigslist, and since the website receives millions of visitors per month, there is sure somebody out there who has a high chance of seeing your listing. What’s good about Craigslist is that you can refine your search per location and category, making looking for a property in a specific area much easier.
2. Facebook Marketplace - Facebook Marketplace is a place for people to find anything that they need, including raw land. More and more people are using the platform to find prospective buyers. The platform is also easy to use and provides a lot of intuitive features making posting your listings a lot easier. You can even post multiple versions of the same ad for a single property to be targeted to nearby cities so you will be able to reach more people.
3. Zillow  - Zillow is a one-stop shop for anyone who needs to look for a real estate property. The platform is usually a top choice for anyone who wants to post their real estate listing online. The site provides an easy-to-use and very well-made website for selling raw land and homes. This is definitely not something that you would want to skip when you are selling your property.

Selling your raw land without a realtor through these sites will be very easy. Most of the time, you no longer need to do a lot of research on tutorials on how to use them. Just head on to the websites, create your account and you can immediately start posting your listing.

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Sell to Land Companies

One sure and easy way for you to sell your vacant land is through land companies.

Land companies, like us here at Land Boss, can be able to give you a cash offer for your property in as fast as a week! The only thing that you have to do is provide us with some information about your raw land and we can start the process and give you an offer as soon as we’re done.

One of the downsides however is that most land companies will buy your property at slightly lower than the market value. This is to still allow us to earn a profit in exchange for taking care of the whole process. Remember that selling a property can take years and that’s something that is not gonna be your problem since we will do all the things needed to sell your property.

If you’re interested to find out how much your land is worth if you’re going to sell it to us, send us all the information and we will be in touch with you.

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Photo by: Yan Krukau