Why should I sell my vacant land to Land for Freedom?
At Land for Freedom, we are a direct buyer of vacant land. We are not realtors nor brokers so can move quickly to purchase your land without any hassles or complications. Real estate often involves many people working on a deal, from the realtor to the title company, and other agencies and services in between. We cover all of the costs involved in making the deal happen and we handle all of the associated steps and paperwork needed to complete the purchase. We make this process stress-free for you and we will get you your money at closing as soon as possible.
Why shouldn’t I sell my vacant land through a realtor?
Many real estate agents don’t commit much of their time or resources towards selling land, as it can be more difficult to sell, and commissions are typically lower. You will have to sign a contract, binding you to them for a certain amount of time. You will owe them their commission no matter how the property is sold, even if you find the buyer yourself. In addition to the broker’s commission, there may be other fees that may be owed by you.
Why shouldn’t I sell my vacant land on my own?
The market for raw land is limited and it can often take months or years to sell a land property on your own. Finding bank financing for land is difficult, which means you’ll typically have to find cash buyers for your property. Without spending money on advertising, this is challenging. Many land properties are marketed with owner financing years, and only receive a small amount each month.When selling land on your own, you may need to pay listing fees, advertising costs, photography costs to create a property listing, broker commissions, title and abstracting fees, escrow fees, deed and document prep fees, recording fees and transfer taxes.
What happens after I send in the purchase agreement?
Upon receiving the signed purchase agreement from you, we work quickly to complete the transaction and send the cash to you.
First we conduct further research on the property to determine if it meets our requirements for access, marketability and other criteria. Next we will contact you to confirm that we should move forward with buying your land. From there, as needed, we will engage with title companies and other parties necessary to complete the purchase and we will update you with our progress.
How soon will I receive the cash amount for my land?
Our goal is to quickly close on the sale of your property to us in as little as 10 days. For some deals, we will need to go at the speed of the title company and it may take them about 30 days to finish the transaction. In either case, we will get you the cash amount listed on the purchase agreement as soon as possible.
What if I owe back taxes or dues?
Any back taxes or dues will be negotiated as part of our offer prior to reaching an agreement. In the case that money is owed in back taxes or dues, those amounts can be deducted from the final closing price. We will handle getting the taxes and fees paid so that you will not need to spend any of your own money to sell your land to us.
What if the title for my land isn't clear?
We perform a check for any title issues prior to completing the transaction. If the title issues are solvable then we will work with you to address them. Depending on the state and county where the land is located and the circumstances involved, it may be possible to quiet the title, file probate, or explore other creative options to clear the title.
What if there is abandoned property or other debris left on the land?
Unless the land has an environmental hazard on it, we quite often can move forward and deal with any leftover “junk”.