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We all know that today’s real estate housing market fluctuates on a consistent basis. From general economic health to FED interest hikes, external factors can force the housing climate to change overnight. While residential homes typically sell quickly because there’s always a need, vacant land properties can remain stagnant during harsh real estate markets. During the worst climates, high inventory and low demand can drive down property prices and make land difficult to sell. For landowners, this means paying for a property’s upkeep and estate taxes for much longer than planned. No matter how many marketing techniques and price drops you employ, you can find yourself without an interested legitimate buyer for months. Thankfully, you can always sell land to cash buyers.
There are many reasons why sellers finally decide to sell their vacant land or dilapidated homes. Some sellers no longer need undeveloped land and cannot pay for the monthly maintenance. Others would rather cash out of the property than be stuck paying property taxes indefinitely. After 2008’s financial crisis, land values dropped significantly and are just now recovering to pre-recession prices. Instead of waiting for another economic bubble to burst, many landowners are seeking unorthodox ways to sell their property as quickly as possible.
Instead of hiring real estate agents to sell their land after months on market, landowners are contacting local cash buyers to assist in their sale. Why? Because even during the worst economic conditions, there is a plethora of cash buyers willing to purchase unwanted properties. Unlike other property buyers, cash buyers are invested in securing lots needing maximum work to make larger profits. They have first hand expertise dealing with homes needing major repairs, communicating with motivated sellers, and offering hassle free selling solutions to less experienced landowners.
When some hesitant landowners hear companies spew, “we buy land for cash” or read banners proclaiming, “we buy vacant land”, they assume it’s some kind of scam to tie up the property or provide below market offers. However, most cash buyers are legitimate real estate professionals that want to invest in undesirable homes and lots. When you choose to sell land to cash buyers, you’re choosing the simplest and speediest sale possible.
The process for selling land to cash buyers is relatively simple, especially when compared to the more traditional method of hiring a real estate agent. While many decide to market their vacant land using online resources and the aid of a realtor, knowing how to sell land to cash buyers will ensure a speedy home sale without any of the complications.
If you’re considering on selling your vacant land in the Greater Philadelphia area, you should first research reputable cash buyers in the area. Check for legitimate reviews, referrals, and references. Spend an hour scouring cash buyer sites, and gather contact information for the most promising cash buyer candidates. Try to pick a company that guarantees quality customer service and assistance with documents. The best cash buyer companies not only have expertise about the area, they have a friendly staff of professionals to provide exemplary customer service.
Once you decide on the right company for you and your property, you can begin the process for selling land to cash buyers in the Greater Philadelphia area. The first step is to contact the company. Many cash buyers have helpful websites with simple online contact forms to connect with a representative. They also offer a number to call if you prefer a phone conversation detailing your specific land selling situation. For sellers unable to make phone calls, most cash buyers provide working email addresses they check throughout the day. No matter what method you use to contact a cash buyer, make sure to include the property address and a brief description. This information will be used later to generate a fair cash offer.
The next step to selling your land to cash buyers is receiving a cash offer. Yes, it’s that simple. Once contacted, cash buyers will gather any relevant information about your property, check the neighborhood, comparables, and nearby amenities, and factor in the current market conditions and projected construction costs. After compiling all that data, interested cash buyers will put together a cash offer based on the detailed research. These offers are sent relatively quickly, sometimes within an hour of initial contact.
Once you receive the cash offer, it’s up to you to accept or decline. If declined, many cash buyers will reevaluate their bid and present another one; some will be unable to negotiate and present their best offers first. If you accept the cash offer, you then decide when to close. Unlike working with traditional land buyers, cash buyers have the financial means to close immediately. They ask sellers for a date to close at the seller’s earliest convenience. After all purchase agreements are signed, the cash is transferred directly to your bank account. No more waiting months for an inquiry about your land; with cash buyers, you can sell your land and receive funds within a week.
Selling land to cash buyers in the Greater Philadelphia area has never been easier. With a reputable cash buyer company, sellers are guaranteed hassle free transactions, fair cash offers, and speedy sales. Some cash buyers even pay all closing costs to make the selling process that much simpler.
The most reputable cash buyers in the area make selling land a breeze. They do all the necessary research upfront, create all the necessary paperwork, and present it to sellers with no strings attached. A cash buyer’s primary focus is serving a seller’s immediate cash needs while exhibiting impeccable customer service. It’s not just about ensuring a sale; it’s about creating connections with landowners in need.
Selling to cash buyers means getting fast cash for your land, handling minimal paperwork during closing, avoiding closing costs and unpaid property taxes, and working with a strong team of real estate professionals that know and love the Greater Philadelphia area. If that sounds like a deal to you, sell land to cash buyers today.
You found the right people! At JJSS Enterprises. We’re serious land buyers who work in the Greater Philadelphia area and surrounding areas. No matter what condition your land is, we’ll take a look at it and give you a no obligations cash offer. We specialize in closing quickly, so if you need your land gone you found the right people!
If you have any questions about your land, or want to know more about the cash buying process, give us a call! We’re always happy to answer any questions. Call us today at (609) 460-3433, or visit our website.