Selling land for cash in California can be a more efficient process than traditional real estate sales as it does not require the same time-consuming procedures that accompany home purchases such as scheduling and facilitating home inspections, conducting a title search, and securing mortgage financing. Vacant land is an appealing investment for potential buyers due to its pristine natural setting and its high property tax value. In addition to avoiding lengthy escrow and closing processes, selling to a we buy land company can help sellers avoid paying real estate commissions to brokers.
The process of sell land for cash in California typically begins with the owner listing the property on the MLS, buying advertisements and seeking interested parties to tour the land. Once an offer is made, the seller can either accept or reject the offer and then negotiate terms with the buyer. The sale can be completed with the signing of a purchase and sale agreement. Once a buyer is found, the land can be purchased by a reputable and licensed we buy land company and closed on in an expedited manner so that the seller can quickly get the money they need for their next investment.
Aside from a lack of existing structures, other factors that could delay the sale of land include the presence of liens or unpaid taxes as well as restrictions imposed by zoning regulations. Considering these issues, sellers should always conduct a title search and resolve any outstanding liens before placing the property on the market. Additionally, sellers should be mindful of disclosure laws as failure to comply with these regulations may lead to costly legal repercussions.
When selling land, a seller’s most important goal is to secure a deal with a qualified buyer willing and able to pay the prevailing market price for their property. In order to accomplish this, it is vital to research the market trends and comparable land sales in a given region before setting an asking price. It is also helpful to clean up the property to showcase its best features and make it as appealing as possible for potential buyers.
Kern County, CA
Located in northern central California, this county has one of the slowest markets for selling land. It takes an average of 178 days to sell a vacant lot here. This is primarily due to the fact that it can be more difficult for buyers to organize bank loans for land purchases than they would for residential homes. This is especially true for properties that are more remote and less populated.
Using an all-cash purchase strategy can help land sellers close deals more efficiently and effectively than working with traditional retail buyers. It can also help them avoid the cumbersome lending delays, property improvements or lingering for higher price bubble scenarios across volatile real estate cycles. Bypassing the traditional retail sales channel and exposing untouched acreage to localized investor networks can yield lucrative paydays on legacy family parcels from the Sierra foothills to pristine Big Sur.