NOW Is A Great Time To Sell Your Land

If you own some land, you might be curious when is the best time to sell it.  You may have inherited the land, bought it a while ago and now want to sell, or would like to do something else with the money that is tied up in your land.  How can you determine when is the best time to sell land?  Here are a couple of things to consider when deciding when is the best time to sell. 

One key factor for maximizing your sale is the time of year.  The weather, when your tax bill for the land is due, and how easy or hard it is to access your land at different times throughout the year may all play a role into when is a good time to sell.  While you can sell your land at any time of year, you will have the most buyers at a time that is convenient for them to see the land. 

From a broader standpoint, where we are real estate market cycle is also a key factor.  The price of real estate (including land) goes up and down similar to the way the stock market cycles, or how the price of other expensive investments such as gold and silver go up and down.

Based on these considerations, we think RIGHT NOW is a great time to sell your land!  Here’s why.

Top of the Real Estate Market?

Real estate in general, and land specifically, has been going up in price dramatically for several years in most locations.  While no one as a crystal ball to read the future, most agree that we are overdue for a correction in the real estate market.  A correction means that values will begin to go down, and we are starting to see that occur.

For a while now we have been in a “seller’s market,” making it easier for sellers to sell their land.  As we hit the top of the market and begin to come down, it will become easier for the buyer to buy and harder for the seller to sell.  If your object is to maximize your profit when selling, aim to sell at or near the top of the market (which appears to be about right now).  As the market goes down you will be able to get less for your land.

Tax Bills Are Due

Whether or not you are using your land, every county charges property tax on each parcel of land.  In most areas, fall is when these tax bills are sent out to property owners to pay.  Have you received yours yet?  With a house, most folks pay a little bit each month towards property taxes, and they don’t feel the pinch of actually having to write a check separately for these taxes. 

However, most vacant land owners simply have to pay the property taxes all at once as a separate bill.  If you don’t use the land, want the land, or even find it difficult to think about the land currently, this can be a hard bill to pay yearly.  If you find paying this bill difficult, we can help by paying this year’s property tax for you as part of the sale of your land.  Don’t pay your property taxes another year if you’d like to sell instead! 

It’s the Holiday Season

Finally, we are coming into the holiday season.  It seems that most everyone has higher bills in this part of the year.  Gifts for loved ones, extra travel, and the expense of taking time off work add up quickly.  And most folks feel the need to take a vacation to relax at the same time as these expenses begin to rise. 

If you have been sitting on some land that you aren’t using, it can be a great time of year to sell and have that extra cash in your pocket to help with the season.   We can close very quickly in some cases, so that you have some breathing room in your holiday season.  Take some time off, pamper your loved ones, go some place fun…do you have something you’ve been wanting for yourself?  Maybe it’s the perfect time to make that happen. 

There Is Almost Never a Bad Time to Sell

We do think that right now happens to be an excellent time to sell!  But what happens if you want to sell and you just can’t make it happen right now?  While you may decide to sell at a less opportune time than now, please know that we are always available to assist you with the sale of your land regardless of season, timing, or condition of the land.  In fact, we can often smooth out the land selling path to overcome the normal obstacles to selling.  Having only one, flexible, cash purchaser ready to buy your land at any time of year without having to pay realtor fees or junk fees makes it easy to sell your land anytime. 

But if you have been considering selling for a while, now might be the perfect chance to pull the trigger!

Let us hear from you.  How can we serve you today? To receive an offer on your land or ask questions about our selling process please contact us. 

How to Choose A Trustworthy Land Buyer

Buying and selling land (or a house) used to be an extremely local activity.  If you needed to move to an area, you would go there physically to check out land, and a local real estate agent would drive you around town until you found a place you liked.  And if you wanted to sell, the same agent might help you sell your land or home as well.  But the birth of the internet and easy-to-search websites like Zillow have made it very easy to buy and sell from afar. 

Now consumers have OPTIONS.  They can sell with the help of a realtor.  They can list and sell on their own.  And there are folks (like us) who specialize in buying LAND ONLY.  If you live in a great area that many people are moving to, you might have received an offer from a land-buying company like ours.  If you are really lucky, you might have received more than one offer to buy your land!  How can a wise customer know if the company they are dealing with is legitimate?  And how can they decide from afar who to do business with?  Keep reading to find out.

Not all offers on your land are created equal! 

If you have received some interest in your land from someone that you don’t know, choosing the best company or person to buy your land may seem overwhelming. 

Here are some points to keep in mind when
selecting which company or person to sell your land to. 

  • Do you know who you are dealing with?  A buyer isn’t required to have a website, but if the person or company offering to buy your land DOES have a website, be sure to check it out.  Is their contact information on the website such an address or phone number?  If you are dealing with a company, can you tell who is running the company? 

    If the person offering to buy your land does not have a website, you could ask for other ways to show they are “in business,” such as social media profiles, a referral from a title company or attorney they use, or a referral from a past customer.  Even a quick Google search with the company name or personal name can put your mind at ease about who you will be selling to.
  • Is the person or company offering to buy your land experienced in doing so?   Being new to the land buying industry isn’t a crime, but if the company is claiming to make the land-selling process easy, then hopefully they have the experience to make that happen.

  • Is the offer price that has been made on your land too good to be true?  Maybe even above what you know makes sense?  If the offer is too good to be true, it probably is. It could indicate a situation where the land buyer is not able to fulfill their bargain. 
     
  • How long will it take to complete your land-selling transaction?  If you have received an offer on your land, be sure to check the dates on the sales agreement.  Is it really far out or very soon?  Neither is bad, just be sure you know how much time it will take to complete the transaction.  If you prefer or NEED a quick sale, you may need to state that fact to the land buyer. 

  • Is there an actual dollar amount on the letter you have received, or is it just a letter of interest?  Having a dollar amount on your letter will help you save time in the end.   

  • Can you easily get in contact with the buyer, and are they easy to talk to?  Or are they hard to pin down by email or by phone?  Do they put you at ease?  It will be easier to complete a transaction with someone who is easy to work with and who knows how to communicate well.  On the other hand, it might be extremely stressful to complete a transaction with someone who doesn’t know how to pick up a phone, or can’t properly communicate with you about the steps required to complete the sale.   

Selling your land to a land-buying company should be an easy process if you find the right buyer!  And there are so many tools available now to help connect buyers and sellers.  Make sure that you have connected with a trustworthy, reliable, easy-to-work with buyer to optimize your selling experience.

Of course, we hope to make your land selling experience easy, fast, and professional! If you are ready to sell your land with us, let us know. Or read more about our Process here.

How To Sell Your Land In 4 Easy Steps

We previously discussed on this blog some examples of why someone would need to sell their land quickly.  Whether it’s because you bought the land then changed your mind, inherited it and no longer wish to own the land, need to get one more “thing” off your plate, or have an urgent need for cash, selling land to a land investing company can offer a quick and painless solution to an otherwise difficult-to-deal-with issue. 

Maybe you’ve never heard what land investing companies do to help land owners solve their land problems.   You may be okay with selling your land with the help of a realtor and paying the associated fees for those services, or maybe you want to take on the work and time involved in selling the property yourself.

But we would like to suggest to you an easier, less labor-intensive way to sell your land than by yourself or without hiring a realtor.  We would love the opportunity to purchase your land in only a few quick steps. 

Step 1: Contact Us with Details About Your Land

You can click on this button to fill out a short form to tell us what you know about the land.  Or you can call us to discuss the selling of your land if that is easier.  We’ll ask you a few questions about the land you would like to sell.  Usually we ask questions like:

  • What can you tell me about the land?
  • How did you get it?
  • What does the land look like?
  • Are there any utilities or improvements on the land?

This helps us get a good idea about the land and if we would be able to purchase it.   

Step 2: We Will Make You An Offer

Next, we will write up a written document to purchase the property.  This simple document may be very different from other real estate contracts you have seen.  Why?  For starters it is only one page long.  It’s also written in easy-to-understand English!  We try to avoid complicated legal language as much as possible, and highlight the important parts for you to pay attention to.  If anything is confusing to you, we are happy to answer any questions you have.  We want you to be completely comfortable with the process of selling your land. 

Step 3: Sign Offer

After you’ve read the document, you’ll sign it and return it to us by email or by regular mail.  Now you can relax! 

Step 4: Cash Your Check!

We take over everything from here.  We will do all the necessary work to make sure that your sale is completed legally and quickly.  Depending on the property, we can get a check to you as quickly as 7 days, but a typical sale takes a few weeks to complete.  We will update you periodically so that you know where you are in the closing process and what comes next.  At the very end you’ll have a couple of forms to sign to transfer the ownership of the property, then the sale is complete, and you will have a check in your hands! 

What could you do with thousands of extra dollars and one less headache to worry about?  Could you pay the bills in a lean month, buy something special for the kids or your spouse, or take a much-needed vacation?  Maybe you just need time away from work to spend with your loved ones without the worry of money.

These things are possible with the easy sale of your land. 
We would be honored to help you get there.

What Is A Cash Buyer And Why Is That Important?

Let’s face it – real estate is expensive!  Buying both land and houses requires a sizeable amount of money.  And the majority of us don’t have many thousands of dollars sitting around to buy some.   Banks and other lending institutions often step in to close the gap. They allow buyers to buy real estate without paying so much cash up front.  When banks loan a buyer money, they allow the transaction to move forward.  The seller of the real estate gets their money in cash from the bank, and the buyer will make monthly payments to the bank in order to pay back the loan. 

When buying and selling land specifically there’s a big problem with using a bank loan to pay for the sale:


Most banks won’t lend money to buy land. 


While there are a few exceptions, few lending institutions will lend based on the value of the land alone.  So if you want to sell your land, you’ll need to either sell the land on payments or find a cash buyer.  There are pros and cons of each. 

Selling Your Land On Payments

If you have time to wait for the money to come in over time, you can sell your land with a payment plan.  You will collect pre-determined monthly payments for the land until the total amount of the sale is paid.  This is a good option for someone who can wait for the total amount to come in, or if you know the buyer and just want to help them afford the land over time. 



The downside of selling land on payments is that a lot of times a buyer never makes it to the end of the payment plan successfully.  If they run short on cash, you can bet they would rather eat, make a car payment, or pay the rent more than they would like to make a payment on vacant land. 

A lot of buyers never make it to those last payments. 

Even if they do make the payments, you may spend your energy every month in the form of calls, emails, or visits getting the buyer to make their monthly payments.

 

If you are selling your land on payments to a close friend or family member, you probably have a good idea of how a payment plan might work for both of you.  But if you are selling your land to someone you don’t know, it is harder to make sure you are selling to someone who will reliably make monthly payments until the purchase is paid off.  You can run the buyer’s credit or do a background check to help increase the odds of getting a buyer that will be a good fit for a payment plan.  While it does cost some money to do these things (especially if you have to do it for more than one potential buyer), it might be worth it to find the right buyer.       

Selling Your Land For Cash



In most cases, a land seller is far better off skipping the hassles of dealing with a buyer who wants to buy with a payment plan.  If you can find a buyer that has a way to give you the entire amount of the sale at one time, it simplifies the amount of time and energy you have to put into the sale as well.  You won’t have to worry that the buyer will eventually stop making payments.  And you won’t have to worry about chasing them down in the event that they do.  Plus you will have a large sum of cash going in to your account at one time when the sale closes. 

How To Find A Cash Buyer

Cash buyers can be difficult to find.  Not a lot of people have enough cash free to buy land.  If you have someone in your network of friends and family that has cash, it can be easiest to sell your land to them.  Your network of friends and family may know others that can buy in cash as well.  You can advertise your property for sale by owner or hire a realtor to sell your property, but that comes with its own difficulties.  It also takes time and skill to show your property and negotiate a sale. 

As a professional land buying company, Quick Land Solutions is ALWAYS a cash buyer. 

We will always buy your land for cash, paying you in one lump sum at the time of the sale.  You won’t have to deal with receiving payments over time.  You won’t have to pay fees to realtors to help you sell your land, nor will you have to spend your time selling the property on your own. 

Since you already know we want to purchase your land, you won’t have to chase us down to pay you.  We are already working diligently to move the sale forward.  We want the transaction to close as much as you do.  Thanks to our experience, we know how to make land deals move forward fast.  We will work hard to make sure you can get paid as quickly as possible for your land, and all at one time.   

To read more about all the many benefits of selling to us, click here.

If you would like to sell your land for CASH, without dealing with a buyer that wants to make payments, click on the link below.    

How To Sell Land For Cash Quickly

If you read our last blog post, you’ll know that you can sell land with the help of a real estate agent or on your own. But it is also possible to sell your land quickly for cash with a company that invests in land. Quick Land Solutions is one of these companies, and we love buying land!

It doesn’t matter if you have inherited land, if you’ve had it sitting empty for a long time with no plans, or you planned to build and never did. We will buy the land quickly so you can move on.

Selling land to a land buying company is like hitting the “easy button.”

You say “yes,” and we do the rest. In a short time, you’ll have cash!

What Are the Benefits Of Selling To A Land Buying Company?

What are some of the reasons a person would want to sell to a land buying company? There are a lot of reasons a typical real estate transaction can get complicated, and well, that’s just not a lot of fun. We’re here to change that. We have streamlined our process to eliminate as many steps as possible to make the transaction easy and seamless for our sellers.

No clean up or maintenance needed

You won’t have to mow the grass, remove the junk, cut the underbrush, mow the grass again, tear down the old mobile home, clean up the trash, mow the grass AGAIN, put a “for sale” sign up….We are fine to take your land just as it is. Skip all this work when you sell with us!

No appointments for showings or endless discussions with agents

You won’t have to meet with or talk with real estate agents to coordinate the sale of your land. You won’t have to put that “sales pitch” face on to meet with potential buyers yourself (or worse yet, “tire kickers”) over and over, either. You already have a qualified buyer ready to purchase!

No dealing with lenders or banks

We don’t have to wait till the bank or lender says it’s ok to buy your land. We are cash buyers, so we aren’t relying on anyone’s approval to buy. As a result, the selling process goes much quicker, and that means money in your pocket quicker.

No appraisals

We won’t have to wait for an appraisal of the value of your land to purchase it, either. We do our own appraisals in house at no cost to you. Again, it means less people in between you and the cash you are waiting for.

No agents, no appraisers, no lenders, no banks…are you sensing the theme here? Less is more!

Quick closing

Because there are less people and steps involved when selling your land to a land investor, the whole process goes much more quickly. We can move right to the closing process to buy your land. If you need cash quickly, selling to a land buying company is a good option.

Cash buyer

We are cash buyers! We don’t need a bank or lender to help us buy land. We don’t try to pay you for your land in monthly payments, either. You’ll get ALL of your cash in one payment at the closing of the transaction.

Money in your bank!

Close when it’s convenient for you

You will be able to pick a day that is convenient to finish the transaction. There are only a handful of documents you’ll need to sign. Do it at your pace and your convenience. It’s a very low-pressure way to get through what might otherwise be a stressful event.

Best of all, we don’t charge a penny for our services!

You can skip paying the realtor fee, document fees, appraisal fees, title company fees, attorney fees, bank fees, etc. We pay ALL of the closing costs so you can get all the money you expect at time of closing.

As you can see, we strive to make the process of selling your land as easy as possible. We want you to feel comfortable at every step of the process. Our process is transparent, quick, and easy.

If you would like to get a no-obligation quote for how much we can pay for your land, click on the link below.

How To Sell Your Property Without a Realtor

You have a parcel of raw land that you no longer want.  Maybe you have inherited the land.  Maybe you bought it a long time ago with big plans to move there.  Or maybe you were going to build a vacation home there and now you can’t.  For whatever reason, life has changed and now you have a piece of land that is costing you money every year in taxes and possibly upkeep.  And you’ve decided that you no longer want this burden. 

If you find yourself wanting to sell your vacant land quickly, there are a couple of different options.  You can sell the property with the help of a realtor.  Realtors are real estate professionals that help people sell houses and land.  They charge a fee for their services (up to 10% of the sale price for land!), but if they do a good job, they can be worth it.  They will know where and to whom to advertise and market your land so that you can hopefully get a top-dollar sale.  A good agent knows buyers in your area, and so they can sometimes make the whole process take less time.  They manage showings and play the go-between so you don’t have to deal with sellers.

Unfortunately, a good real estate agent is hard to find for land.  Most agents specialize in houses.  Most agents aren’t interested in selling land, because they don’t get paid enough money to make it worth their time.  And many agents don’t love land or know land buyers in their area.  In the end, you could be paying a high percentage of your sales price to someone that isn’t really able to get you top-dollar for your property. 

If you decide that you want to try to sell the land yourself, you can save that agent fee, and put the money in your pocket instead.   

Listed below is an outline of the steps you will need to take to sell your property yourself.

  1. Prepare Your Land For Sale

If you want to get the highest price for your land, it will be necessary to make it shine.  Clean up any debris or trash that takes away from the beauty of the land.  Remove old cars, tires, or other objects.  Then determine if any landscaping needs to be done.  If it needs to be mowed or bush-hogged, get that taken care of before your showings start.  The more maintenance you do now, the nicer the property will be for your potential buyers.

2. Determine A Fair Price

You will need to do some research to determine how much to list the land for.  Websites such as Zillow.com, Realtor.com, and LandWatch.com can show you how much similar land in your area is selling for. 

This kind of research takes time and should not be rushed.  In some cases, there may not be many sales to compare your land to, and that makes coming up with a fair price somewhat difficult.  But you do need to have some basis for the sales price.  It’s not a good idea to price your land based on the value that a relative gave you, or based on what you hear it is worth.  Having another similar property to match your price to will be the best way to come up with a price for your land that helps you sell it quickest and for the most amount of money.  “Similar property” in this case means that the other property needs to be roughly the same size, have the same amenities or features, and the same distance to town.  This step could be the most difficult and most crucial step to selling your land solo. 

3. Market Your Land

The next step involves creating ads and marketing materials that will help sell your land.  This can mean lots of different things depending on the situation, but at the very least, you will need to write an ad that highlights why buyers should buy your land.  In reality, it usually takes many different kinds of ads written to appeal to different kinds of buyers to get the property sold.  You will need to be able to write a compelling story with just a few words about how great your land is. 

Secondly, you will need to get great photos of your land.  This does not mean shooting one picture of the land out of the car window with your cell phone.  That will not earn you the best price!  It does mean getting quality photos of your land that will draw buyers in and want to know more.  You won’t need a degree in photography, but learning how to take good photographs to sell land for top-dollar is important.  Alternatively, you can hire a photographer locally to take photos for you.  If you go this route, be sure the photographer is qualified before giving them the job.  Ask to see other land photos they have taken, and check references to make sure they won’t take your money and deliver a poor-quality product. 

Next, you will need to package together the right words with the right photos to tell the full story of your land. If you decide to post your ads in more than one place (and you should!), consider what kind of audience that website or place caters to before deciding on what kind of ad to place there. 

Lastly, it is helpful to put together a marketing document that you can put into a buyer’s hands or that you can email to them.  This document should contain pertinent details about the property, your beautiful professional photographs, directions to the property, and information on how to contact you.  This will help your land stand out when someone spends a day out looking at multiple properties.  It also helps cut down on questions buyers might have for you. 

4. Find Buyers

It is finally to time go find a buyer for your property!  Take those awesome ads and post them.  Where might you find buyers for land?  This varies by location, but possibilities include Zillow, Facebook Marketplace, Craigslist, local buy/sell groups, Landwatch.com, and any other group that is active in your community. Some of these options are free and others charge a fee to list.

Don’t overlook old-school methods like paying for an ad in the local paper or putting a sign up at the local supermarket or barber if those places are active hubs in your community.  And if you can, don’t forget to put a sign in the front of the property, too.  The bigger the better.

5. Field Buyer Questions 

Once you have your ads published or posted, hopefully you get some calls or emails regarding your land.  You’ll have to field questions about the property while also feeling out the callers to see who might be truly interested in buying your land. 

Unfortunately, you will probably get a lot of calls or emails from people who are just interested in talking about the lot (or anything else you can imagine!), and they aren’t really serious about buying land.  You’ll also get your fair share of calls from people who are just dreaming of buying land or are just getting a feel for the area.  Either way, these folks aren’t ready to buy just yet. Be prepared to spend time engaging with potential buyers during this time.

6. Complete Buyer Showings 

After you’ve fielded all the questions, it’s time to show off your land.  Schedule a time to meet the buyer and be prepared to do your best selling.  Remember, you are trying to highlight your property’s best features, so play up the positive.  Always make sure to answer questions honestly, even if it isn’t to your advantage.  No one wants to feel like you have lied to them about a multi-thousand-dollar purchase.  Try to make the buyer’s experience on your land the best part of their day!  Bonus tip: be sure to confirm your appointments before driving to the property to show it!  People have a way of forgetting such appointments. 

7. Negotiate Your Deal

Once you’ve got a buyer interested in your lot, be prepared for a bit of back-and-forth negotiating.  Try your best to get the price you have offered the property for, but it’s not uncommon to come down at least a bit on price if a buyer feels strongly about it.  Account for this when you price your land in the first place.  If you are good at reading people this will be your chance to shine, as you will be better at knowing how much to push back on a counter offer without the buyer walking away.  If reading people is not your strength, you might find that negotiating is the most challenging part of the whole selling process. 

You might vary your response to an offer based on how many people have shown interest in your property.  If folks are lining up to see your land, then it’s possible you can demand full price for the property.  But if the buyer you are talking to is the only one who has shown interest in buying your land at all, you may want to consider taking a lower price.  After all, your time costs money, too. 

8. Writing the Contract

After agreeing on a final sales price, you’ll need to draw up some kind of agreement on paper to formalize the deal.  It can be as simple as writing it all up on a piece of paper in plain English, but a formal Purchase Agreement contract is best as it protects your interests better.  A Purchase Agreement or contract document spells out the specifics of what land is being sold, to whom, for how much, and any other important information about the sale. 

9. Hire A Closing Agent

The next step is to find a reputable title agency or attorney to complete the sale for you.  These professionals will turn your contract into an actual legal sale.  It costs money to hire a title agency or attorney to finish your deal, but it’s well worth it to make sure the sale is done correctly and legally.  A title agent or attorney will make sure that all the proper paperwork is completed and signed, and will send the signed paperwork to the county to list your land in the new owner’s name.  Regardless of whether you sell your land through a real estate agent or not, expect this process to take a couple of weeks. 

10. Finalize The Deal

After the sale is closed, you’ll work with your title company or attorney to finally get the money that has been paid for your land.  You can get it wired right into your bank account (usually for a fee), or they can send you a check.  Congratulations!  You have sold your land. 

Not For Everyone

Using a Real Estate Agent to sell your land is not for everyone.  But neither is selling your land by yourself.  If you decide to sell your land yourself, be prepared to substitute a substantial amount of your time to save those fees.  It can pay off, though, if you can stick to it long enough to get to the end of the sale. 

For other people, neither option (using an agent or selling solo) sounds great, because ultimately selling land isn’t always cheap or easy.  That’s when a land-buying company like Quick Land Solutions might be a good fit.  We try to make the selling process easy and simple. Selling to us will ensure that you don’t have to pay a lot of fees or use up a lot of your time. 

If you would like to receive a no-obligation offer on your property, please click below.

We Wanted To Build, Now We’ve Changed Our Mind

Life moves fast!  Sometimes you make plans and then things change.

I’ve talked with lots of people who have bought a vacant lot with big plans to build, but have changed their minds.  Some bought their lot a long time ago with plans to build their dream home or retirement home.  Now they have grand kids in another state and just don’t want to be there.  Some just bought their property last year, but now they have come across something they like even better.   

Other times life situations have changed.  Jobs move to another state or end unexpectedly.  Couples divorce.  An unexpected health crisis throws everything upside down.  A loved one passes away.  A global pandemic changes your lifestyle…

And now as a land owner you find yourself asking, “What will I do with my vacant land now?”

The common problem these land owners share is they have their money all tied up in this property they will no longer use.   And the longer they have this piece of land they don’t want, the longer they have to delay getting what they do want

It takes time to find a good real estate agent for land.  And usually even longer to sell a property by yourself.   That’s if you have the time, money, and energy to do so. 

One option that property owners in this situation have is to sell their land to a land company.  A company like Quick Land Solutions offers a one-stop shop for dealing with land that once held promise and now has become a burden.  With one phone call you can set into motion a process that helps you easily and quickly sell that land and move on to the next part of your life.  You won’t have to pay any fees, deal with agents and sellers, or do anything to your land to sell it to us.  We buy land for cash and we buy land quickly.

Has your life changed?  Do you have land that has become a burden?  Do you need to sell vacant land fast?  Click here to begin the process of moving on by selling your land.    Or give us a call at 888-371-5554. We’d love to hear from you!

What Do I Do With Land I Have Inherited?

The passing of a loved one is a sad thing.  And dealing with all the belongings of a loved one can seem overwhelming.  If you have inherited real estate, including vacant land or lots, you will need to familiarize yourself with the laws in your state to know how to handle each asset. 

For Those Whose Spouse Has Passed Away

Some states have laws that say any property bought by one spouse during marriage is automatically owned by both spouses.  And other states say that only the spouse who purchased the property owns the property.  You must know the rules in your state to understand what happens to land when a spouse passes away.

The deed, which is the piece of paper that says who owns a property, is important as well.  How the names are written on this important document matters.  The deed may list you as the remaining owner of a property in case your spouse dies.  Or it may be written such that another person can inherit the property instead of you on your spouse’s passing. 

Inheriting Land From a Parent

You may think that as a child of a parent who has passed away that you automatically inherit anything your parents had.  But this is not always true.  

Property may be passed to others outside the family in a will, a document that your parents wrote to say what happens to their belongings when they die.

If there is no will, you may inherit the property outright, or only inherit a partial interest in the property. It is even possible that you won’t inherit the property at all.

For Others That Have Inherited Land

You may have been told by a family member or friend that you will one day inherit land or other property from them.  Even if you have been told this, it does not always mean that this person wrote this in their will.  If it is not written in a will then it may not come to pass at all. 

In All Cases

In all cases, you do not legally own inherited land until the county where the land is located has recorded YOU as the owner.  This means that the first step in being able to control what happens with this land is to make sure that you are listed as the owner on the property’s deed.  Once you are listed as the owner, you can decide whether you want to keep the property or sell it. 

How Do I Get My Name On The Deed? 

Your loved one’s estate must be settled either by a will or by a process called probate, to determine how belongings are divided.  An estate attorney or probate attorney can handle these things. 

They charge a fee for their services, but it is well worth it to get assets into the hands of the heirs in a legal way and in the least amount of time. 

A Note On Taxes

Unfortunately, the death of a loved one does not stop the tax man from coming.  Until your loved one’s estate is properly settled, someone will have to pay property taxes for the land.  These taxes are due once a year.  If not paid, the county could potentially take the land to pay for the taxes. 

Another tax issue to consider is inheritance tax, sometimes also called the death tax.  When your loved one’s estate is settled, the government may request some money back before the assets can be passed down. 

It is very important for you to talk with a tax professional or accountant about these issues so that they don’t catch you off guard.  Your estate attorney can also provide some guidance on this issue.  A good tax professional or attorney will cost some money, but it is worth it to make sure things are handled legally and with minimum costs to you in the long run.

My Name Is On The Deed.  Now What?

Once your name is listed on the deed for a property, you are entitled to do with it what you please.  You could leave it vacant and as-is, build a home on it, or sell it.  Some people who have inherited land want to keep vacant land as an investment.  Others are eager to sell it and move on. 

If you would like to sell you inherited land, a Land Buying company like Quick Land Solutions can provide a low-stress selling solution designed to make selling your land easy.  If you would like to get a no-pressure quote on how much your land make you, click HERE

Why Sell Your Land To a Land Company

If you have land that you no longer want, it can be a little difficult to figure out how to sell it.  There are three basic ways you can sell vacant land.  You can sell it yourself, sell it with the help of a realtor, or sell it to a land buying company.  There are benefits and drawbacks to each method of selling land.  The easiest and quickest way to sell raw, undeveloped land or real estate is to sell with a land buying company like Quick Land Solutions. 

How Selling To A Land Company Land Company Makes Things Easier

Land Buying companies are used to buying real estate.  The have systems in place to help make the process of selling your vacant land fast and easy.  They have gone through the process of buying land many times and know who to partner with in order to buy your land without it being a hassle for you. 

Land companies are cash buyers, too.  You won’t have to wait very long to get the cash for your land.  You won’t have to wait for payments to come in over a number of months, and you won’t have to deal with a banks, appraisers, or surveyors.  You will get the money for the sale of your land when you sign the papers to sell it. 

If you decide to sell with a realtor, you have to pay that person for their services.  That’s fair enough as this is their business, and they have to eat, too.  But some realtors won’t even take on selling land because they don’t think it is worth their time. 

A realtor selling a house is usually paid 3% of the price you sell your real estate for.  But did you know that those agents who list land often charge more for land than houses?  They may take up to 10% of your land selling profits to cover their services!  And on top of that, the buyer may ask you to pay for their closing costs, which can run into the thousands of dollars.  No one wants to give away that much hard-earned cash. 

When selling your land to a land buying company like Quick Land Solutions, there are NO fees, and we pay ALL of the closing costs.  Keep more of your money in your pocket! 

If you decide to sell your land yourself, you can save the realtor fees, but you also have to do the work yourself.  You will have to deal with maintaining or improving the land in order to sell it for top dollar.  You will have to deal with buyer’s phone calls or emails.  And you will also have to schedule showings and meet people to see your land for sale.  These tasks definitely takes time and energy, especially when many “buyers” turn out to just be tire kickers, or those that don’t really end up wanting to buy your land. 

You won’t have to deal with any of that when selling to a land buying company.   Go straight from wanting to sell your raw land, without any maintenance and improvements, to getting your money, and skip all the hard work in between. 

Land Buying Companies usually love land, too.  These professionals like all the things about your land that you probably do.  If you enjoyed fishing at the pond on your land, they probably like this about your land as well.  They are used to looking at land and appreciate the large trees, great views, or whatever feature your land has.   It’s always nice to know that your land will go to someone who appreciates it. 

Do you want to quickly and easily sell your land?  Get a quote for your land here today!