Playing the waiting game is no fun! It’s especially frustrating when you have your land listed for sale and you’re waiting on the “right buyer”. Sometimes, all it takes is for you to make your property the “right property” for a wider range of buyers. Here are a few tips to make your rural/farm land more attractive to buyers:
Do Your Research
Take a look at your surrounding area and check to see if any properties have been bought or sold recently. This can help you get a sense of what the market is like in your area. If your neighbors with a similar property to yours took 6 months to find a buyer, know that the possibility of waiting 6 months is very real. That doesn’t mean that with the right marketing and the right agent, you can’t sell yours quicker though!
Re-evaluate Your Rural/Farm Lands Asking Price
If you haven’t had your farm land appraised already, you should look into doing that. An appraisal will give you a more accurate picture of what your property’s fair market value is. If you try to list your property for too much over the fair market value, it could be sitting forever. Even if you do find someone who agrees to your price, if they have to finance and their appraiser values the property at fair market value, then they will either have to pony up the cash to cover the difference, renegotiate the deal with you, or back out of the deal completely and you’ll be back to square 1!
Make Sure You Are Marketing Correctly
Are you doing everything in your power and using all the tools and resources you can to find a buyer? If you’re selling your property on your own, you might be missing out on some opportunities to market your property! A good real estate professional can help in many ways and marketing your property for you is well worth the commission for most landowners. With a good agent, you’ll get access to their full network of buyers in addition to their knowledge of the local market and the best ways to increase the chances of selling your property in a timely manner.
It takes the right combination of research, price evaluation, and creativity to sell your property in a timely manner and for the right price. The Recreational and Farm Land Professionals at Base Camp Country Real Estate are experts in marketing properties using our one of a kind resources to find you the right buyer at the best possible price for your property! To get find a licensed professional in your area, please click here