There are many reasons why you would want to sell your property, and you have different options for selling. You could use a traditional real estate agent, you could try to sell your property by owner, or you could sell your property to a Bloomfield CT investor. Selling land isn’t that easy, but it will be if you find the right buyer.
In this article, we’ll walk you through selling land to a Bloomfield investor just like us. We Buy Houses in Bloomfield Connecticut and we’ve helped homeowners just like you who need to sell a land property. As homebuyers in Bloomfield CT, we can help you have a stress-free sale so you can move on with your life!
5 Things You Should Know About Selling Land To a Bloomfield CT Investor
Understanding the Buyer
Professional land buyers in Bloomfield CT typically close faster than traditional land buyers, and usually pay full in cash. Traditional land purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. There are also normally no commissions paid to a buyer’s or seller’s agent which means thousands of dollars in savings.
The usual commission is 3% per side, so if you sell your land for $200,000, you would have to pay $12,000 in commissions alone! Professional land buyers also may not charge transaction fees; if they do, they are extremely low in comparison to the commission or closing costs you would have to pay otherwise. They also provide mail-away closings which is a wonderful thing for out-of-state owners.
No Preparation Necessary
Professional land buyers in Bloomfield CT will usually purchase lands as-is. As a seller, this means you do not have to worry about any upkeep before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction.
Sell With Confidence
When you decide to use a professional land buyer in Bloomfield CT, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your land. You don’t have to worry about driving out to your property for a showing.
You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway.
Selling to a professional land buyer is extremely straightforward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the land or the neighborhood.
Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional land buyers already know the state of the property, and they are willing to take on that risk.
Land is Different
Selling land to a Bloomfield CT investor is very different than if you were selling a commercial, multi-family, or single-family residential property mainly because there is no building. Land is a very simple property to deal with. Most Bloomfield CT investors won’t even drive out to the property because all of the information they need is available online.
They may or may not have a survey completed to verify the property lines, and they will most likely prefer that no improvements have been made, such as fences or sheds. These properties are perfect for investors because they can build the property to fit whatever plans they have. Land transactions can be as quick as a few days when you sell directly to We Buy Houses In Connecticut!
Sell My House In Bloomfield CT
We are Bloomfield CT home buyers and we also buy land in Bloomfield Connecticut as much as we buy houses. This means that you can sell your land as well as sell your house in CT to us. You can also get a cash offer for your land in just a few days.
We can go over your property and let you know its market value and get you on your way to selling your land fast in Bloomfield CT! We offer cash for houses in Bloomfield CT and we can close on your chosen date.