Do you own remote land in Texas? While keeping land in your portfolio can be a smart move if it’s not generating any income or you no longer have a use for the property, the decision to sell it may be in your best interest. Many people simply become tired of paying taxes and other expenses on a piece of dirt that isn’t doing anything for them. If you think it may be time to cash in and reinvest that money elsewhere. Here’s how to sell remote land in Texas in order to receive the best possible results.
Find Right Buyers
Selling remote land in Texas is much different from selling a house or commercial property. Without any structure built on the property, your buyer pool becomes much smaller as fewer people are out there actively looking for land. If trying to attract an interested Texas land buyer, you’ll need to market to this niche of land buyers specifically. You don’t want to be searching where most people are only interested in houses because selling a move-in ready house has a much broader appeal than selling a piece of dirt and you can get lost in the noise.
If you opt to work with an agent to help you sell your remote land in Texas, ensure that they are a land specialist who will correctly know how to best market your property, getting it in front of the right buyers at the right time. You may require a special listing on land-specific websites which can come at a cost. They should also help you prepare the land so it is shown at its best. Consider having a survey performed, with the property boundaries clearly marked. It’s usually fairly easy to determine where the boundaries are with a single-family house but on a piece of land, finding the actual boundary can be a lot more difficult. This way anyone who is potentially interested in your land will know exactly what they are getting. It also makes it easy for anyone interested to see what highlights are included and what belongs to a neighboring property.
Understand the Zoning Laws
Do you know the zoning laws for your remote land in Texas? When trying to sell your property, it’s a good idea to understand what can and can’t be done with it. Before attempting to sell your remote land in Texas, ask yourself…
–Are there any local building restrictions?
–How is the land zoned? Can this zoning be changed?
–Is it economical to develop the land?
–Does the lot have water and electrical hook-ups or is it raw land? Bringing in water and electrical can be very expensive.
–How large is the property and does it require special access? Size and access points will be critical to the buyer.
Landowners in Texas can also apply for exceptions or zoning changes. So even if the land isn’t zoned how your buyer would like, the dream isn’t over. It can be changed, but this will come at a cost. Before selling your remote land in Texas, you need to understand what can be done with it. While it is ultimately up to the buyer to do their homework, understanding a property’s potential will help you become better prepared to sell. Sell My San Antonio House is happy to help you learn more about the zoning laws for your property. Reach out to us to learn more about what we offer.
Skip the MLS Altogether
While the MLS can be a great place to sell a house, it isn’t always the right place to list your remote land in Texas. Working with a Texas real estate agent can be expensive, but selling your remote land directly won’t cost you a dime when working with the right buyer. This will leave more money left over from your land sale for you to take with you. When you hire a real estate agent in Texas to help you sell your land, you may be faced with commissions, closing costs, marketing expenses, listing fees, clean-up costs, and more. Plus, many agents are more focused on single-family homes and commercial listings and they are not experienced in selling land. By selling to a direct buyer, you’ll be able to avoid all of the costs and wasted time. Keep in mind, that not all buyers are the same. Make sure you are working with someone who is experienced and reputable such as Sell My San Antonio House.
Compare Your Options
There are many ways that you can sell remote land in Texas. Get out your calculator and run the costs for yourself. While an agent can encourage you to list for a higher price, that doesn’t mean you’ll find a qualified buyer who is willing to pay. Many agents will encourage you to list too high and this can drive buyers away, especially in today’s competitive market. Plus, you will be faced with marketing fees, holding costs, and agent commissions. By avoiding the MLS and selling the land on your own, you can potentially save time and money on the deal. When selling any piece of real estate, take the time to compare all of your options so that you can choose the one that will help you meet your goals with the least amount of headache.
How Sell My San Antonio House Can Help You Sell Your Remote Land in the San Antonio Area
Ready to sell your remote land in Texas? Sell My San Antonio House specializes in land throughout the Texas. Reach out to our team to learn more about the current market for land in the area, and to get an offer from our team. We are happy to answer any questions you have about selling land in Texas. Give us a call today to learn more! (210) 201-6644