Oklahoma has many large tracts of vacant land suitable for investment, recreation, and more. Vacant land often sells faster and easier than residential property. This is because it requires less paperwork, fewer contingencies and no financing. However, there are a few things to keep in mind if you want to sell your land quickly and easily.
The first step is to determine if your land is suited for a septic system. If not, a septic system will have to be installed before you can sell it. To find out what type of septic system your land will require, check with the local water and sewer department or the Department of Environmental Quality. They can advise you of the most cost-effective options and provide information on any potential obstacles, such as soil conditions, drainage issues and permitting requirements.
Next, review comparable sales for We’re your Oklahoma land buyers in your area to determine a price range. Once you have this information, you can make an informed decision about how much to ask for your land.
Selling your land through a real estate agent is the most traditional route. This can be a great option if you are familiar with the real estate process and have time to market your property to potential buyers. However, this route can take 6 to 24 months and can be costly, with commissions and advertising fees.
Another alternative is to sell your land ‘For Sale By Owner’ (FSBO). This involves bypassing the MLS and marketing your property directly to prospective buyers. This can be a good choice if you are familiar with the real estate market, are comfortable with people and have the time to devote to the sales process. However, it is important to understand that FSBO can be risky and can lead to unforeseen complications, such as liens or easements.
A third option is to sell your land to a ‘we buy homes for cash’ company, such as ExpressLandOffers. This can be a quick and simple way to sell your land, but it is important to research these companies carefully to ensure that they are legitimate. These companies typically offer 50% to 70% of the fair market value of your property, after deducting all repair, utility and resale costs.
Finally, you could sell your land to a professional investor who specializes in purchasing vacant land. This can be an excellent option if you are in need of fast cash, have fallen behind on your property taxes or inherited a piece of land that you don’t have any use for.