If you have land you are looking to sell you are probably wondering how you can find a buyer. You are off to a good start by doing the preliminary online research to figure out how to sell your land in the IL. For example:
- You might encounter land buyers who want the land because they intend to build a house for themselves.
- You might find land buyers who are looking for recreational land where they can enjoy hunting and fishing on the weekends.
- You might meet land buyers who want to buy the property and hold it until a future point when it can be developed.
- You might talk to land buyers who want to buy the property so they can develop it and subdivide it right away and sell off smaller parcels to builders.
Figure out what your land is good for, including what it is zoned for by the city or state (if applicable), and use that to help you find the right land buyers in IL for your property.
Tip #2. Skip the agent; sell directly to land buyers in IL
A real estate agent may try to list your land for you but the reality is, land doesn’t sell the same way that a developed lot sells, and most agents focus on land that already has a house on it. Sometimes, land owners find that their land sits for a long time because the agent doesn’t sell it. If an agent hasn’t been able to sell your land, or if you’d prefer not to wait for an agent to try and sell your land, you can sell your land directly to land buyers in IL (like us at Blue Ladder Development).
Tip #3. Take good pictures of your land
Land buyers in IL may not always be able to travel to your land to view it in person but they will want to see what it looks like and what opportunities exist. So take many great pictures of the land, including pictures facing in each direction as well as pictures of the neighboring land. If there is development nearby, such as a growing urban area or even just a new road being built, take pictures of that so the buyer knows.
Tip #4. Consider accepting seller financing
This is a great way to create a stream of cash flow from vacant land you have that is actually costing you money in property taxes every year. Be open to accepting a creative purchase offer and in most cases you’ll have a much easier time finding a buyer.