There are many reasons why you would want to sell your property, and you have different options for selling. You could use a traditional estate agent, you could try to sell your property by owner, or you could sell your property to a County Durham investor.
5 Things You Should Know About Selling Land To a County Durham Investor
Understanding the Buyer
Professional land buyers in County Durham, County Durham 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 pounds in savings.
The usual commission can be 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.
No Preparation Necessary
Professional land buyers in County Durham 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 County Durham, County Durham, you will not have to worry about going through a rollercoaster 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 neighbourhood.
Under most traditional property 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 County Durham investor is very different than if you were selling a commercial or residential property, mainly because there is no building. Land is a very simple property to deal with. Most County Durham 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 Homes North East .