5 Things You Should Know About Selling Land to a Philadelphia Investor!

Selling Land to a Philadelphia Investor

There are many reasons you would want to sell your property, and you have different options for selling property. You could use a traditional licensed realtor, try to sell your property for the owner, or sell your property directly to a local Philadelphia home investor.

5 Things You Should Know About Selling Land to a Philadelphia Investor

Understanding the Buyer

In Philadelphia, Pennsylvania, professional land buyers typically close faster than traditional land buyers and usually pay total cash. Standard land purchases usually require qualifications from banks, mortgage underwriting time, and property inspection time, and the buyer may not qualify. There are usually 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 will have to pay $12,000 in commissions alone! Professional land buyers also may not charge transaction fees; if they do, they are deficient compared to the commission or closing costs you would have to pay otherwise. They also provide mail-away conclusions, which is lovely for out-of-state owners.

No Preparation Necessary

Professional investors in Pennsylvania will usually buy land as-is. As a seller, you do not have to worry about any upkeep before closing or any other additional expenses you were not planning on. Some companies do not require inspections which makes it a genuinely as-is transaction.

Sell With Confidence

When you decide to use a professional land buyer in Philadelphia, Pennsylvania, 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 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 shouldn’t answer anyway.

No-Risk

Selling to a professional land buyer is exceptionally straightforward. They will lay out every step of the process and usually have shortened, specific 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 think the facts were misconstrued. Professional land buyers already know the state of the property, and they are willing to take on that risk when buying vacant land.

Land is Different

Selling vacant land to a Philadelphia investor is different from selling a commercial property, multi-family homes, or single-family residential property mainly because there is no building. The land is a specific property to deal with. Most Philly investors won’t even drive out to the property because all 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 their plans. Land transactions can be as quick as a few days when you sell property directly to Buying Property 215! {5 Things You Should Know About Selling Land to a Philadelphia Investor!}

Call Buying Property 215 today at [215-359-6090] or send us a message to discuss selling your land to a Philadelphia investor. We can review your property, let you know its market value, and get you on your way to selling land fast in Philadelphia!

Benefits of Choosing Buying Property 215:

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