When most people think of New York, they imagine Times Square, the Statue of Liberty, Central Park and a bustling metropolis. However, the Empire State is home to thousands of miles of pristine beaches and mountains, a storied history and substantial amounts of rural land for sale. Many individuals choose to sell their properties for various reasons. Some sell to meet immediate financial needs, while others liquidate property due to changes in lifestyle or family circumstances. The most common reason for selling vacant land is to move closer to a city or town for work or family reasons. Other landowners may sell to avoid the cost of maintaining and paying taxes on an unused property.
Selling vacant land Sell Your Land in New York- Land Boss is a different process than other real estate sales, as the property does not have a house or other structures that can be assessed for value. Because of the unique challenges involved in selling land, it is important to understand your options and work with a professional who has expertise in this area.
Depending on the circumstances, selling your property through an MLS listing or working with a local broker may be the most suitable approach. Both options have advantages and disadvantages, including the level of effort required to market and show the property. The MLS listings have access to a large pool of real estate professionals and potential buyers, and the resulting broader marketing reach increases your chances of finding the right buyer. However, the cost of hiring a real estate agent to list and sell your land can cut into your bottom line, as they typically charge 5-10% of the total sales price.
Other options for selling your property include direct sales to a private buyer or a land buying company. Land companies are companies that specialize in buying and selling land, so they have a deep understanding of the market and how to best appraise and value properties. They also have the resources and networks to make a quick and hassle-free land sale.
Land purchasing companies typically pay a fair cash offer and handle everything from valuation to closing, making them a quick and efficient option for sellers who want to take their unwanted land off their hands. They can close in as little as one or two weeks. Land purchasing companies also have the resources to purchase land at a discount and sell it for a profit, so they can offer you more than a traditional seller would be able to.
Vacant land is a great investment for those who prefer a more rural lifestyle or have a specific use in mind for the property. The state’s rich agricultural history and proximity to major markets offers ample opportunities for farmers to grow crops or raise livestock, while the abundance of lakes, hiking trails and other recreational features provide scenic spaces for outdoor enthusiasts. Many investors buy discounted land to resell later for profit, a strategy known as “flipping” land.