Selling land in North Carolina can be a long process. Real estate pros say it takes 1-2 years on average to sell a bare parcel of land in the Tar Heel State. It can take that long to get the property valuation, marketing, inspections, closing and escrow processes completed. Several factors impact how quickly land in North Carolina will sell, including location, pricing, motivated seller and more. If you want to speed up the process, work with a professional.
Generally speaking, buyers who are interested in buying raw acreage are looking to build a home, build a business or some type of infrastructure on the land. This includes industrial, agriculture and recreational uses. If you want to maximize the chances of your NC land selling quickly, make sure the land is properly zoned for the intended use and has all necessary permits and surveys in place. The location will also impact how fast your land will sell, since land near booming cities and attractions tends to move faster than rural acres in the middle of nowhere.
Another factor to consider when assessing how fast your land will Sell land in North Carolina is how it is maintained. If the land is undeveloped, it will likely need a lot of work to be appealing to buyers, including clearing brush, installing a gate and driveway, and adding utilities. This could add to the overall cost of the land and increase the time it will take to sell.
For sellers who are not willing or able to do the work needed to sell their bare land in a timely manner, there are other options for selling the property such as selling to investors, auctions, 1031 exchanges, land contracts/installment sales and seller financing. Each has its own pros and cons, so it is important to explore all options to find what is the best fit for your goals.
Many people are in a hurry to sell their land because of financial reasons, including paying property taxes for an undeveloped piece of property that they no longer have any use for. Others have inherited the property and have no desire to keep it, or simply changed their retirement plans and now need to sell the land in order to fund other projects.
Getting the cash you need for your land sale can be tricky. One option is to sell your land to a company that specializes in purchasing vacant land. These companies will typically offer you a fair cash offer based on market value and can close the deal quickly. In addition, working with a company that is familiar with the unique requirements of land transactions can save you time and money in the long run. For more information on how to sell your land in a quick and easy way, contact ExpressLandOffers today! We have a team of experienced professionals ready to assist you. We can even help with all the paperwork and closing process! Let us help you get the cash you need to pay off your property tax bills and put money in your pocket.