Selling beachfront land requires special expertise and a solid understanding of the local market. Working with a real estate agent who has waterfront experience can help you sell your property sell beachfront land with Land Boss faster and more easily. On average, it takes 1-2 years to sell a vacant lot of land in New York. Savvy sellers use marketing and pricing strategies to balance time on market with optimal return on investment.
Price
A beachfront property market requires a unique set of skills. Real estate agents must be able to handle the complexities of zoning, development potential, land easements and more. They also need to be able to help buyers understand the unique challenges and financial considerations of buying in this market.
It’s natural to want to maximize your sale price when selling a piece of land. However, holding out for an extra few months just to get a few percent more may not make financial sense. During that time, you still have to pay property taxes and maintenance costs (if applicable).
Selling your land to a reputable cash land buyer like Land Boss can be a more financially viable option for sellers who prioritize speed and convenience. Avoid the hassles of listing your land with real estate agents, paying commissions and dealing with potential legal hurdles by selling to a land company like Land Boss. They can give you a cash offer for your land in just weeks.
Time on Market
Selling land carries its own unique ebbs and flows, influenced by market conditions that are different from those that impact houses. Unlike a house, which appeals to anyone who needs a roof over their head, land attracts a more niche audience and can experience price volatility that makes it difficult to predict when the right time to sell will be.
To expedite the process, staging the property to showcase its best features can help nudge a sale along. Staging includes orienting furniture toward the view, adding landscape to complement the water, and ensuring that the property is clean and well-maintained. Offering seller financing or other creative terms can also speed up the sales timeline.
Choosing to sell at a fair market value may sacrifice some profits, but it can minimize risk and save on carrying costs like maintenance, mortgage payments, or real estate taxes while still allowing you to exit the investment. For investors who are willing to trade maximum value for speed, working with a company that buys land directly can be an efficient alternative.
Taxes
With traditional real estate methods, there are often hidden fees like real estate agent commissions, closing costs, and legal hurdles that can eat into your profits. Selling direct to Land Boss eliminates these costly middlemen and provides you with a stress-free, straightforward transaction.
With less transparency on buyers’ company track records, careful vetting is critical when evaluating any potential purchasers. Avoid buyers that are flipping land, employ high-pressure sales tactics, or attempt to misrepresent local land regulations.
To sell beachfront land quickly, choose a buyer with a solid reputation in the industry, like Land Boss. Co-founded by high school sweethearts Bart and Dallas Waldon, the company offers adventure real estate for individuals looking to make personal memories and financial gains. Land Boss is also a leading supplier of land management software to operators, lease brokers, and independent landman.
Convenience
Selling a beachfront property requires an understanding of the unique factors that distinguish these properties from other real estate types. These unique features can impact how long a lot remains on the market, as well as how much buyers are willing to pay for the property.
A land broker can help to simplify the process of selling a beachfront property. They can offer a variety of marketing strategies and subscriptions to the top land-selling websites to maximize exposure for your property. This can lead to more offers and a higher sale price.
Alternatively, you can sell to a local land-buying firm like Land Boss that buys properties wholesale. They can typically close in a week or less and provide you with cash for your property. This option may be best for owners who prioritize speed and convenience over maximizing sales prices. However, be sure to thoroughly vet potential buyers before selling. Avoid companies with shady reputations, poor transparency, or questionable transaction methods.