Thinking about selling land? You might be surprised to learn that selling land is not like selling a house. In this blog post, you’ll read about why selling land is different than selling your house in Georgia…
When you own a property, you might not give a lot of thought to whether it has a house on it or if it’s just raw vacant land. However, there are differences and they can affect the sales process. Here are 4 reasons why selling land is different than selling your house in Georgia.
4 Reasons Why Selling Land Is Different Than Selling Your House In Georgia
#1. You’ll Need A Geological Survey
Selling a house is really about selling the structure; but selling land is more involved because the buyer might want to buy the land for development, farming, mining, recreation, or some other purpose. So, when selling land, you’ll probably need to provide the buyer with geological data, perhaps including soil samples, water samples, grading, and landscaping, etc. A survey will help the buyer understand the make-up of the property so they can determine if the property meets their needs.
#2. You Can Skip The Structure Inspection
When selling a house, the focus is on how good the structure is and whether or not it will continue to be a safe structure for its users. So, if you’re selling a house, the focus is on fire and flood potential, upgrades, risks like mold or termites, etc. But when you’re selling land, these factors don’t matter.
#3. You’ll Need To Identify The Development Potential
The secret to selling a house is to get people to see themselves living there; the secret to selling land is to get people to see the development potential of land in the future. For example, you might want to tell buyers about how the city is growing toward the empty land, so it will be perfect to develop a new community someday, or you might show the potential buyer a geological sample that proves the land is ideal for farming.
#4. It’s A Different Type Of Buyer
When selling a house to someone, you’re usually talking to a “retail buyer” – that is, someone who is thinking about buying a home that they can live in. If you are selling land for recreation, the buyer is likely to be a retail customer who wants to take advantage of some wide-open spaces; if you are selling the land for development potential, the buyer is likely to be an investor who is considering purchasing the land in order to make money from it. When you know who you are selling to, it becomes much easier to tell the right people about the potential of the property.
Do you have land you want to sell in Georgia? If you’re thinking of selling and if you’re wondering why selling land is different than selling your house in Georgia, then you might like this: we are currently buying land and would like to make you an offer for your land.