Owning hunting land is incredibly rewarding. You’ll have the opportunity to enjoy the outdoors, make money from your property, and help other people enjoy time in nature. But as a landowner, you also know that vending your property can be very difficult and stressful. So here at LandLeader, we’ve compiled our best advice for land brokers who want to sell hunting land:
Sell Hunting Land: Prepare to Sell with Confidence
Determining Hunting Land’s Value
Of course, the first step to selling hunting property is determining its value. The good news is that there are several ways to do this.
- First and foremost, you’ll want to enlist the help of an experienced real estate agent specializing in hunting land sales.
- Another way of estimating a property’s value is by comparing it with similar properties currently on the market and actively being marketed by other agents nearby.
Advice for Sellers
The following are key tips for sellers who want to attract a buyer:
Advertise an Experience – Remember, you’re not just selling land; you’re selling a whole experience. When every visit to your parcel is a memorable experience, potential buyers are more likely to imagine owning the land.
Make it neat – When showing the land to potential buyers, you don’t want it to be messy and hardly accessible. Therefore, you must prepare your land for showing by removing any possible trash or junk, making sure the access roads are marked, etc.
As a seller, you will need to provide the following documentation:
- A closing statement document is important because it lists all of the fees associated with the transaction, such as property mortgage insurance, tax deposits, and so on.
- A purchase agreement is a document in which the buyer clearly states that he or she is purchasing the land for the stated price and the seller agrees to sell it for the same price.
- The contract for sale must include all of the terms of the sale that were agreed upon by both parties.
- Other documents are not legally required, but the buyer can express a desire to include them.
Have a Professional Inspect Your Property.
Before you even think about selling land, it’s important to have a professional inspect the property. This will help ensure prospective buyers know what they’re getting into and give them confidence in the value of your property.
Take Good Pictures.
When you’re auctioning hunting land, good pictures are essential. One of the best ways to vend your property is by using high-quality photography, as this will help potential buyers visualize what it would be like to live on the land and hunt there.
A picture paints a thousand words – in this case, it can be the difference between making a sale or not selling.
Make Sure You Have the Right Land Brokerage.
The next step is to locate a broker who knows the market. You’re looking for someone who’s been in business for a while and has plenty of experience auctioning hunting property.
Look at What Buyers are Purchasing in Your Area
Consider how the listing price correlates with the sale price as one way to help find a fair market value for your property. There are many ways to find the fair market value of your hunting land.
- First, you can look at what buyers are purchasing in your area and consider how the listing price correlates with the sale price as one way to help find a fair market value for your property.
- Another option is to look at the average sales price of similar properties in your area.
If you are considering auctioning your hunting property, it is important to consult a real estate professional who can help you find the fair market value of your property.
The process can be challenging, but with the right advice and guidance from someone specializing in these types of sales, it can be much easier! All while trying to keep up with technology and grow your land business. LandLeader can help!