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 about this.
Sell Hunting Land: Ready with Confidence
Determining Hunting Land’s Value
Of course, the first step in listing a 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 showcasing a property; you’re presenting an entire experience. When each visit to the parcel leaves a lasting impression, potential buyers are more likely to envision themselves owning it.
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.
Necessary Documentation
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 where the buyer confirms their intention to acquire the property at a specified price, and the owner agrees to transfer it under the same terms.
- 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 moving forward with listing your property, it’s important to have a professional inspect it. This helps potential buyers understand what they’re considering and gives them confidence in the property’s value.
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 is worth a thousand words — and in this case, it can be the deciding factor between attracting serious interest or being overlooked.
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
- 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.
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!