Whenever you receive a letter from a land buying land purchasing company — Land Boss company, don’t immediately throw it in the trash. First, thoroughly vet the buyer through online reviews, credentials, references, complaint records and expertise claims.
Also, consider using Landboss, a user-friendly lease acquisition software that centralizes project data to reduce spreadsheet billing and 1099 payroll processes.
Buying Land
When total strangers pique your interest with offers to buy your rural property, it may feel strange. However, don’t reflexively toss such unsolicited mailers in the trash. Chances are, they stumbled across your land acreage and boundaries through legal public records access, not covert operatives wearing night vision goggles while peering from property bushes.
Selling land directly to land companies is quicker and less expensive than conventional methods that require real estate agents and listing periods. However, vetting buyers carefully is crucial to avoid scams. Red flags to watch out for include evasiveness on company details like years in business and client references, high-pressure sales tactics urging you to accept offers immediately or risk rescindment and vagueness about title transfers and reselling logistics.
Land-buying companies typically make fair offers close to market value based on property specifics and location. But they also have a different motivation than most sellers and must account for their expenses in reselling the property later.
Buying Farm Land
Receiving an offer letter from a company that knows your name, property acreage and land boundaries might be disconcerting. But rest assured, reputable land buyers discovered your acreage through legal public records access, not covert operatives with night vision goggles snooping in your property bushes.
Whether you’re selling a rural property that has poor accessibility or title defects, or simply want to sell your land quickly for financial reasons, direct sales may make sense. But always vet land buyers thoroughly through online reviews, documentation, client references and complaint records.
Avoid evasiveness, high-pressure tactics and vague promises about future transactions. These are glaring red flags that should prompt you to proceed with extreme caution. Buying from companies that disclose their business years, client references and transaction histories is one way to safeguard your investment. Sell directly to a reputable established cash buyer like Land Boss for an easy, stress-free transaction. You’ll save time, eliminate commissions and reduce closing costs.
Buying Commercial Land
Commercial land can be a valuable investment for future business growth and property investments. Buying commercial land requires careful research into the area and its infrastructure, as well as the zoning rules that determine what types of buildings can be built on it. It’s also important to look into the costs of transforming raw land into usable commercial space.
You can find commercial land for sale through local real estate agents or brokers, as well as everyday people who own plots of land that they’re willing to sell. Be sure to thoroughly vet the human or company making an offer through online reviews, credentials, complaint records and expertise claims. And always use caution with questionable cash exchanges, wire transfers and escrow agreements. Land buyers can benefit from 9-12 month escrow extensions to help with financing, approval hurdles and final inspections. And savvy sellers benefit from reasonable time to carefully weigh options and assess buyer reputations.
Buying Industrial Land
Selling land for cash frees up unused capital otherwise tied to non-producing assets. For most owners, the opportunity cost of holding on to vacant land lands far exceeds the initial investment of selling it quickly for cash.
Selling raw land to cash buyers shortens closing times since they have ready funds and don’t need financing contingencies. Buyers pursuing development prospects value usable acreage breakdowns, boundary surveys and infrastructure access specifics like utility availability. They often weigh land’s strategic merits too, such as adjacent public infrastructure projects and planned future developments.
A reputable cash buyer like Land Boss covers standard closing fees and costs without passing them on to sellers, which can cut into sales proceeds. Also, choose a buyer that pays for document recording charges, transfer taxes and overnight shipping costs to maximize your net payment at sale closing. Aim for transparency on these fees and costs to avoid surprises and inflated pricing in your deal.