The Benefits of Having a Realtor When Selling Your Land
Selling land in Florida is a potent investment opportunity. Misconceptions abound about the value of buying and selling land, often perpetuated by those who may have gone about it incorrectly. In Florida, land sales require certain considerations, such as mineral rights, the proximity to wetlands, and other concerns with which residential real estate sales must contend. While many people want to save money by foregoing a real estate agent entirely, having a realtor provides substantial benefits to selling land.
Land sales are a whole different ball game than residential real estate sales, which is why many people fail: they don’t know how to sell land in Florida. That’s because selling land comes with different challenges. While anyone might be able to sell their house, with or without a real estate agent, trying to sell land in Florida poses a new set of questions and requirements for both buyers and sellers. If you’ve been wondering “how will I sell my land in Florida?”, you’ve come to the right place.
Real estate agents are knowledgeable about the different types of real estate and, most importantly, how to sell them. Having a realtor is worthwhile because realtors know how to market your land to buyers, what to emphasize, and how to help guide you through the process. Selling land is a complicated process made much simpler by the skill and experience of someone who knows how every step of the process works. A quality realtor can help you understand the moving parts that drive the land sales process while also helping you fit everything together.
What Does Your Real Estate Agent Do?
Your real estate agent is a professional who will guide you through the process of selling your land and connect you with potential buyers. Moreover, a realtor knows what buyers are looking for and how to market your land specifically to them. Finally, realtors must also keep informed of market trends and conditions that can impact your ability to sell land in Florida. These things alone make it beneficial to employ a real estate agent when selling land. In Florida, where the market can be fickle, it’s all the more imperative to know how to execute a complete market approach.
Realtors are trained and experienced in handling the challenges that invariably arise during the entire land sales process. An agent’s tasks and responsibilities include:
- Refining your listing so that it emphasizes the attractive elements of your land and makes it more palatable to prospective buyers—markets in Fort Myers will differ from those in Jacksonville, for example
- Setting a proper price
- Obtaining photographs of your property for the listing
- Advertising the sale through signage and various marketing channels
- Conducting tours of the land while also responding to inquiries
This is a broad overview of the main tasks that a realtor will complete on your behalf. The realtor’s skillset is a valuable asset if you lack formal training on how to sell land. In Florida, every advantage counts when it comes to closing the deal. With land becoming scarce and market fluctuations and economical pressure affecting how and when people buy, having someone who knows how to get results on your team can be priceless.
Evaluating Your Land
When you ask your realtor, “How do I sell my land in Florida?”, they’ll know exactly where to start. The first step in any realtor’s plan is to evaluate your land. This evaluation helps the realtor determine a fair price based on your motivation to sell, helping them to determine the right audience, and what your land has to offer.
For example, some properties have a natural feature, such as a water feature, that makes them more attractive to certain buyers. An experienced realtor will use this information to help frame the listing and make your property stand out from the rest. A significant part of the real estate process is presentation, which your realtor will tailor to your specific listing’s strengths.
The evaluation process includes thorough research about the property’s history, any current or future zoning considerations, and photographs. Good photographs, more than most things, are invaluable in presenting your land as something that buyers must have, rather than just another listing. Many prospective buyers base their initial interest purely on how the property looks, and a realtor will obtain the photographs to enhance your listing’s marketability.
If your property is within certain popular regions, such as Cape Coral, for example, this will also affect how your listing performs, so your realtor will tailor the listing to that specific market.
Working Directly With You
Another of the realtor’s most important tasks is to work closely with you to establish your goals, determine your motivation to sell, and figure out terms that are acceptable to you. As the one selling your land, meeting your needs is a vital step in the sales process. What are your goals in selling your property? What price or terms must you meet? How much are you willing to negotiate? Do you have specific requirements for land usage even after the sale? Realtors will ask you these important questions to figure out the best approach for your particular listing.
Establishing a shared vision of the ideal sale is a crucial element of the process, which is something that a skilled realtor will know how to do while also ensuring your property is commercially viable.
Conducting Marketing Efforts
If you’ve been wondering, “How can I sell my land in Florida?”, you should know it’s rarely a “fast” process. Marketing efforts take a substantial investment of time and energy, one which may prove difficult for you if you’re juggling other full-time responsibilities such as work and family. As a dedicated agent, a realtor can devote more time to research, writing listings, taking photographs, and fielding queries about the property. This is many hours of work and the accompanying stress that you will avoid with the help of a trustworthy realtor.
The final step in the sales process is negotiating a potential land sale, right down to the fine details of a property transaction. Once the time has come to close the deal, your agent will guide you through the lengthy and often complex process so that you know exactly what you are committing to, as well as your buyer, and you can feel satisfied with the terms of the deal.
Streamline the Sales Process
Selling land in Florida is a time-consuming and demanding experience. Whether you are looking to sell property in LeHigh or in Bonita Springs, even in times of high demand there is no “easy” way to navigate the process on your own. A realtor will be your guide and help you understand every step so that you stay informed, make considered decisions, and ultimately walk away from the sale happy with what you have accomplished.
If you’re looking for a helping hand in selling your land, contact us and we will be happy to help you begin the process—and then see it through to a successful sale.