Are you thinking about selling your vacant land to one of those companies that buy land or websites that say "we buy land"? Whether you're a landowner or an investor, understanding what these companies look for can help you make informed decisions and maximize your chances of a successful sale.
As an expert in the field, I've analyzed thousands of land submissions received by SellTheLandNow.com, one of the largest networks of companies that buy land. Based on this extensive experience, I've identified the top five factors that these companies prioritize when evaluating land for purchase.
1. Size Matters: The Bigger, the Better
When it comes to land, companies that buy land tend to favor larger properties with a lower cost-per-acre. In fact, data from recent years shows that the average size of properties successfully purchased by our network of buyers is around 25 acres, with an average cost-per-acre of approximately $8,000.
If you're looking to determine the cost-per-acre of your vacant land, simply divide the asking price by the total number of acres. Keep in mind that properties spanning 10 acres or more often receive more cash offers than smaller parcels.
2. Easy Access: Roads Lead the Way
Most companies that buy land are comfortable purchasing vacant properties without physically visiting them. Instead, they rely on online resources like Google Street View, satellite imagery, or county property websites to assess the land remotely.
Established road access is crucial for these companies. Properties that are easily accessible by car or truck hold more value than those that are "landlocked." However, it's important to note that not all buyers have the same criteria. Some specialize in purchasing properties with limited or no road access.
3. Minimal Restrictions: Freedom to Develop
Understanding the zoning regulations and any deed restrictions placed on your vacant land is crucial when selling to companies that buy land. Zoning laws, typically enforced by local governments, dictate what can and cannot be built on a property.
Companies prefer land with minimal restrictions, allowing potential buyers more freedom to develop or utilize the land as desired. Knowing if certain activities, such as hunting or keeping farm animals, are permitted can make your property more appealing to these buyers.
4. Natural Beauty: Showcasing the Land's Potential
Since many companies that buy land won't physically visit your property, highlighting its natural features becomes essential. If your land offers breathtaking mountain views, river access, or any other scenic attributes, make sure to emphasize them. Paint a vivid picture of what someone would see if they were walking on the land.
5. No Improvements: A Blank Canvas
Surprisingly, land buyers tend to steer clear of properties with existing improvements, such as fences, home foundations, or outbuildings. While these improvements might seem valuable, they can actually be a burden for companies that buy land.
Buyers typically do not physically inspect improvements before purchasing land, which means they can't assess their condition or potential removal costs. As a result, improvements often devalue the property in the eyes of these buyers.
Selling your vacant land quickly to reputable companies that buy land is possible. By understanding their preferences and ensuring your land aligns with their criteria, you can increase your chances of a successful and speedy sale.
To connect with 12 companies that buy land and streamline the selling process, simply fill out our form. Your property's information will be automatically sent to these reputable buyers who are actively seeking new investment opportunities.
Remember, when it comes to selling your land, knowledge is power. Use these insights to your advantage and make your vacant land stand out from the competition.