Are you considering selling your vacant land to one of those companies that buy land or 'we buy land' websites? Here's what they are looking for...
As one of the largest networks of companies that buy land, the team here at SellTheLandNow.com has received thousands of submissions from people looking to sell their land. We've tracked which properties end up being bought by our network of land buyers.
1. "Bigger the Better"
Companies that buy land tend to purchase low cost-per-acre properties. That is - the more acres for less amount of money - the better. Based on data from the last few years, our network of companies that buy land successfully bought properties that averaged 25 acres in size. The average cost-per-acre was around $8,000. So, if you're looking to calculate the cost-per-acre of your vacant land property, simply divide the asking price by the number of acres. Keep in mind that vacant land properties that are 10 acres and larger tend to receive more cash offers than smaller ones.
2. Established Road Access
Most companies that buy land offer to buy your vacant land sight unseen. These investors are comfortable buying vacant land without ever setting foot on the property. They use online resources like Google Street View, satellite imagery provided by Google or Bing Maps, or county property websites to learn more about the property you want to sell. Having established road access is crucial for these buyers. A vacant land property that's easy to get to in a car or truck is more valuable than "land locked" properties. However, every company that buys land is different, so not having road access may not necessarily be a deal breaker.
3. Minimal Restrictions
Knowing the zoning and any deed restrictions on your vacant land property is important for companies that buy land. Zoning laws, typically set by local governments, dictate what can and cannot be built on the land. In addition, there may be rules set by subdivisions, Property Owners Associations, or Home Owners Associations. Generally, the fewer restrictions, the better if you're looking to sell your vacant land property to a company that buys land. Some companies may have specific preferences, such as only investing in land that allows for mobile homes.
4. Desirable Views and Natural Features
Most companies that buy land will never see your property before they offer to buy it. So, if your vacant land has views of mountains, a nearby river, or any other natural features, make sure to promote them. Highlighting these aspects can make your property more attractive to buyers.
5. No Improvements
Land buyers and companies that buy land tend not to purchase land that already has improvements like fences, home foundations, sheds, or outbuildings. These improvements can be seen as a burden, as buyers may not physically inspect them before making a purchase. In fact, companies that buy land will devalue improvements, considering the cost of having them removed.
If you're looking to sell your vacant land quickly, fill out our form and your property's information will automatically be sent to 12 companies that buy land. Don't miss out on this opportunity to connect with the right buyers for your land.
