There are many reasons why you would want to sell your property, and you have different options for selling. You could use a traditional real estate agent, you could try to sell your property by owner, or you could sell your property to a King of Prussia investor.
5 Things You Should Know About Selling Land To a King of Prussia Investor
Understanding the Buyer
Professional land buyers in King of Prussia, PA typically close faster than traditional land buyers, and usually pay full in cash. Traditional land purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. There are also normally no commissions paid to a buyer’s or seller’s agent which means thousands of dollars in savings.
The usual commission is 3% per side, so if you sell your land for $200,000, you would have to pay $12,000 in commissions alone! Professional land buyers also may not charge transaction fees; if they do, they are extremely low in comparison to the commission or closing costs you would have to pay otherwise. They also provide mail-away closings which is a wonderful thing for out of state owners.
No Preparation Necessary
When selling land to professional buyers in Pennsylvania, the typical practice is to purchase the property in its existing condition, without requiring any additional upkeep or expenses from the seller. This “as-is” arrangement alleviates concerns about undertaking repairs or unexpected costs prior to closing. Moreover, certain companies may even forgo inspections, streamlining the process and ensuring a true as-is transaction. As a seller, this provides convenience and peace of mind, allowing you to proceed with the sale without the need for additional preparations or potential complications.
Sell With Confidence
By choosing a professional land buyer in King of Prussia, PA, you can enjoy a significantly more convenient and stress-free experience. With their services, you can wave goodbye to the roller coaster of emotions often associated with traditional land sales. There will be no frustrating interruptions during important moments like dinner, as you won’t have to deal with last-minute phone calls requesting property showings. You’ll be spared from the inconvenience of having to travel to your land every time a potential buyer wants to see it.
Moreover, you won’t have to worry about awkward encounters with buyer’s agents or their clients, nor will you have to navigate the tricky territory of answering questions that you may prefer not to disclose. By relying on a professional land buyer, you can bypass these challenges altogether, ensuring a smoother and more stress-free transaction process.
Selling your land to a professional land buyer offers a remarkably straightforward process. They will guide you through each step, providing clear and concise contracts that typically involve simple as-is purchase agreements. This transparency ensures that you have a comprehensive understanding of the transaction.
Additionally, selling to a professional land buyer minimizes your exposure to legal risks. You can rest assured that there won’t be unexpected discoveries or buyer dissatisfaction regarding undisclosed information about the land or the neighborhood. In traditional real estate contracts, there is always a potential for the buyer to take legal action if they believe they didn’t receive all pertinent information or if they perceive any misrepresentation. However, professional land buyers are well-aware of the property’s condition from the start and willingly assume that risk, sparing you from potential legal complications.
Land is Different
Selling land to a King of Prussia investor is very different than if you were selling a commercial, multi-family or single-family residential property mainly because there is no building. Land is a very simple property to deal with. Most King of Prussia investors won’t even drive out to the property because all of the information they need is available online.
They may or may not have a survey completed to verify the property lines, and they will most likely prefer that no improvements have been made, such as fences or sheds. These properties are perfect for investors because they can build the property to fit whatever plans they have. Land transactions can be as quick as a few days when you sell directly to Property Buyer Today!