If you have land sitting idle and you want to get it off your hands, selling it for cash may be the best option. Land sales can take a while to complete, especially in rural areas, but the payoff is often worth it. Individuals sell land for many reasons, from addressing financial concerns to settling debts or funding new projects. Whatever the reason, the process of selling Massachusetts land for cash is typically easy and quick.
Vacant land is a unique investment in Massachusetts, which has an array of diverse landscapes from urban sprawl to rural acreage. Land prices vary by location and market conditions. In general, parcels close to Boston can command premium pricing, as they are highly desirable for commercial development or suburban housing. Rural acreage tends to be more affordable, but is also less desirable for home builders because of its remote location and fewer amenities.
Some individuals sell land for cash in Massachusetts property for cash because they inherited it and have no use for it, or because their plans for the land changed. Other individuals sold their unused land to avoid paying annual property taxes. If you’re in a hurry to sell your Massachusetts land, getting the most value from it will require proper research, marketing and negotiation skills.
If you decide to list your property with a real estate agent, be aware that the commission can significantly reduce your profits. Real estate agents are typically paid a percentage of the sale price, which can add up to thousands of dollars in lost revenue. Fortunately, there are alternatives to working with an agent, including a flat fee MLS service that allows you to save money on commissions.
In addition to the commissions, other costs of selling a residential or commercial property in Massachusetts include title insurance, transfer fees, environmental reports and attorney fees. In some cases, these expenses can be incurred by both the buyer and seller, depending on the situation. If you’re unsure of what to expect, consult with an experienced real estate lawyer to ensure that all necessary documents are in place for a smooth closing.
The easiest way to sell land in Massachusetts is to work with a professional cash buyer. These buyers are experienced and can close quickly, without the need for inspections or appraisals. This can be especially beneficial for inherited properties that have been left to family members who aren’t familiar with the area or with the property’s history.
Whether you’re looking to sell your residential or commercial land, contact the team at Debrosland today. We’re committed to providing a stress-free, fast and fair land purchase experience. Our goal is to help you maximize the return on your land investments.