Owning land is a relatively hands-off real estate investment. There’s typically very little maintenance in comparison to owning a house. Because of this, many investors end up holding onto land that isn’t benefiting them financially.
The Proceeds from Selling Land Could Be Invested Elsewhere.
You could invest the proceeds into a new project, your children’s education, or a new business venture. If you’re thinking about finally selling land you own in Miami, here are some tips to help you sell quickly and for the best price!
Clean It Up
There are a few things you can do to make your land more appealing to potential buyers (if you’re planning to sell, that is). If there is an old foundation, underground tanks, or any remnants of an old structure, you may want to take the time to remove these items as long as it’s not too expensive to do so.
You could also clear out the brush, bushes, and trees that may impede development or look aesthetically unappealing. You can even go so far as to plant a few flowers or trees in a place that won’t get in the way of development.
Highlight The Potential
It can be difficult for some to invision the potential land holds. To combat this, you need to draw attention to the key aspects of your land. You could even create schematics for possible homes or other types of buildings depending on your zoning.
Consider including financial projections as well, so your buyers will know what they can potentially gain from the vacant land purchase. Most buyers should appreciate the extra effort you’ve put in to demonstrate the potential your land has.
Mark The Boundaries
If someone wants to see the land in person, it’s a good idea to place markers along the property lines. This will help everyone, probably yourself included, visualize the boundaries of your land.
If you’re not 100% sure where your property begins and another ends, then it might be a good idea to enlist the help of a professional surveyor. You could also reach out to the county to find out if there are any maps available.
Have The Answers Ready
When selling your vacant land in Miami, it’s important to understand the zoning and land classification. You might think land is not that interesting, but similarly to selling a single-family home, you need to disclose absolutely everything you know. This includes:
- The types of soil
- Building restrictions
- Protected plants
- Protected animals
You don’t want to present misinformation or miss out on a sale because you didn’t have all the necessary data upfront.
Work With A Professional
If you want to speed up the process, working with a professional land buyer in Miami will save you time and money! You won’t have to lift a finger. Our team at Sunshine State Buyers will take care of everything, including research, cleaning, and any required maintenance.