There are many reasons why you would want to sell your property, and you have different options for selling. When selling land in Milwaukee, 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 Milwaukee investor.
Understanding the Buyer
Professional land buyers in Milwaukee, Wisconsin usually close faster than traditional land buyers, and usually pay full in cash. When selling land to a traditional buyer, this will 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
Professional land buyers in Wisconsin will usually purchase lands as-is. As a seller, this means you do not have to worry about any upkeep before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction. This will make selling land faster than ever.
Sell With Confidence
When you’re selling land to a local land buyer, you won’t have to worry about feeling overwhelmed with emotions. There won’t be any frustrating phone calls from your agent asking you if you are available to show your land to a potential customer. This also means you won’t have to stop everything you’re doing to drive to your property for a showing, or having to answer questions from your buyer’s agent all the time.
Selling land to a professional land buyer means you’ll know exactly what you’re dealing with. They will give you insight in every step of the way, and they usually have rather simple contracts that are no more complicated than purchase agreements. You are also exposing yourself to less legal risk. In other words, since you’ll be selling your property as-is, you won’t have to worry about getting in trouble if you forgot to disclose something about your property or your neighborhood. When you make a traditional sale, buyers can sue you if you failed to disclose certain information, but professional land buyers know the state of the property beforehand and they are willing to risk it.
Land is Different
Selling land to a Milwaukee 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 Milwaukee 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 Sparks Property Investors LLC!