Do you own remote land in Silver Spring or the surrounding areas? While keeping land in your portfolio can be a smart move, if it’s not generating any income, the decision to sell it may be in your best interest. Frankly, you may be tired of paying taxes on a piece of dirt that isn’t doing anything for you. It may be time to cash in and reinvest that money elsewhere. Here’s how to sell remote land in Silver Spring in order to receive the best possible results.
Look for the Right Buyers
Selling remote land in Silver Spring is much different from selling a house or commercial property. Without any structure built on the property, your buyer pool becomes much smaller as fewer people are out there actively looking for land. If trying to attract an interested buyer, you’ll need to market to this niche of land buyers specifically. Selling a move-in ready house has much more appeal than selling a piece of dirt!
If you opt to work with an agent to help you sell your remote land in Silver Spring, ensure that they are a land specialist who will correctly know how to best market your property, getting it in front of the right buyers at the right time. You may require a special listing on land-specific websites which can come at a small cost. They should also help you prepare the land so it is shown at its best. Consider having a survey performed, with the property boundaries clearly marked. This way anyone who is potentially interested in your land will know exactly what they are getting. It also makes it easy for anyone driving by to take notice of the property.
Understand the Zoning Laws
Do you know the zoning laws for your remote land in Silver Spring? When trying to sell your property, it’s a good idea to understand what can and can’t be done with it. Before attempting to sell your remote land in Silver Spring, ask yourself…
- Are there any local building restrictions?
- How is the land zoned?
- Is it economical to develop the land?
- Does the lot have water and electrical hook-ups or is it raw land?
- How large is the property and does it require special access?
Landowners in Silver Spring can also apply for exceptions or zoning changes. So even if the land isn’t zoned how your buyer would like, the dream isn’t over. It can be changed. Before selling your remote land in Silver Spring, you need to understand what can be done with it. While it is ultimately up to the buyer to do their homework, understanding a property’s potential will help you become better prepared to sell. NEH Property Solutions is happy to help you learn more about the zoning laws for your property. Reach out to us to learn more about what we offer.
Skip the MLS Altogether
While the MLS can be a great place to sell a house, it isn’t always the right place to list your remote land in Silver Spring. Working with a Silver Spring real estate agent can be expensive, but selling your remote land directly won’t cost you a dime when working with the right buyer. When you hire a real estate agent in Silver Spring to help you sell your land, you may be faced with commissions, closing costs, marketing expenses, listing fees, clean-up costs, and more. Plus, many agents are more focused on single-family homes and commercial listings. By selling to a direct buyer, you’ll be able to avoid all of the costs and wasted time. Keep in mind, that not all buyers are the same. Make sure you are working with someone who is experienced and reputable such as NEH Property Solutions.
Compare Your Options
There are many ways that you can sell remote land in Silver Spring. Get out your calculator and run the costs for yourself. While an agent can encourage you to list for a higher price, that doesn’t mean you’ll find a qualified buyer who is willing to pay. Plus, you will be faced with marketing fees, holding costs, and agent commissions. By avoiding the MLS and selling the land on your own, you can potentially save time and money on the deal. When selling any piece of real estate, take the time to compare all of your options so that you can choose the one that will help you meet your goals.
How NEH Property Solutions Can Help You Sell Your Remote Land in the Silver Spring Area
Ready to sell your remote land in Silver Spring? NEH Property Solutions specializes in land throughout the MD. Reach out to our team to learn more about the current market for land in the area, and to get an offer from our team. We are happy to answer any questions you have about selling land in the Silver Spring area. Give us a call today to learn more! (301) 442-2368