Vacant land in Portland is at an all-time high. While land doesn’t cost much to own, you may not see any more appreciation as the market cools off. In our latest post, we offer tips on how to sell your Portland land quickly and for a great price!
Owning land is a relatively hands-off real estate investment. In comparison to a house, there is little maintenance or cost in order to own. Many land owners see this as an opportunity to leave a lot sitting and hope for appreciation that never comes. More often than not, the proceeds from that stagnant lot in Portland could be much more valuable elsewhere. That may mean purchasing a new investment, paying off of an old debt, or even paying for your child’s education! Here are some tips to help you sell your land quickly and for top dollar in Portland!
A Clean Lot Sells
Land doesn’t require much maintenance, and there really shouldn’t be any repairs you’ll need to make to get in ready to sell. That said, if you are selling your vacant land in Portland, there are a few things you can do to make it more appealing for your potential buyers. Old foundation, underground tanks, or any remnants of an old structure can be deterrents, and if you can remove them at a reasonable cost it could prove to really speed up your sale. A fully cleared lot looks better and is simply more attractive to buyers who want to build immediately.
Highlight The Potential
Make sure you buyers know the possibilities of what can be done with the land. Marketing the zoning of your lot and even getting schematics put together for potential projects are great ways to highlight potential. If feasible, showing the value of the plot after development is a great way to garner excitement in buyers. When you provide the vision and paint the picture for them, the process of developing vacant land becomes that much more appealing to buyers who may have been considering other types of investments.
Mark The Boundaries
You’ll want to make sure your property lines are clearly marked for buyers to see when they are viewing the land. This allows the buyer to have a better idea of what can be done with the land. Without markers, visualizing potential can be more difficult and you want it to be as easy as possible for them. If you aren’t sure of the exact spot where your property begins and another ends, you can enlist the help of a professional surveyor or reach out to the county to find out which maps are available that provide information about your land in Portland.
Know What is Possible
When selling your vacant land in Portland, it is essential to know the zoning and land classification. I addition to knowing what is possible, you’ll need to know about potential road blocks. The soil on the land, nearby protected plants and animals, as well as any additional building restrictions your potential buyer may face after buying your land in Portland. You don’t want to present misinformation or miss out on a sale because you didn’t know answers to basic questions a buyer asks. And just like selling a home, it is important that you disclose everything you know about the land you want to sell in Portland.
Work With A Professional
Working with a professional land buyer in Portland is a great way to sell your land fast in Portland without having to wait for a buyer or wonder how much you will be offered. And unlike listing your land, selling to a professional land buyer will allow you to avoid cleaning up, researching the property’s potential, or waiting longer than you should have to. When you sell your land directly to PDX Home Buyers, we are able to buy and close in just a few days. You’ll be able to quickly liquidate a piece of land that isn’t doing anything for you and instead, use the proceeds on something with greater earning potential.
Are you thinking about selling your vacant land in Portland? Before you think about calling a real estate agent or trying to sell the property through advertising of your own, find out what a direct sale will mean for you. The process is fair and may be more profitable than you might think!