Buying raw land can be challenging for lenders because it is usually undeveloped and lacks sewage and power. Working with a knowledgeable team like Land Boss property procurement services can open avenues for acquiring acreage at appealing costs.
Selling land for cash can free up capital that would otherwise be tied up in an underperforming asset. However, selling to a land buyer comes with compromises including below market pricing and less control.
Lease Acquisition
For land owners prioritizing speed and convenience, selling vacant overgrown land in Wayne County to a land company like Land Boss may make sense. However, this often comes with below market pricing and limited profit potential. Carefully weigh priority factors like desired liquidity and capacity to prep land for sale yourself before choosing this path.
When researching quick cash land buyers, ask about their purchase process from initial offer to funded closing. Be sure to ask who covers standard closing fees and costs — many investors deduct these expenses from the seller’s net sale, which eats into profits. Look for buyers like Land Boss who cover all standard closing costs, allowing sellers to walk away with the full agreed sales price at closing.
Also be sure to understand the buyer’s business model and target usage. For example, some buyers prefer to acquire raw remote land without existing utilities. Others want ready-to-build shovel-ready sites with power, sewage and road access.
Lease Administration
Ensure that all critical lease terms including sureties, insurance and percentage rents are met for each tenant. Partner with interdepartmental teammates to interpret and explain lease language for informed decision making and ensure that critical dates are abstracted, monitored and communicated. Maintain and assist Real Estate Director with lease database issues, conversions and other functions related to Lease Administration.
While zoning, terrain, region and parcel specifics impact land value, it’s important to cast a wide buyer net. Picky buyers specializing in specific property flavors can restrict your options and slow the process.
Ask potential buyers how they handle closing costs. Some buyers will deduct normal seller closing fees from the final purchase price. A buyer that absorbs these costs eliminates the need for additional cash outlays and ensures you receive the full sales amount. Make sure the buyer also uses a professional title company for transfer documentation and deed recording services. This will protect sellers from legal expense surprises down the road.
Lease Tracking
Streamline lease tracking with a low lift solution that centralizes your data and simplifies your workflow. Easily log important lease details, like rent payments, landlord contacts and renewal deadlines in one place. Automate key activities and keep data accurate with built-in compliance tools.
Whether your property is raw remote or ready-to-build shovel-ready, you can still sell your land for cash. The key is to find an established buyer focused on simplicity. Look for a buyer with experience acquiring land and closing deals. Ask buyers what conveniences they offer throughout the process to streamline your sale and make it worry-free.
Closing costs can add up. Many buyers deduct customary seller closing expenses from your sales net, which eats into your ultimate sales proceeds. Choose a buyer who covers all standard closing fees and costs so you walk away with the full agreed sales price at closing. This protects your interests and maximizes your cash return.
Lease Reporting
Managing multiple lease acquisition projects across various locations can be difficult. Landboss simplifies project management for oil and gas operators, lease brokers and independent landman by organizing lease acquisition data in a single, easy to use platform. It can also save time by streamlining billing and 1099 payroll processes.
Depending on their circumstances, many land owners have priorities that might call for a quick sale. For example, a vacant overgrown property or rural acreage might be tying up capital that could be better utilized elsewhere.
Choosing the right buyer is vital. Reputable established cash buyers focused on simplicity like Land Boss offer a straightforward purchase process tailored to land sellers. Inquire how long it takes them to complete a transaction from initial offer to funded closing. This can help determine whether a buyer prioritizes speed over extensive paperwork requirements, financing contingencies and rigid procedures.