|
|
|
|
|
|
||
Selling Land - Important Seller's Tip #8 The top 5 questions |
|||
|
Here are the five questions land buyers ask most often that can have an effect on land value: Does it have road frontage or a deeded-right-of-way? Buyers want easy and unlimited access to their property. Property without road frontage or deeded access is difficult to sell. Has there been a recent survey? Buyers expect sellers to provide a survey. It is required for title insurance. Buyers also reason that boundary lines should be clearly marked and proven. Will the seller finance? Lenders often require substantial downpayments on large unimproved land tracts making purchases difficult. Owners willing to finance are more likely to sell. Does it have a stream or spring? Water on a property is like magic to buyers, whom picture tumbling mountain streams. Springs can be a pure drinking water source, too. The more water the better. Does it have timber? Marketable timber on a property adds value and can be the determining factor to many buyers. Cutover land is less desirable, and invariably invites a lower price offer. Successfully selling land is greatly influenced by perceived land value, which in turn is affected by factors such as whether road frontage exists, among other things. |
|
|