If you’re holding onto vacant land in New Mexico that isn’t serving its purpose – whether because it’s costly to maintain, you’re paying annual property taxes you don’t need or it just sits and rots, the time may be right to sell. The process is typically simpler than you might think – and it doesn’t involve the expense of listing your property with a real estate agent and dealing with countless viewings, buyer inquiries, appraisals, inspections and other time-consuming tasks that slow down a sale. Dow Land is a local land buyer that offers fast, easy, free and transparent transactions for New Mexico property owners who want to get rid of their unwanted properties.
The traditional land selling process can take months to years navigating the complexities of real estate law, land appraisals and contracts. Sellers can work with a professional Realtor, who has the expertise to market their property in MLS listings and online marketplaces. The process requires thorough evaluation of the property’s attributes including location, acreage size, terrain, road access, views and utilities availability for determining an appropriate asking price.
Alternatively, sellers can choose to go it alone, listing their property Fast Cash for New Mexico Land in a local newspaper classified section and posting their listing on sites like Craigslist and Facebook Marketplace. The FSBO route entails more research and effort, but it may be worth it for a lower commission rate when selling a New Mexico parcel.
Another option is to seek out a cash buyer who specializes in purchasing New Mexico land. Reputable land investors buy properties proactively and often at discounted pricing compared to current market value, simplifying closing with quick funds and eliminating financing contingencies that can derail deals.
A cash purchase gives buyers full ownership and control of the land, freedom in how it can be developed – either for commercial endeavors, residential living or recreational activities. And, since the cash buyer doesn’t require bank approvals and loans, they can close quickly – usually in less than 30 days.
With the proper research and preparation, selling a New Mexico land property independent of a Realtor can be done in as little as 30 days. To maximize your chances of a successful independent sale, be sure to thoroughly assess the property’s attributes and invest time and effort into making it show ready through cleanup and repairs. Also, don’t forget to network locally – your friends, family and neighbors may know someone looking for a property just like yours. This is especially helpful if you’re selling land in a rural area with limited real estate broker or Realtor representation. Then, once you’ve accepted an offer, you can proceed to the final closing which formally transfers deed ownership. Closing typically occurs at a title company which handles all monetary transactions and records the change in deed ownership as part of public land records. Once the ink dries on the sales contract, the remaining sale proceeds get deposited into your account.