Do you have land that you’re looking to sell in Nebraska? You need to understand the differences between selling land and selling houses and what challenges you might need to be prepared for along the way.
When you’re trying to sell a house in Nebraska you’re going to run into some roadblocks, but there’s a fairly well-known path to walk, whether you decide to sell your Nebraska house on the open market or sell it as-is for cash to a real estate investor. However, if you’re trying to sell undeveloped land or vacant lots in Nebraska, you could be stepping into a process that you don’t know that much about. Selling land can present a whole host of challenges, especially if you’ve never done it before or don’t understand how the process works in Nebraska. It’s critical to understand how to reach land buyers, a very different type of group than homebuyers. So even if you’re a seasoned home seller, you might need to brush up on some facts before attempting to sell land. So let’s take a look at some tips and advice for anyone selling land in Nebraska.
How To Make Selling Land In Nebraska Work
Know What Land Buyers Are Looking For
Probably the most important thing you will want to do when selling land in Nebraska is take a moment to make sure you understand the type of buyers you are dealing with and what motivates them. If you’re selling a house, you’re probably looking for buyers who want to move in right now and are very motivated to find a place that’s ready to live in. Land buyers are more interested in the potential of a property. They’re looking for locations that make sense for their development plans or future house ideas. They’re thinking about the best places to put a business, a farm, or some other venture. So it’s not just about the land, it’s about the idea behind the land.
The other thing to remember is that while the market for land and vacant lots in Nebraska can be competitive like the housing market, it works in different ways. There is a lot less inventory, which can make a lot of buyers come out of the woodworks. But depending on the potential of your land, that could end up being held against it, especially if it doesn’t match up with the vision in buyers’ heads. So you might need to have a lot more patience if you’re planning to sell land on the open market in Nebraska.
Know Who Land Buyers Are
If you want to sell land in Nebraska to market buyers, you need to understand who your potential buyers are and what they might want. The specific profile of your market buyer is going to depend on a few things. What type of land or lot are you selling? Is there anything special about the land’s location or offerings? Is there any previous development on the land? How close is the land to other businesses or towns? When you know the answers to these questions, you’ll be able to tell a story that speaks to specific buyers.
Your land isn’t going to appeal to all buyers so you need to figure out how to identify those who will be interested. Based on the kind of property you have, you might be looking for a buyer who wants to build a house or you might be looking to attract a developer. You might even be looking to attract a combination of the two. Or perhaps you’re looking for someone who wants to buy empty land and figure out their plans afterward. Your land may present certain unique features or challenges that make it more interesting to a certain buyer.
Prep The Vacant Land For Sale
We know that you have a better chance of selling a house on the open market if you have good curb appeal, and the same thing applies to land, just in a different way. There’s only so much you can do to “pretty up” vacant land but there are ways to make it more presentable. If someone drives up and all they see is trash on the ground and overgrown weeds blocking the views, they’re very unlikely to be interested. At the very least, make the land as nice as it can look from the nearby roads and entrances. Consider hiring a professional photographer to come in and give the land the best look possible. They’ll understand how to use light and angles to showcase the land in the best way possible. It’ll cost you but it should be worth it.
Another way to prep the land is to get a survey done before listing. Make sure you mark the property boundaries accordingly. If you’re going to present home lots on the land, show setbacks on the survey. Buyers will appreciate having this information and it makes it easier for them to visualize the property for a potential sale.
Price The Vacant Land Accordingly
Same as with houses, how you price your land in Nebraska can make a huge difference between selling quickly and not being able to sell for months on end. Pricing your land poorly is one of the biggest mistakes Nebraska landowners can make. Pricing the land too high will scare off potential buyers while pricing the land too low will just make everyone wonder what the problem is.
How do you know what to price your land at? It’s easy to find comparable price points when you’re selling a house. Land, however, usually has less comparable sales to gather insight from. It’s unlikely there are many pieces of land just like yours, let alone ones that have sold recently. You also have to consider how the buyer may plan to sell the developed land eventually. The price they pay for the land will have to be factored into their ideas.
Consider what you need when planning how to price the land. If you need to sell the land quickly, figure out what seems to be a reasonable price, and then go slightly lower. If you’ve got more time to work with, you can go slightly higher and assume that negotiations will bring things back around. Either way, make sure you understand the local market and consider speaking with local experts on the matter. Look for people who have sold land properties for some guidance.
Sell The Vacant Land As-Is To a Cash Buyer
As you can see, there are a lot of hoops to jump through to sell land in Nebraska. You have to do a lot to prepare the land, market it, and find a potential buyer willing to meet you at your price. And even then things might not work out as intended. You can do everything correctly and still not find a buyer, which can be frustrating.
Another option is to skip all the hassle and sell the vacant land directly to a cash buyer like Element Homebuyers. The name might say homebuying, but we will buy vacant land and lots from you as well. Plus, we’ll buy the land as-is and we will pay cash for your Nebraska land.
All you need to do is reach out to us today about the property. We’ll assess the land and make you a fair cash offer with no obligation. If you accept the offer, we’ll pay you cash and take over ownership. The best part is that you don’t need to even bother cleaning up, prepping the land, or doing anything other than presenting the land as-is.