Do you have questions about how to sell your vacant land?
Great! Here are answers to common questions.
If you have additional questions that aren’t listed here, you can send us a message using this form, or give us a call:(425) 998-9703, or voice message only at (360) 329-2843
Q: Do you pay fair prices for land?
A: Yes. The prices we pay are fair and a win-win for both parties. We do not pay retail, however, that cost can be made up when you factor in the fact that we charge ZERO in commissions, plus we pick up all associated administrative and closing costs. In addition, we close very quickly (typically one to two weeks) because we are paying in cash. This saves you money by shortening the period of time in which you are responsible for taxes, assessments, and maintenance of the property. Remember, the land market is very slow, selling the traditional way, and using a realtor to find a buyer can take months if not longer. Costs incurred over this time can add up fast. Before binding yourself to a realtor, get our offer and run the numbers for yourself. There is zero obligation.
Q: How do you determine how much to offer for a parcel of land?
A: Our process is very clear and straight forward. We look at what other properties are selling for, and what the market suggests they will do in the future. We take out what was paid in commission and fees on these comparable properties to get a price on which we base our offer. In addition we calculate the market there is for land of this type and the amount of marketing resources we’ll need to put into the transaction to re-sell your property to an end buyer. Finally is our profit. We earn a fair profit for this service and want you to walk away knowing that you reached your goals. When you get an offer from Sanctuary Abode, we will fully explain how we have come up with it.
Q: Are there ANY hidden costs or fees?
A: Never. Not a dime. What we offer you is what you will take home.
Q: What makes you different from an agent?
A: We are direct buyers. We buy land that is not being used in an effort to help it see it’s greatest potential. Let’s say a lot is located in suburbia. We will hopefully resell the lot to someone who is just waiting to build their dream house on it. Our goal is to help property owners feel elated by their real estate decisions. If you do have a piece of land that is doing nothing for you, maybe we can help you with the cash to find something better suited for YOUR needs.
Real estate agents list properties (often at inflated prices) in hopes that someone will buy them, and they will get their hefty commission. You will have to sign a contract, binding you to them for a certain amount of time. You will owe them their commission no matter how the property is sold, even if you find the buyer yourself.
Q: What if the property has delinquent property taxes?
A: After verifying the current balance due to the county, if they are a reasonable amount, we will take care of them as part of the closing process that transfers title to us. Our goal is to take care of all fees and costs associated with purchasing the property, and it is not uncommon for their to be taxes owed on the properties we purchase.
Q: I have an inherited property, how do we move forward?
A: If the property has been probated and the deed reflects this, we are set to move forward. Same is true if you are the trustee of a trust, or if you are the executor of an estate. We will give you direction where we can on these types of situations involving title status.
Q: I was thinking of just listing with an agent, what are the advantages of selling to you?
- We bring value in the form of speed and a no-hassle transaction. Agents list, they do not buy.
- We focus on your property alone, whereas an agent will have your property listing competing for their attention with their other listings.
- We don’t have to be concerned about the lower commissions that land generate (and do not need to elevate the commission percentage)
- We understand that land is more illiquid than a home, but that is all we do, so we do not compare it to dealing with a home.
- We pay all the costs (including escrow, title, recording, transfer fees, and notary). An agent will not pay these, and they add additional expense in the form of commissions as well.
- You skip all the above and just collect a check, and quickly.
Q: If I Get An Offer, Is There an Obligation?
A: There is never any obligation or hassle. Once you tell us a little about your property we will then study the market and comparable properties. Within 48 house we will have an offer for you. It is completely up to you if you decide to sell or not. There is no risk, obligation or hassle.