Selling Rural Land and House

[QRTRHRS]

Are you planning on marketing the property yourself or with an agency? If you have not been already, you need to be following the listings in your area to see what the places look like and the asking prices. If you do go with an agency, go with one that really does know how to market your type of property. Find out what percentage the agencies are getting. Many agencies are using drones to get some really good areal footage, a good reason for a clean operation. Do not allow any agency to push you after they have invested time in the listing as in, we get X% and Xlength of contract for X county. For example, the norm I have seen is usually around 6%/6months. (negotiable) After all of the videos, photos, measuring, discussion, paperwork, etc will pressure you for say 7%.

 

[txdon]

Are you planning on marketing the property yourself or with an agency? If you have not been already, you need to be following the listings in your area to see what the places look like and the asking prices. If you do go with an agency, go with one that really does know how to market your type of property. Find out what percentage the agencies are getting. Many agencies are using drones to get some really good areal footage, a good reason for a clean operation. Do not allow any agency to push you after they have invested time in the listing as in, we get X% and Xlength of contract for X county. For example, the norm I have seen is usually around 6%/6months. (negotiable) After all of the videos, photos, measuring, discussion, paperwork, etc will pressure you for say 7%.

Thanks for the info, I'll probably go with an agency that markets to Austin, Houston and California. The norm around here is also 6% and 6 mo.

 

[Kyle_in_Tex]

Don, I know a trustworthy realtor here in town if you need advice.

 

[txdon]

Don, I know a trustworthy realtor here in town if you need advice.

I know some too but don't know how they will market outside this area. PM me your contact. I still have a lot to do to the place before it's ready so maybe Spring time. I just want to do the things on the list or other things that really matter to most people. I have to leave some of the fun for the next owner, just don't want them to be overwhelmed.

 

[two_bit_score]

Well, Don, you already have a nice entrance.

 

[bcp]

Don, no disrespect and to each their own, but if it we're me, I would be looking for improved pastures. But that's me. Someone else may love the natural look.

If you clear it, the "natural look" buyer will see years of waiting. If you leave it natural, the "farmer" buyer will see a few days to get it into shape.

Bruce

 

[kenmac]

I can say that places around here for sale are slim to none. Most times, the seller can get by without doing much of anything to the property before it's sold.

I don't know how it is there,but here, if you make too many demands the seller do something to house,or property, the seller will move on to the next buyer.

 

[Tractor Seabee]

I just went through the downsizing selling and buying process. My realtor advised we do the minimum possible on our salable property, 21 AC mostly growing forest. It has been a sellers market around here for a couple years, that is the key on what you have to do to get your price. We sold within 3 weeks at full offer, solid sale and no work order. Then the problem of buying in this market. Made several offers that got eclipsed by higher offers, above asking price. We compromised after battling at an apartment complex with 400 units. Our over list offer was accepted and we were expecting some obvious repairs after inspection. Seller said take it or leave it after replacing the dangerous electrical panel. The electrician held him up for double price when he needed it done right away instead of waiting 3 months on their backlogged schedule. He found in this hot market that all good repair contractors have a huge backlog of work. You don't want to hire those who don't.

Bottom line check the market, as that will tell you what you have to do to get property sold, also your target buyers affect that. A lot of urban dwellers are moving to the country and have no clue about these things. Here we call them gentleman farmers/ranchers. The get wised of fast. Solid farm country folks don't care what the grounds look like, just is ability to support what the intend to do. City folks will but into a wet land, rural folks won't even look unless real cheap.

Ron

 

[riptides]

Presentation is everything. Surprised that normal painting and conditioning of house, buildings and barns is not mentioned. Most people view land as just that - a nice view.

 

[dodge man]

A couple of thoughts. I am a land surveyor and in my area it’s rare a survey is required and if you know where the corners are and can flag them up, that’s good enough for me.

Well and septic. Will they pass an inspection? Banks in my area require it on a loan. If they have to foreclose they want to make sure it can be occupied.

The tips on that list? It comes down to a few words, make sure the place doesn’t look junky. When we bought our place the one regret I have is not making the previous owner clean up junk. It wasn’t bad, it seemed like just a little bit but after I hauled out the 5th pick up load of crap it seemed like a lot.