The Quick Sale of Maine Land with Land Boss
There is a lot to be said for selling land for cash. You can avoid many of the headaches that come with hiring a Realtor, taking out MLS listings, buying advertisements, seeking interested parties, giving land tours, waiting for bids, and finally closing a deal. With a cash offer from us, there are only two steps: fill out an online survey and accept or decline a land offer. The process is free of charge and no obligation.
It can take months or years to sell a property Quick Sale of Maine Land with Land Boss by owner, or through a real estate agent. Especially, when you’re dealing with raw, rural land. This is due to a combination of factors, including low demand from retail buyers, the slow process of obtaining a mortgage approval, and the challenges of locating and contracting with suitable Maine land buyers.
In fact, according to this Prycd chart, it takes an average of 265 days to sell a parcel of land in rural Arizona, and even longer for raw, rural land in other states. So, if you’re looking to sell your Maine land quickly, you should definitely consider going the route of a cash offer from a reliable buyer such as Land Boss.
Many times, a land owner will provide owner financing to the buyer to help close a deal. The advantage of seller financing is that the borrower can make a large down payment upfront, and then chip away at the remaining loan balance on a monthly basis over time. It’s important that the borrower keep track of their amortization schedule and stay current with their payments. If the buyer misses one or more payments, it’s critical to discuss with a legal beagle who is familiar with land sales and owner financing.
Other reasons for selling Maine land with owner financing are a divorce, relocation of the family to a new location, or inherited the land and want to turn it into a lucrative business. It’s also important to keep in mind that the owner financed mortgage and promissory note will have plenty of restrictions on what can and cannot be done on the property. For example, it’s generally not a good idea to cut down trees or commit waste on the property while there is an active mortgage in place.
Bart, co-founder of Land Boss with his wife Dallas Waldon, has over a decade of experience in the land investment industry. He and his team specialize in purchasing vacant, raw land for cash, so they can quickly and easily turn it into a profit for their clients. They can help you buy or sell land in all locations, sizes and price ranges. Contact them today to see if they have a land for sale that fits your needs. They are available for consultations 7 days a week. You can find their contact information here. Also, check out their website to view a variety of Maine properties for sale.