Simply consulting with a real estate broker who specializes in vacant land can save you a lot of stress and possibly money. They can inform you of the proper steps to take when listing your property on the market and the best strategies to get it sold.
If one of the owners is deceased, you inherited the land, are a trustee or the land is in the name of a corporation, you will need to provide specific documents to the title company in order to close.
It may be tempting to “test the market”, but you’ll discover that the market will test you. There are two primary reasons why land sits on the market for an extended period of time. First, there are plenty of lots available. Second, the lot is overpriced. Marketing is also a major factor, but price is critical.
The longer a property sits on the market, the less it can sell for.
Call, text or e-mail a knowledgeable real estate broker experienced with land in Rio Rancho. We are available to answer any questions that you have.