What To Do If You Can’t Sell Your Land on the MLS in Florida

From the video:

Need to sell your lot in Florida? Tired of waiting for the right buyer to walk through the door? When a property lingers on the MLS it can send a signal to buyers that there is something wrong with the property, or it would not have been sitting on the market for so long.

At the time of writing this article, there are over 48,000 lots for sale in Florida on realtor.com. How is one property supposed to stand out? It can be really discouraging to list on the MLS when there is so much competition, and you really just need your Florida property sold.

Should you find yourself in this predicament, identifying and resolving the problem is the key to getting your property sold. Here are some things you can do if you can’t sell your land on the MLS in Florida.

Lower Price

Reassessing your asking price is one move you can make if you can’t sell your lot on the MLS in Florida. If your land is overpriced, no matter what other fixes you may try, this issue cannot be overcome without a change.

Emotional attachments can add a significance and value to our own property that others simply cannot appreciate. Comparing properties in order to determine the right asking price can be difficult for a novice.

This is why it is extremely important to do your own review of the listing price of current lots similar to yours on the market, as well as what they have been selling for.

While it can be costly, a professional appraiser can help you and should be happy to answer any questions you may have about how they came to their determination. Per Rocket Mortgage, you can expect a professional appraiser to cost upwards of $400, and if the plot of land is large, the cost could be much more than that because the appraiser has to survey the land and verify the size and boundaries.

FSBO

Selling your land as an FSBO, or for sale by owner, is another option if you can’t sell your house on the MLS in Florida. Buyers prefer to purchase lots that don’t require any work, easily imagining enjoying the convenience and comfort of their own space, and they are willing to pay more for this convenience.

If your strategy is to save money by not cleaning up or improving the property, this could be another problem that you may need to rectify to attract more buyers.

If you do improve your property, you will need to look into the costs for:

• surveying the land
• building a fence around the property line
• adding boundary marks
• removing trash, debris, or old structures
• clearing trees or removing any fire damaged plants
• getting professional pictures of the property

Beware that these costs can quickly add up, and could take up a lot of your own time to see to completion.

Repair

Making necessary repairs is another thing to do if you can’t sell your property on the MLS in Florida. Selling your lot in the traditional method of listing, either on your own or with an agent means fixing any issues out of pocket before the property closes.

This could include thousands of dollars in repairs, depending on what problems are discovered by the title company.

Have a professional in that industry, such as a surveyor or septic engineer, give you a reliable estimate. You will want to be certain to invest the time to make yourself fully aware of all local, state, and federal laws governing disclosure when conducting the sale of real estate either on your own or through an agent. Sadly, you could face legal ramifications, even if you were unaware of a problem with your property before the sale.

Important note: It’s costly to sell your Florida land through a realtor. You’ll have to pay 10-20% commissions and marketing fees, and it’s not a guarantee that the realtor will see the property for you.

You could end up spending the money on repairs, improvements, and title issues, and then the realtor can’t even sell the property – and you’re still stuck with it and now you’re out money!

The Easiest Solution…

What if there was one simple step to take when you can’t sell your lot on the MLS in Florida? The solution is a direct sale to Buy Your Land for Cash! If you would rather save your time and money while skipping all of the headaches and expenses of listing yourself or with a real estate agent, Buy Your Land for Cash is here to help.

With Buy Your Land for Cash buying your property as-is, our vast experience means understanding the risks and expenses involved.

With Buy Your Land for Cash your closing date is quick and guaranteed. Why not just sell directly to Buy Your Land for Cash? Call (313) 307-6737 or send us a message today!

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