Sell Your Land FAQs

There are many things that you can do to make it more likely to sell your land in a reasonable amount of time. “We Buy Vacant Lots’ is here to work with you in buying your land quickly and hassle-free.

We are able to purchase land in two weeks or less.

No. Although there are many reasons you might choose to hire an attorney or lawyer to help with a land sale, it is not required. Some situations where you may want to use an attorney include inheriting land, dealing with title issues, or selling commercial land which may have more complex sale contracts.

There are many reasons why it can be difficult to sell land on your own.

The market for raw land in the United States is limited and it can often take months or years to sell a land property on your own. The owners in most cases, has to deal with the hassle of taxes, fees, and advertising for years.

If you go through a realtor, you may be disappointed to find that many brokers don’t commit much of their time or resources towards selling land, as it can be more difficult to sell, and commissions are typically lower.

We run an individual title examination (at our expense) on each property we purchase and will determine through our research if any title issues exist. We have years of experience working with complicated title issues and can often find a solution. Each situation is different. We aim to help you through the process and help provide the necessary resources to fix title issues when necessary.

Generally speaking, if you’re selling land for more than you paid for it, you will pay federal taxes on the amount of capital gains. Most people selling land will have owned it for two or more years, so the long-term capital gains tax rate would apply, which is between 0-20% depending on your income bracket. Depending on where you live, some states also tax capital gains. For a list of states that tax capital gains, visit taxfoundation.com.

We can still evaluate your property to see if we can purchase it. Lacking physical access is not typically a problem. This can happen when an easement was created for a road, but the road was never constructed, for example. Lacking legal access can be more of an issue.

An example of this is property that cannot be reached by a road and no easement or right-of-way exists to gain access through another property. Sometimes we can solve these issues by contacting the neighboring land owners or even getting a court action to provide an easement by necessity.

We’re experienced with these issues and can evaluate your property to see if we can find a solution.

Not a problem. At closing, any back property taxes owed will be paid out of the sale price. After closing, we will make all property tax payments as the new owner.

We buy property in HOAs. We’ll just need a copy of the HOA rules (typically called declarations) and if there are any HOA fees due.

Not a problem. Once we sign the purchase contract, we will order a title search which will include finding a copy of the deed that was recorded in your county.

Yes. At closing, the remaining balance of the mortgage will be paid out of the sale price. After closing, you will receive a mortgage release notification from your lender.

We evaluate properties that have liens or that don’t have clear title on a case-by-case basis. Often the attorneys that we work with are able to resolve liens and title issues so that we’re still able to purchase the property., although it can delay the sale process. If we’re not able to purchase a property because of a title issue, we’ll let you know why.

When a family member passes away, most often probate will be required unless the deceased had a living trust or transfer-on-death deed, or if the deceased co-owned the property with someone still living. If probate is required, we can still make you an offer so you know what to expect after the probate process is complete.

Yes, with very limited exceptions. We primarily buy residential and rural land, but we can also buy commercial and industrial land.

No. Although there are many reasons you might choose to hire an attorney or lawyer to help with a land sale, it is not required. Some situations where you may want to use an attorney include inheriting land, dealing with title issues, or selling commercial land which may have more complex sale contracts.

There are many reasons why it can be difficult to sell land on your own.

The market for raw land in the United States is limited and it can often take months or years to sell a land property on your own. The owners in most cases, has to deal with the hassle of taxes, fees, and advertising for years.

If you go through a realtor, you may be disappointed to find that many brokers don’t commit much of their time or resources towards selling land, as it can be more difficult to sell, and commissions are typically lower.

With “We Buy Vacant Lots” there are no listings fees, advertising costs, or other costly hoops to jump through. We make selling land as easy as possible!

Here is a list of the typical costs you’d expect to pay when selling a land property on your own. When you deal directly with “We Buy Vacant Lots”, we’ve got them covered!

– Listing Fees
– Advertising Costs
– Photography costs to create a property listing
– Broker Commissions
– Title and Abstracting Fees
– Escrow Fees
– Deed and document prep fees
– Recording Fees
– Transfer Taxes

We run an individual title examination (at our expense) on each property we purchase and will determine through our research if any title issues exist. We have years of experience working with complicated title issues and can often find a solution. Each situation is different. We aim to help you through the process and help provide the necessary resources to fix title issues when necessary.

Most of our purchases range between 1 to 10 acres, but we will buy a parcel as small as .1 acres in a more urban location all the way up to 100+ acres in a rural location.

We will sign the contract as well and send it to you for your records. We’ll select a title company and pick a mutually agreeable closing date. The title company will prepare the closing documents for you to sign. On the closing date, the sale proceeds are transferred to you and title to the property is transferred to us as the buyers.

You’ll receive the sale proceeds at closing. As the buyers, we send the purchase funds to the title company in advance of the closing and then the title company releases the funds to you at closing once they’ve received all the signed documents.