You may be asking yourself, “How do I sell my land in Oklahoma?” Well, you have a couple of choices!
In this post, we’ll outline a few of your options, helping you solidify which choice is best for you.
Hire an agent.
The most common way to sell your land is through a real estate agent.
Agents will list your property on the Multiple Listing Service, or MLS, and other real estate agents will see it. Hopefully, you can find a match there.
The agent you hire will help you find buyers for it, negotiate on your behalf and help you with the paperwork.
Just keep in mind that you’ll have to pay anywhere from 3%-6% commission on the sale of the land.
Also, with an agent, just make sure that they understand how to sell land. You’ll quickly learn that a lot of real estate agents aren’t truly “experts” in buying and selling land.
Before you hire them, ask them a few questions like:
- What do you think this land will sell for?
- How many similar plots have you sold?
- Do you already know people who’d be interested in land?
Also remember that not everyone wants to buy land. Some folks want to buy a house with land, so just set your expectations when selling raw land on the market.
Sell it on your own.
Another option is to sell it yourself.
This step has gotten a whole lot easier thanks to Facebook Marketplace and sites like Craigslist. Just make sure to get some great photos!
I know this sounds like common sense, but high-quality photos will generate more interest.
For example, we recently sold a four-acre plot. Our drone photos made a huge difference in how quickly we sold the property.
Since you’re selling it yourself, make sure you price it realistically. Often when we sell something on our own, we tend to overestimate its value.
Trust me, I’ve been there.
You do the same work as the agent and are able to save the commission that you’d have to pay the agent, ultimately pocketing a little more cash than if you sold the traditional way.
But many of the same problems exist here, too: Land sellers who choose to sell themselves soon find that there really aren’t a lot of vacant land buyers out there.
The average person just doesn’t buy vacant land.
Sell it to an investor.
Here’s the third option – and the option that most people aren’t even aware of. Instead of listing your property (either through an agent or on your own), you can simply sell it directly to a land-buying company like McKinnon.
Selling this way allows you to quickly dispose of your land, put money in your pocket and still avoid paying commissions that you’d normally pay to an agent.
Also, sometimes the land might have a property that is rough and probably won’t be easy to sell.
Although few sellers are even aware that this option exists, they’re pleasantly surprised at how quick and easy it is to sell their land once they learn about it.
The good news? You have options to sell your land in Oklahoma! You can enlist the help of an agent, sell the property on your own or talk to an investor/agent hybrid like us.
Are you wondering “how to sell my land in Oklahoma” Get in touch with us today! Click here to fill out the form or call 405-300-5817 to speak with our team.