elling land or small lots? go. I raked out this area, and
Would you like to get more even spent a few minutes leveling
for your property and sell it with a shovel. When I was
it faster? Then there are three done, a car could easily pull in.
important things you should do.
Perhaps real estate investors can
My very first piece of real see beyond the piles of old
estate was two-and-a-half acres stumps, the garbage on the ground
adjoining some state land in or the rusty fence. They may
northern Michigan. I paid $3,500 imagine what the property will
for it. Land was cheap back then. look like. However, do you want
I sold it for $4,750 just two to limit your market to those who
weeks later. I'm convinced that have good imaginations? Why not
selling land so easily, and for help potential buyers see the
35% more than I paid, was due to properties potential. All it took
three things. in this case was a few hours, and
even if you pay someone to do
Prepare The Land these things it will be worth it.
I carried the broken branches off Mark The Property Lines
to a corner of the property, out
of sight. I put together a simple When I was first looking at land
wooden bench from used lumber, to buy, I clearly remember that
and set it up overlooking a if I wasn't clear what the
valley behind the property. I boundaries were on a piece of
raked leaves away from the front land, I often just dropped it
of the property. Finally, I took from my list. Are those bushes on
several logs that were laying on the land, or is that gully?
the land and arranged them as Sorry, but I can't visualize from
borders where a driveway might a legal description, and I am
certain that others have the same
problem too. Sell Land With Financing
Selling my own land, I resolved The secret to getting that 35%
this issue by finding the corner bump in value in two weeks wasn't
markers in the ground. Two sides just the afternoon I spent
of the land were along roads, but preparing and marking the land.
it was hard to see where the It was also the way I sold it. My
other two property lines were. I hand-painted sign said "For Sale:
cut thirty sticks and, using my 2.5 acres. $4,750, $250 down,
own crude surveying tool, tapped $100 per month." The couple who
them into the ground along the bought the land thought it was
lines and quickly spray-painted overpriced. Of course, they also
the tops white. I put them fell in love with it and paid my
several feet inside the lines, full asking price. What choice
just to be safe. I also let the did they have with only a few
buyer know these were not hundred dollars in their bank
official survey markers. account?
The purpose is clear. I wasn't Offer financing when you sell (if
there when the buyer walked the you can). It's the single easiest
land, yet he clearly could see way to add value, and get a
the markers, and he knew what he higher price. In fact, you can
was buying. It took me a couple make money just buying lots,
hours. You could do it faster marking them up 25% and selling
with sting, perhaps, with little them on easy terms. A house sold
flags tied to it. On a larger this way can be trashed and worth
piece of land, pay for a survey, less if you have to take it back,
and let the surveyor know you but land is safer. Also, selling
want the markings to be obvious. land this way means you can get
11% interest on the balance, as I
did in this case.
About the Author:
Copyright Steve Gillman. For a Free Real Estate Investing Course, visit: http://www.HousesUnderFiftyThousand.com
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Steve Gillman
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