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Red Barn

FAQs

  • What does a title company do?
    Title companies act as a neutral third party to ensure a safe and smooth real estate transaction. They handle paperwork, ensure both parties meet their obligations, and insure the title against any issues.
  • How long does it take to close a land sale?
    Typically, it takes about 30-45 days to close. This includes the title company's due diligence (7-10 business days), paperwork preparation, and our own property research. This process might take longer if the price of the land is high or there are specific challenges with your property.
  • What happens on the closing day?
    You'll receive a settlement statement outlining the final numbers. A notary will come to you for signing documents, and you can choose how you'd like to receive your payment. Once both parties sign, the title company releases the funds.
  • Why should I sell my land to your company?
    We offer a fast, simple, and hassle-free way to sell your land. We handle all the details and cover closing costs, so you can sell quickly and without any out-of-pocket expenses.
  • What information do you need to make an offer on my land?
    We need the property name as it's listed with the county, your contact information, and the state and county where the property is located. More details help us expedite the process.
  • Why should I sell my land to you instead of doing it myself?
    Selling land yourself can be time-consuming and challenging. You often need to find cash buyers, deal with advertising, and potentially handle owner financing. We offer a hassle-free alternative with no fees or closing costs.
  • What if there are title issues, back taxes, or other complications?
    We handle those! We have experience with resolving title issues and can negotiate or even cover back taxes and dues. You won't have to pay anything out of pocket.
  • What if I don't have a copy of my deed?
    No problem! We can obtain the necessary documents from the county and prepare a new deed for the sale.
  • Do you buy any type of land?
    Yes, we buy residential, rural, commercial, and industrial land with very few exceptions.
  • What happens after I sign the sale contract?
    We'll also sign, send you a copy, and then work with a title company to schedule closing. You'll receive your payment at closing.
  • Will it cost me anything to sell my land to you?
    No, we cover all standard closing costs. You'll only be responsible for property taxes and dues up to the closing date. This will save you thousands of dollars compared to working with a realtor and selling on market.
  • Where do I sign the closing documents?
    You can sign at the title company, your bank, or even at your home with a mobile notary.
  • When will I receive my money?
    You'll receive the sale proceeds at closing.
  • What size land parcels do you buy?
    We buy land parcels of various sizes.
  • What if my property is part of an HOA?
    We purchase land within HOAs.
  • Can I sell my land if I have a mortgage?
    Yes, the mortgage will be paid off from the sale proceeds at closing.
  • What if there's a lien on the property or the title isn't clear?
    We can often work to resolve these issues, but they might delay the sale.
  • What happens if the original owner has died?
    We can work with you through the probate process or, in some cases, even cover the probate costs.
  • Do I need a lawyer to sell my land?
    It's not required, but it can be helpful in situations with title issues, inheritance, or complex sales contracts.
  • Will I have to pay taxes when I sell my land?
    You might have to pay capital gains tax if you sell for more than you paid. This depends on your income and state laws.
  • How long does it typically take to sell land?
    It varies greatly depending on market conditions, location, property features, and pricing. You can research similar properties on sites like Zillow to get an idea.
  • How can I sell my land quickly?
    You can try various marketing efforts like for sale signs, professional photos, online listings, and reaching out to potential buyers. Or, sell to us for a fast and guaranteed sale.
  • How much is my land worth?
    Land value depends on factors like location, size, zoning, and market conditions. Comparing your property to recently sold ones is a good starting point.
  • Can I sell my land without a realtor?
    Yes, many people do! You can handle the marketing and sales process yourself.
  • Why would I use a realtor to sell my land?
    Realtors can handle marketing, negotiations, and paperwork, but they charge a commission.
  • What is the typical real estate commission on land sales?
    Commissions can be as high as 10% of the sale price.
  • How can I find realtors who specialize in selling land?
    Look for realtors with experience in land sales, good marketing materials, and in-depth property descriptions.
  • What websites can I use to sell my land myself?
    Popular options include Facebook, Craigslist, eBay, Zillow, and Land.com.
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