What is the best step by step instructions for selling a 1/2 acre lot,without going threw a REALTOR?

Answer 1

Is it located in a development or out in the country away from people? In either case, consistent advertising in as many places as you can is rule number one. A sign on the property that lists a way to contact you is a must. But to get the best price in the shortest amount of time, you will need to inform the most people that it is for sale. Use print media, the internet, bulletin boards in business establishments.

Make sure your advertising has a picture of the property, hopefully one that shows the property's best feature(s). People are attracted to ads that have pictures, especially color pictures.

There is no magic bullet to sell property. Even realtors who have systems in place to aid in the sale, such as the multiple listing service and publications and web sites devoted to selling real estate, have a difficult time selling some properties. But to give you the best chance on selling, make sure you price the property correctly or else the market will ignore it. And make sure you can be reached 24 hrs a day, 7 days a week.

If you get an offer, be ready to negotiate, as a buyer most likely will not offer you your asking price. To negotiate successfully, you have to take the emotion out of the process. Know what your rock bottom price before negotiating.

Before accepting an offer, make sure the contract protects your interests fully. Make sure the person writing the offer can do so legally. If you live in a state that gives equal say to the spouse, the spouse needs to sign also. Make sure all signatures are accompanied by dates.

Accept an offer only after you are satisfied the buyer can get a loan. And make sure the lender is credible and not likely to declare bankrupsy before the deal closes.

As the seller, you are the one who must pick the closing/title company. Pick a reputable one. The closing company will research the title and discover any liens, restrictions, easements, and convenents. The title company will, depending where you live, produce all documents, pay all bills from the proceeds of the sale, and record the instruments signed. The lender will produce all lender documents. Of course, you can use a lawyer.

Answer 2

Land is becoming VERY challenging and in my area there is a ton of litigation regarding land. Some Realtors are not taking land listings because it is becoming so problematic. But in Oregon, there is a bunch of land use rules that even the people that enforce them don't seem to have a handle on.

Do what a Realtor would do, market the property. But know chapter and verse what you have, what it is zoned for, what is on and not on it. Have all sorts of AS IS stuff written into your contract so if an ancient underground tank you knew nothing about appears during an excavation, you are not on the hook.

Answer 3

Do the same things a real estate agent would do. Advertise the property for sale, including a sign on the property itself, with information as to how to contact you.

Wait for an offer to purchase, and then contact a qualified attorney for guidance through the offer to purchase. If you do not have qualified legal advice, you could set yourself up for a miserable legal tangle.