How to Sell a Vacant Lot By Owner
Depending on how much free time you have available, and how much effort you want to put in, you can sell your vacant lot by owner. Often referred to as FSBO, selling any type of property ‘by owner’ comes with many advantages. You have utter and complete control over the sale of the property. Did I say that was an advantage? Like I mentioned, when you are preparing to sell your vacant lot, you may view having complete control as a disadvantage. The sole responsibility of getting the vacant lot sold depends on you, your preparations, your efforts, your negotiating skills, and your organization. Sounds scary to some, and exciting to others. In any case, there are countless vacant lots in Philadelphia, especially in North Philly, that are very small in size. This can sometimes mean they require less work to sell them. Here is a quick list of things that you don’t have to worry about when it comes to selling a vacant lot:
- Open house
- Interior cleaning
- Professional photos
- Formal showings
Selling vacant lots that are smaller in size are typically much less maintenance when it comes to the actual sales part of it. Often, when vacant lots in Philadelphia are listed on the MLS, there is only one photo, which is usually a screenshot from Google Maps. The dimensions of a vacant lot are easily searchable online. There is no open house required, and buyers can drive by the vacant lot at any time without scheduling a property showing. Can it get any easier? It is important to note that selling a vacant lot by owner still requires you to handle the negotiation, paperwork, and full facilitation of the sale.
There are other alternative ways to sell your property, including listing it with a realtor. This option requires much less work from you the landowner but does typically require you to pay the realtor a percentage or flat fee for the real estate services. There are plenty of options when wondering what can I do with my vacant lot in Philadelphia. Consider both how much time and effort you can afford to invest in the selling it for sale by owner.