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Response to how to sell land?

from Ed Copp (edcopp@yahoo.com)
Sarah, I am a real estate broker in Ohio, but not licensed in PA. however it has been my experience that the number one reason that property does not sell in a reasonable length of time is that it is overpriced. So if that is the case you know how to fix it. The number two reason is usually that the folks who are interested do not know that it is for sale. An example would listing homestead type property with a broker who normally sold newer homes in the city. He or she may not have the right type of prospects to make the sale.

As has been mentioned in another post, to offer financing is a very good way to get the property sold. Often a property will be sold even if it is a little overpriced, if the seller is willing to take payments, with a small or no down payment. You might mention these ideas to your agent. Let us know of the results, and be patient.

In the process of the seller carrying the financing, a note (or other debt instrument) is created. It is sometimes possible to sell this note, at a discount; for cash shortly after the sale is made. This may provide another option for you.

(posted 9530 days ago)

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