How would you sell 40 acres of land?

Silas Hart

14 years ago

What kind of land?

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dannyadams

Banned 14 years ago

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Matt Morgan 14 years ago

I have seen properly and land for sale on ebay before.
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TheSalesTechnician

14 years ago

its in sumrall Mississippi.

This land would easily sell for 200-250k if I let it sit on the market for 6 more months but I need the money. Ive went down to 150k.

Land is appraised in this area for 5k+ an acre

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Bill Farnham

14 years ago

Originally Posted by TheSalesTechnician

its in sumrall Mississippi.

This land would easily sell for 200-250k if I let it sit on the market for 6 more months but I need the money. Ive went down to 150k.

Land is appraised in this area for 5k+ an acre

Coupla things...the larger the piece of land the lower dollars per acre you'll get (generally speaking). So the 5K per acre may be optimistic, although doable.

If you know what you want to net, and you know what the market price is, and you are pricing it under market, that leaves a lot of money to offer a RE broker to handle the deal.

If you do the math, offering a RE broker a 10% commission (minimum), and keeping your asking price well below market may be enough to get someone off there butt and start making calls.

So if you think top of the market is $200K and you list it for 10% under that @ $180K with a RE commission of $27K (15%) your net will be in the neighborhood of $150K allowing for $3K in closing costs on your side.

By asking $150K you'll end up with a significantly lower net and you won't generate any buzz in the RE community. Right now those agents are no doubt praying for a chance at selling something with a high commission.

Using 6% to the listing agent with 9% to the selling agent may move your property.

Or you could carry some short term paper with a sizable down at something like 4% for 5 years. I don't know your numbers, but you can massage them to fit your situation.

And of course you'll have a killer website set up to market the property.

~Bill

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TallyDon

14 years ago

Sell with 'WHY', if you cant sell what sell with why. Why should I buy your 40 acers of land? You can advertise with what it is or with what you can do with it, but you can also tell a bit history of the land or something or find a reason WHY someone should buy it,

you can sell it on craigslist or you can find land owners

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Dean Shainin

14 years ago

I purchased 28 Acres along a creek that I found in what I call "rags". You know those little newspapers that are free and you find in little stands. The guy wanted $69,500 and I got it for $54,000.

To this day I still comb those little rags looking just in case something pops up...

Cheers,
Dean

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TheSalesTechnician

14 years ago

Originally Posted by Dean Shainin

I purchased 28 Acres along a creek that I found in what I call "rags". You know those little newspapers that are free and you find in little stands. The guy wanted $69,500 and I got it for $54,000.

To this day I still comb those little rags looking just in case something pops up...

Cheers,
Dean

tried the rags. got 0 leads

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Dean Shainin 14 years ago

Originally Posted by TheSalesTechnician

tried the rags. got 0 leads

Can you split the land up into smaller parcels?
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Caleb Spilchen

14 years ago

Well, if you can't get a realtor to sell it... Hmm. What about the online classified sites? The internet is a HUGE Market, would that be a way to cut into that pizza pie?

I've never sold property - but that's just my thought. I hope it is an OK idea, for you. Just throwing it out there.

Caleb Spilchen.

P.S. Ebay sells land? WOW

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Jacer

14 years ago

You could turn the tables, and instead of offering land, offer an opportunity for someone to make money. Offer a short term option for someone to lock in the low price, and the ability to turn a quick profit. I would write something up, then hit as many REO investment meetings, clubs, forums, etc. Get someone with a fire to make $50k, sell them like a 90 day option for $5k, and then watch the fireworks. Heck, if it doesn't work, you made $5k.

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WilliamBerg 14 years ago

4% seems very low to sell the land I know that is less than we charge.

An alternativ if you can not sell it is to raffle it away. By selling lottory tickets with the land as the first price on can often earn more money than one ever would just selling the land and it is a lot easier to sell the lottery tickets than the property. Just check local laws before you do anything.
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Goatboy

14 years ago

One thing you have to consider is that the local market may be either too depressed to produce buyers for the property, or there may be an oversupply of acreage parcels for the number of available buyers.

There are a number of markets in the US right now that are in this situation, and more than a few of these are dealing in properties that are higher priced.

Real estate holds its value only when people want to buy it. When there are no buyers value rapidly goes down. This is standard supply and demand, an oversupply and low demand will cause prices to fall.

Steve

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mr2monster

14 years ago

I'm pretty sure he offered a buyer agent 4% (1% more than they would normally get) since his land is listed FSBO (For sale by owner).

In a standard transaction real estate fees are 6%

3% of that goes to the listing agent (selling agent).
3% of that goes to the buyers agent
(minus whatever their broker charges them)

By offering 4% to the buyer agent, he's actually offering 1% extra for someone to bring him a buyer.

Just thought I'd clear that up since people seem to be thinking 4% is low, when in fact it's above the average.

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D_M_S

14 years ago

FSBO is never a good idea. Get off the dime and hire an agent to represent you and your land.

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Recession_Proof

14 years ago

I wouldn't sell it. I would hold on to it as long as I could.

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Jagged

14 years ago

Raffle it off...it's done all the time. Look into your local / state laws first but I see these raffles a lot....tickets for $100 each, get a minimum of 2500 tickets...that will cover your expected sale value.....better yet, see if your local / state laws will allow this but get 3000-3500 tickets....set a "top out price" for your end...say 250,000....anything sold above that goes to charity of your choice....

**$100 gets you a chance at 40 prime acres of land in beautiful Sumrall Mississippi**

Post in local papers & real estate mags, submit local press releases...I bet the local press would jump on this big time...especially if it's tied into a charity....eBay has these real estate raffles a lot & most do very well with them......just have to make sure all the legal bases are covered...

Hold the drawing live on the local 6pm news or in the lobby of the local newspaper....

Thinking outside of the box could pay off nicely for you....
Just a thought...

Best of luck with this...
~Ken

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mr2monster

14 years ago

Originally Posted by Jagged

Raffle it off...it's done all the time. Look into your local / state laws first but I see these raffles a lot....tickets for $100 each, get a minimum of 2500 tickets...that will cover your expected sale value.....better yet, see if your local / state laws will allow this but get 3000-3500 tickets....set a "top out price" for your end...say 250,000....anything sold above that goes to charity of your choice....

**$100 gets you a chance at 40 prime acres of land in beautiful Sumrall Mississippi**

Post in local papers & real estate mags, submit local press releases...I bet the local press would jump on this big time...especially if it's tied into a charity....eBay has these real estate raffles a lot & most do very well with them......just have to make sure all the legal bases are covered...

Hold the drawing live on the local 6pm news or in the lobby of the local newspaper....

Thinking outside of the box could pay off nicely for you....
Just a thought...

Best of luck with this...
~Ken

Definitely check your local laws on this but it is a great way to make considerably more for your land.

I once raffled off a Dodge Neon that I bought at an auction... then found out it was illegal. Luckily I got away with it, as the fines/penalties for doing the raffle the way that I did it were rather steep... a whole lot more than I got for the car, that's for sure.. haha.

I did end up making about 1.5 times market value for the car though.

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funkynassau 14 years ago

I have a 100 acre farm and I rent the land out to a local farmer. Can you rent it if you can't sell it?

Is it suitable for horses? The "horsey set" in the nearest big city might want it for horses if it has a barn or one could be built. Someone around me sold their land to a horsey person for more than a farmer would have paid for it.
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- Sean A McAlister 14 years ago
  
  You can try several options.
  
  One of my primary businesses is real estate development, and large land
  aquisitions. I have personally bought, sold and developed over 2500 acres.
  
  I actually got into Online product launches as a direct result of my offline Real
  Estate Marketing / so to speak.
  
  One of the best vehicles that worked for me were Auctions ( not because we were distressed...but because when you get people fighting over something the price goes up.)
  
  I did this 2 times. Once we moved 480 acres out of 1000 over a weekend. The other
  we moved 7 figures in 24 hours.
  
  Idea's
  
  If You Can....Chunk it down into 4 -10 Acre Parcels at 50,000 Each that's a
  lot easier to chew than 200k...and you open up your buyer pool.
  
  If the Property is Free and Clear
  Offer to Owner Finance with 20% down and charge Prime + 4 or something
  like that.
  
  Auction
  1. Contact a local auction company and discuss your property with them.
  Discuss your local laws and minimum bids and the rest (too much to go into here....
  but a good auction company will be able to let you know what's up)
  
  2. Find a well know real estate company brokerage and see if they would be willing
  to work in conjunction with the auction company (this can be hairy because Brokers are greedy...but if you can make it happen it's worth it.
  
  ....You Are not going to Find anyone who will sell land at 4%. It's hard enough
  to find a Real Estate Brokerage to Sell a House at that. The going rate around my
  neck of the woods is 6% on Single Family Houses and 10-12% for Acreage.
  
  3. IF the property lends itself to it...you may want to parcel it off into 10 acre plats....
  depends on your zoning laws.
  You want to "Blaze The Property Lines" vs a simple 4 corner survey...this is
  where your surveyor marks the line approx every 100 Feet. This makes for an easy tour
  and easily identifies the property lines....this costs slightly more but well worth it.
  
  We even did Aeriel Photo's but for 40 acres that may not be necessary.
  
  4. Utilize the Advertising from the Real Estate Brokerage and try and get some
  advertising in your local Real Estate Trade Magazine ...ours is called Homes and Land.
  That;s what your paying them commission for.
  
  5. Pick a date for the auction....and the week before set up property tours, get the realators to help...but again this can be difficult because commissions aren't the best for land (Also...a Real Estate angency will want to charge your upwards of 10-12% for raw acreage listings...you may be able to negotiate this down...especially if you have other listings you can give to them)
  
  ...have a nice Survey in hand...and know all of the property lines.
  
  You want to have a complete package put together. As Much as you can (see below)
  
  6. The week before the auction run Radio Advertising, News Paper Advertising and see if your Realtor can do another set of land tours.
  
  7. Conduct Your Auction.
  
  You can also use LoopNet - #1 in Commercial Real Estate Online and put together a fantastic online presentation. Here's the one we did for our Suncrest Heights Property..
  
  Situated between West Run Rd. & Hwy 705, Morgantown, WV, 26505 - Commercial/Other (land) Property - Off-Market on LoopNet.com
  
  We also used CBRE Richard Ellis as our Broker for that one...they put together our brochures, and all the information needed.
  http://cmsauthoring.cbre.com/NR/rdon...chure_Land.pdf
  
  There are quite a few other options...but in this market...an auction should bear fruit..
  I would be Very Careful with Ebay...and actually stay away from it.
  
  Hope this helps....I'm on my way out the door....so I may be back tomorrow to offer more input....hopefully this will get the juices flowing.
  
  Highest Regards.
  Sean
  
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CDarklock

14 years ago

Offer a mule as a bonus.

You'll get a lot of free publicity.

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The Copy Nazi Banned 14 years ago

Originally Posted by CDarklock

Offer a mule as a bonus.

You'll get a lot of free publicity.

Brilliant idea. Perhaps he could offer two Mississippi Mules - one made with this recipe -

London dry gin, crème de cassis, lemon juice.
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Shannon Tani 14 years ago

Another idea may be to work with a local homebuilding company. I know that there are modular home places in our area which are a pretty big deal. Then you've got people who are definitely looking to buy land. This would probably require parceling it off though...

Love,
Shannon
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Taylor French 14 years ago

Originally Posted by CDarklock

Offer a mule as a bonus.

You'll get a lot of free publicity.

I'm thinking he'd get a lot of publicity he wouldn't want. :p
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rock66

14 years ago

There are some great ideas here ,figure out what is your monthly expenses to get from point A to B.
Advertise with no money or 0 down payment sale,balloon payment due in few years or balance due in several years.
Maybe that would help.

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ContentIn48Hours

14 years ago

Many people looking to buy land are looking for an owner financed type deal. You could get a decent down payment and owner finance the balance. It just depends how badly you need the money now.

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ihatemels 14 years ago

if it has woods and deer...put it on ms deer hunting forums...
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maggie2

14 years ago

I just have to say there are some pretty creative brains around this forum...especially CDarklot...who would have ever thought of offering a free mule???

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ElMundodelExito

14 years ago

Originally Posted by TheSalesTechnician

I passed out fliers to real estate agents (offering 4% commission)...and Ive reduced the price by 100k

You passed out fliers to RE agentes but is the property in the MLS?
The Multiple Listing Services will help you a lot and also can get you a investors from out of state and will give you a listing in Realtor.com (the # 1 Real Estate site in the world)
Success

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Sean A McAlister

14 years ago

Originally Posted by ElMundodelExito

You passed out fliers to RE agentes but is the property in the MLS?
The Multiple Listing Services will help you a lot and also can get you a investors from out of state and will give you a listing in Realtor.com (the # 1 Real Estate site in the world)
Success

You can't get into the MLS without a Realtor...and Realtors won't work for 4%.
But you Are correct....once you get it listed with a Realtor...you are now in front
of Every Agency in town via the MLS>

If you find the right Real Estate company the Commission is worth it...because
they have far more resources than anyone else. The Problem is finding someone who
has some experience and connections and is willing to work with land.

The absolute best way to get investors from out of town is either to work with a Real Estate Angency that specializes in Commercial Property or....loopnet.com
(by the way...your property does not have to be commercial....just need to find the right people with the reach)

It's the same as marketing online...you have to network with the right people...and learn where to hang out...and where not to

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Lance K 14 years ago

What kind of land is it? Farmland? Development? Recreation?
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mr2monster 14 years ago

Originally Posted by Sean A McAlister

You can't get into the MLS without a Realtor...

While technically true.. There are several brokerages that will list your property in the MLS for a small fee without you signing a listing contract with them. At least in my city there are.
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Kevin_Hutto

14 years ago

No matter where you are at in the USA, there are some real bonafide investors somewhere close by... If you gotta move it fast, you will be able to sell it for approx 50% of retail value to an investor quickly. All you gotta do to find them is call up your local banker(small town bank) and find out who buys property for cash... They will know who it is.

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James_Harkin

14 years ago

If the land is fertile and you can build on it, then I would create gravel roads and parcel off 1 acre lots and sell them as eco-tourism/eco-community land, sell each acre for $20k. But if you are struggling for money, just put it up for auction with a reserve and see what happens.

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timpears

14 years ago

I am not sure if when you said 4% you were talking about the sales side or both sides of the transaction. If you meant both sides, no wonder you didn't sell it. For houses the typical rate nationwide is 6% and for land is 10%, in my experience.

Get your price back up to the value, less a bit. Give the Realtor a 10% commission (5% + 5%) and then offer a $5K bonus for the sales agent if they bring you an offer at asking price, (which is discounted to value). The only problem you have here is the history of sales attempts. But, hopefully you can slip by with that. Not much you can do about it as the record is there in the MLS.

Realtors are hungry and bonuses and higher commissions usually work well. The top producers have buyers and can find buyers, so if the money is good, they will come knocking. You got to make it as enticing as you can, for the Realtor. it is the Realtors job to sell their client.

Figure out what the sizzel is for your property, and then pitch that in your listing. Your agent should be able to help you with that.

Figure what you need to get out of this property, and work your way back and add in all the costs of commission and closing costs and then you have determined what your asking price is. I woud give yourself a cushion in order to be able to negotiate as you might have to. I would guess from the price range you gave, $20K to $25K should be enough.

Go get em.

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options

14 years ago

Hi. you could try renting the land? or try listing it on free classified sites.

I brought 20 acres and rent out 15 of them for a nice monthly income. try to get building permission... ie out buildings even for horses...

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marciayudkin

14 years ago

Is it suitable for horses? The "horsey set" in the nearest big city might want it for horses if it has a barn or one could be built. Someone around me sold their land to a horsey person for more than a farmer would have paid for it.

This thinking is on the right track. What you need to do is to imagine EVERY possible kind of buyer and write a series of ads, one for each kind of buyer, playing up the advantages of your land for that buyer to the hilt.

For example, my house and property is perfect for birdwatchers and nature lovers. It's also an excellent summer house for someone who likes peace and quiet. It would also suit a small family with an in-law. But putting all those possibilities into one ad would give you mush.

When you try to sell the land generally to whoever wants it, no wonder no one wants it.

Marcia Yudkin

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hawkhill88 14 years ago

Well, I don't know about the OP, but you just gave me some ideas for selling our place when Geekdaddy retires in a couple of years. 60 acres full of deer, woods, fields, a wicked nice little swamp, two livable houses and enough privacy to suit Howard Hughes. We love it but are tired of plowing snow and won't be able to afford the mortgage unless I become the next internet millionaire. I'm still working on becoming a thousandaire, so I guess that mule will have to wait.

Really great advice and creative approaches, as usual on the WF, and it's not even an IM question. <g>
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travlinguy

14 years ago

Offer it as recreational land in large markets like Los Angeles, New York, Chicago, etc. and throw in a bonus. You might consider a weekend trip to Vegas, Disneyland, the Bahamas, or some other glitzy destination (the trip comes from the proceeds of the sale, obviously).

Craigs List is perfect for this. Of course, you're going to want to write up a killer ad showing every possible use for the property. Development, sub division, off roading, whatever.

Put up a Website with lots of pics, information about local activieies, the local chamber of commerce, etc. Talk about the favorable low taxes, the peaceful, laid back lifestyle. Put some elbow grease into making a really great presentation. Get creative. Good luck!

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patadeperro

14 years ago

I would recommend you to read this post: $50 Thousand In Free Publicity And The “Mystery Briefcase”

This post was written by Lawrence Bernstein, he tried so sell on ebay one of the most expensive houses in Arizona on those days and even was able to contact Carlos Slim (the riches man in the world), he explains how to do the copy, how to do the Press RElease, etc... I think this can give you a pretty good idea, and you should follow this blog, is awesome and you can learn a little bit on copywritting to apply it to your add.

Hope it helps

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Sandra Martinez 14 years ago

I met a realtor in Connecticut once that used to had wild success selling his properties using youtube.

he went the easy way... he would take some photos and make a lil video with animoto (free version, 30 sec at that time, not sure how it is working now), make it keyword rich, ping it... the whole enchilada to make it rank.

and he got that video in first page of google... then wait for the leads...

that is about ideas for promotion that haven't been said yet...

about land, land is a problem... because it is a hole in your pocket as investor. You can't rent it, and have to pay taxes nonetheless...

so if you want to sell it to an investor... I would make sure to sell not only the land, but an action plan with it.

find out if it can be subdivided, see what can be grown in there... see how it can be made into money by the buyer... then you will be able to laser target your customer.

Sandra
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- Kay King 14 years ago
  
  passed out fliers to real estate agents (offering 4% commission)..
  
  Problem is you are running an open listing and most agents won't bother with it. The commission less than half what is often offered for selling land and there's no guarantee of payment without a legal listing. If you listed it with a real estate company you might pull in more prospects if the company specializes in land or development sales.
  
  But - when I sold land in Georgia as an agent my commission rate was 10% so 4% is low.
  
  How long ago was the $5k per acres estimate?
  
  Before I sold the land for next to nothing I'd try a 60-90 listing with a big real estate company and offer a higher than usual commission (like 15%). Listing it with one company provides access to the listing by all realtors in the area and a high commission will get attention of any agent with land buyers.
  
  When you go craigs list and ebay you are going to be cutting price drastically and there can be problems qualifying those buyers as land sales are usually cash sales. I'd rather pay the money as commission and get free ads and exposure through realty companies so I'd try that first.
  
  kay
  
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Dave Patterson

14 years ago

Originally Posted by TheSalesTechnician

The economy is so slow right now and Im trying to sell some land.

Ive called nearby neighbors, listed in on craigs list, passed out fliers to real estate agents (offering 4% commission)...and Ive reduced the price by 100k

Had a few leads but no solid offers.

Thinking about putting it on ebay.

Not sure if my cousin is licensed in MS or not, but, he is a good source for advice and probably knows other auctioneers in your area....

Give hm a call....http://www.diamondpauctions.com/

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gjabiz

14 years ago

Change of strategy.

Sell the DREAM the land represents.

A private HORSE ranch.
An executive GOLF course/range.
A RETREAT.
A FORTRESS.
An ALPACA farm.

See? Instead of offering LAND for sale, create an eBay listing for a wide variety of DREAMS.

Maybe a PRIVATE shooting range.
Potential to raise FISH.
Perfect for renewable TREES.

It may or may not move the land, but getting creative with the "LISTING", whether it is on craigslist or eBay or in a MLS, people want land for something else, unless it is a speculator/investor and that has been mentioned.

So, get creative and you'll see it opens up markets to you, you may have overlooked.

gjabiz

PS. With apologies to Robert Kennedy, "Some see land as it is, and say NO WAY. I see land as it could be and see hefty profits."

PPS. OR hire someone creative to put the ads together for you, and start an all out "outsourced" marketing campaign. As a former Realtor, I've seen this method work time and time again.

Originally Posted by TheSalesTechnician

The economy is so slow right now and Im trying to sell some land.

Ive called nearby neighbors, listed in on craigs list, passed out fliers to real estate agents (offering 4% commission)...and Ive reduced the price by 100k

Had a few leads but no solid offers.

Thinking about putting it on ebay.

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humbledmarket

Banned 14 years ago

I guess it depends on what type of land and obligations you have by the city such as is it approved for development or ect.

I wouldn't suggest putting on ebay. Adwords might be good and perhaps create a quick site detailing your sales and then promote it online but probably not ebay imho.

All the Best

Thanks
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Lance K

14 years ago

For a few hundred bucks, you could have a nice big sign made up that reads...

ATTENTION: This Land Is NOT For Sale!

For those who believe "anything is for sale", call (xxx) xxx-xxxx and leave a message. Don't take it personally if you don't hear back from me (you almost certainly won't).

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theory expert

Banned 14 years ago

Originally Posted by Lance K

For a few hundred bucks, you could have a nice big sign made up that reads...

ATTENTION: This Land Is NOT For Sale!

For those who believe "anything is for sale", call (xxx) xxx-xxxx and leave a message. Don't take it personally if you don't hear back from me (you almost certainly won't).

Yup a publicity stunt is what I am thinking to grab media attention here.

Thanks

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TheSalesTechnician

14 years ago

thanks guys. Im getting some good ideas. Im thinking ebay is the way to go. Now I just need a hook.

And I think I have one.

This land leads up to a GIGANTIC Hill. You can see out for 20 miles in the fall.

There is nothing like this in MS with a view like this. The sun even sets in the direction of the view.

The problem Is there are trees in the way right now. I guess I could cut them down and then take pictures of a sunset.

Ideas for hook and copy?

Thanks
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mr2monster

14 years ago

Originally Posted by TheSalesTechnician

thanks guys. Im getting some good ideas. Im thinking ebay is the way to go. Now I just need a hook.

And I think I have one.

This land leads up to a GIGANTIC Hill. You can see out for 20 miles in the fall.

There is nothing like this in MS with a view like this. The sun even sets in the direction of the view.

The problem Is there are trees in the way right now. I guess I could cut them down and then take pictures of a sunset.

Ideas for hook and copy?

You read all of that, and decided on ebay?

Thanks
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TheSalesTechnician

14 years ago

Originally Posted by mr2monster

You read all of that, and decided on ebay?

Yes. All of the ideas are good (some even brilliant) but Ive got about a week (maybe two) to sell this land. I need a publicity stunt.

So this is the concept Im goign to work with.

Thanks
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KimW

14 years ago

Originally Posted by CDarklock

Offer a mule as a bonus.

You'll get a lot of free publicity.

Originally Posted by TheSalesTechnician

Yes. All of the ideas are good (some even brilliant) but Ive got about a week (maybe two) to sell this land. I need a publicity stunt.

So this is the concept Im goign to work with.

You need a publicity stunt?

Listen to Caliban.

Thanks

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igrowyourbiz 14 years ago

Originally Posted by mr2monster

You read all of that, and decided on ebay?

Im with you monster. Ebay is SUPER untargeted, and unless you are spending a chunk of change in "advertising" this publicity stunt (i.e. i pull the coolest stunt in my backyard, and nobody knows...there is no publicity) I don't see how you will sell this in a week.

There may be people who actually can get it, but need the bank to back it...thats not gonna close in a week.

But nationally there are many industries...the music business for one, have people who buy such types of land all the time.

TARGETING is much more important when you have a deadline

good luck
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igrowyourbiz

14 years ago

Contact your local REIA

type (your city) + REIA

if you are small town, type closest major city.

These are (usually free) meetings of RE buyers, sellers, appraisers, financiers and more...all over the USA.

Anyone who invests in RE knows about them.

There are "official" type groups and casual ones. Find them, network, pitch them...YOU WILL sell your land.

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TheSalesTechnician

14 years ago

Yes you are right. If I left it to ebay alone to sell it Id be up a creek without a paddle. But ebay + publicity = sale.

Thanks
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Sean A McAlister 14 years ago

Originally Posted by TheSalesTechnician

Yes you are right. If I left it to ebay alone to sell it Id be up a creek without a paddle. But ebay + publicity = sale.

Local Real Estate Company + Auction + Tri Sate Newspaper campaign + Radio Ad = Publicity = Sales.

...this is from Proven results. You have to water the grass in your own back yard and your buyer is more than likely going to be within a 100 mile radius.

Also...if the land lends itself to a hunting you could go to your local Gun Shows, Gaming Places etc and put flyers up there.
Prime Hunting Property Available.
Enjoy breathtaking views and lush greenery
with this Scenic piece Land.

Rich with wildlife and privacy, this
40 acre tract boarders......
.

Insert the local town info.

Find what's it's close to, demographics etc.

This shouldn't be approached from an Internet Marketing Mentality although geo targeting online should be part of the overall marketing campaign....just my opinion.
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- igrowyourbiz 14 years ago
  
  Originally Posted by Sean A McAlister
  
  Local Real Estate Company + Auction + Tri Sate Newspaper campaign + Radio Ad = Publicity = Sales.
  
  in one week?
  
  Thanks
  
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  Sean A McAlister 14 years ago
  
  Originally Posted by igrowyourbiz
  
  in one week?
  
  Yes...
  
  Actually it takes about 30-45 (perhaps a little longer...depends on what needs done, schedules etc) days to get things arranged but you launch the whole thing over 1 - 2 weeks....and the auction is held on a Saturday or Sunday.
  
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igrowyourbiz

14 years ago

Originally Posted by Sean A McAlister

Yes...

Actually it takes about 30-45 (perhaps a little longer...depends on what needs done, schedules etc) days to get things arranged but you launch the whole thing over 1 - 2 weeks....and the auction is held on a Saturday or Sunday.

that was my only point...takes more than 1 week. and doing it by auction makes it even harder to make that type deadline.

Originally Posted by Riseing

Wait until the market comes back.

It never left, it actually is stronger, the only thing that left were the shovel sellers

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Sean A McAlister 14 years ago

You could also put together a quick Blogspot
as an online flyer for out of town people.

Like I did here (keep in mind that this site was made
a while ago...needs some updates)

Canyon Creek Falls Updates
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thesweetspot

14 years ago

You should set up automatic car wash or something that is auto-pilot..I mean every internet marketer and their brothers all preach about auto-pilot this that and the other..auto-pilot that land.

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EngrKhalid

14 years ago

Go for a housing scheme there, make small plots sizes that can be easily sold out

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eXtreme Success

14 years ago

What's the zoning?

The Fastest way to sell your land is to offer seller financing.. You can still get a big chunk of your money by selling the note at closing. Here's how..

Let's say you sold it for $200,000 and got $20,000 down. Instead of creating one note for $180,000 Create a 1st note for $100,000 and a 2nd for $80,000. Sell the $100,000 note at closing. You should be able to get $90,000 if you sell the note to a private individual or someone IRA or Roth.

The result is, you'd walk away with $110,000 in cash and a note for $80,000 that creates cash flow each month.

or...

if you want to create a feeding frenzy for your property then you need to have a Highest Bidder Sale. This is similar to the Effros system described in his book Sell Your Home in 5 Days... BUT A HIGHEST BIDDER SALE IS MUCH BETTER.

You'll advertise the property at a low low starting bid... like $99,000 or best offer ( subject to seller's approval)

the low price gets a lot of attention when you do about 7-9 days doing aggressive marketing online, press releases to prweb, tv, radio, and newspapers and a HUGE sign at the property. Call the TV stations and you can get free air time.

You'll do a two day "walk the property" and submit a bid during a 2 day showing.
After that, you call all bidders to start the "round robin" bidding. Call the highest bidder first, then 2nd, then 3rd, etc... say the high bid is _____ would you like to increase your bid. Some will. Some won't.

The price will go up up UP UP UP UP

The spirit of competition kicks in. For some it's more about winning the bid than just buying the property.

You are welcome to use my w w w highest bidder sale com web site for free if you want to do this

I have sold MANY properties like this and it works! I had 500 people at my last open house.

( also keep the mineral rights when you sell)

Thanks

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How would you sell 40 acres of land?

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