Selling Land in Texas for Future Highways: What You Need to Know
B. Moss Get Cash Offer Now When government agencies or transportation authorities plan highway expansions, some private lands are earmarked for acquisition. If you own
Deciding to sell your land For Sale By Owner? This certainly can save you money on commission fees, however, it also means you’ll be responsible for navigating the entire paperwork process yourself. From listing documents to sale contracts, there are specific forms andse disclosures required when selling vacant land privately in most states. If you’re considering a for-sale-by-owner approach to selling your land, understanding the paperwork trail is crucial. Here’s a rundown of the key documents you’ll likely need to properly execute the sale.
When selling land by owner, you’ll need to create your marketing listings with details about the property, pricing, location, and terms. Basic listing documents include:
These will form the foundation for online listings, print advertising, and collateral to present to interested buyers.
Of course, you’ll need to prove you own the rights to sell the land. Common documents establishing proof of ownership include:
None of these documents are required, but having these records on hand will be helpful for buyers and/or their real estate agents.
Once you find a buyer interested in purchasing your land, you’ll need to draft a legally binding purchase agreement that complies with your state’s laws. This contract will spell out all the terms of the sale, including:
Seller’s disclosures are also typically required as part of the purchase agreement paperwork for selling land privately. These disclose any known issues, defects, liens, or other material facts about the property.
After the purchase agreement is solidified, there’s one final set of documents required to officially transfer ownership and complete the sale. This includes documents like:
The benefit here is that title companies typically handle all the documents above. Having an experienced title company or real estate attorney oversee this final paperwork for selling land by owner is highly recommended. They can ensure all i’s are dotted and t’s are crossed for a clean closing. However, the downside is if you have a really small property or a property with a value in the lower thousands, then you cannot use a title company. Many title companies have a minimum purchase price. While selling vacant land privately cuts out realtor commissions, handling the paperwork trail yourself requires care and due diligence. From listing materials to ownership verification to the final transfer documents, having the right paperwork in order will be critical to successfully selling your land by owner.
The best middle point would be to work with a land-buying company as you will get the best of both worlds.
Our process is simple and easy. Just fill out our online form or give us a call. We will then schedule a time to view your property and make you an offer.
The value of your land will depend on a number of factors such as its size, location, and condition. We will take careful consideration taking into account the market, location and features to provide a fair offer.
The value of your land will depend on a number of factors such as its size, location, and condition. We will take careful consideration taking into account the market, location and features to provide a fair offer. We can typically close on a deal within 30 days of receiving your signed contract.
No worries. We are in the business of solving problems. We have worked with this issue on several occasions. Give us a call and we will work closely with you to fill in the appropriate documents to legally sell.
Not an issue. There is still value in your land. We will make you an offer and you will still leave the closing table with funds in your pocket.
This is not a concern. A deed is a legally recorded document. As long as the property was properly purchased, we can acquire a copy of the deed in the county records.
A title search is a process of investigating the ownership history of a property to identify any potential title defects. A title search is important to ensure that the seller has a clear title to the property and can legally sell the land.
You will only leave the closing table with payment for your property. You will not pay for a survey (if one is required) and you will not be responsible for closing costs, which typically is required in a standard sale. We have you covered.
No, you have the option for an in person closing or a remote closing. You can come in person to the title office to sign the deed and receive payment directly or you can handle the closing remotely in which you will travel to a certified notary to sign necessary documents.
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