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Selling Your Land in Colorado – We Buy Land in Colorado!

On September 19, 2016 /

Selling Land in Colorado

Selling Land in Colorado

Colorado is one of the largest states in America in terms of size, occupying a surface area of 104,094 square miles. Most of this surface is covered by land and a small part is occupied by water. Research shows that most land in Colorado is privately owned with the average price per acre amounting to $11,621.

Colorado is one of the most unique places in the world, with separate terrestrial features in one place, such as alpine mountains, arid plains and deserts with large sand dunes, deep canyons and sandstone, granite rock formations, rivers, lakes, and lush forest. The borders of this state were originally defined by lines of latitude and longitude, making its shape a latitude-longitude quadrangle.

Mountains: Colorado is the only state in the U.S. which lies above 1000 meters elevation. The summit of Mount Elbert is the highest point in Colorado at 14,440 feet and Cheyenne County, Kansas at 3,317 feet is the lowest point in Colorado.
Plains: less than a half of the Colorado is flat land. East of the Rocky Mountains are the Colorado Eastern Plains. Theses plains are usually seen as prairies, but they consist of many deciduous forests, buttes and canyons.
More than half of the total population of Colorado lives east of the Rocky Mountains in the Front Range Urban Corridor. This region is partially protected from prevailing storms that blow in from the Pacific Ocean by the high Rockies in the middle of Colorado. The only other significant population centers are the cities of Grand Junction, Durango, and Montrose, all in western Colorado.

Selling land in Colorado is quite different from other areas and is a bit more competitive, here are some of the reasons why selling land in Colorado is a bit of a challenge.
Lot and land buyers are very different from homebuyers, they have different perspectives and ideas. Land buyers are more interested in the right location more than anything and an opportunity that would let them customize the land to the style they see fit.
Land sales require different and more advanced sales techniques. Unless the buyer has already visualized what he wants on that piece of land, it can be a challenge to convince him to visualize his plans on that piece of land and not another piece of land.
Buyers in the land market are most often scared and harder to find than homebuyers. Most often land buyers would already have a specific land in a specific area in mind before going out to search for it and they would not necessarily accept different lands which do not fit their ideas and specifics.
Patience is a major factor in selling land in Colorado as this is a slower market and also the buyers are not as much as the available land.
But do not lose hope in selling your piece of land. Presently the land market in a growing market across America and many sellers successfully sell lots of land every day.
While there are differences in selling land in Colorado, it is basically the same concept to sell a house. You would just need to refine your strategy and focus on this type of sales.
The first thing you need to make sure of in land sales in identifying your buyer and making sure you could identify their wants, whether it is buying a land which has already been developed, whether it is the location or whatsoever, you should be able to capitalize on that. Have information ready about neighboring attractions and amenities such as schools, stores, parks and whatsoever is in the locale.

First impressions are always a plus in real estate, it is always important to clean out your lot before showing it out to a prospect buyer. Cut the weed and unwanted grass, remove the trash and take marketing photos when your property is at its best. Also, make sure your property boundaries are marked.
Pricing is a major factor in determining if you land would sell with success or not. When selling land in Colorado, pricing the lot too high is one of the biggest mistakes that sellers make and most often regret. The wrong price would scare buyers away from even inquiring about the property. Pricing of land can be tricky, especially when there are not too many sold land in that area to compare to and make a reasonable price. So in order to reach an appropriate price range, you would first of all need to consider your own needs and understand how the price can impact buyers’ interest.

When selling, you would have to choose between getting the highest price and selling a lot faster.
The lending market for vacant land is still difficult and many buyers have trouble getting financial assistance. You should have a large pool of buyers if you would be able to offer some type of financial assistance.

Use online listing targeted to lots and land buyers in Colorado to have more exposure of your property. Show your property when it is at its best and talk to an adjacent property owner if they would want to buy your land. In most cases adjacent property owners would be glad to buy extra land, it might be even help them have enough land to achieve their purpose.
Finally work with people who have knowledge of this market and are professionals. There are many benefits from having a specialist on board, even though there are some disadvantages. Here are some pros and cons to having specialist and we would let you choose for yourself which suits you.

• A well trained agent would be able to sort through lots of pages of documentation and make sure you have the best out of each sale and that it is done by the book. You are less likely to worry about errors, and even if they do occur, a licensed real estate agent would have insurance to cover them, reducing risk.
• Unless you have all the time to tour every single buyer who wants your land and when it suits them, hiring a professional would be highly required.
• A great agent would have a network of contacts which can do clean your land, take professional photos, attorneys, landscapers, contractors and other agents to call to make sure you have the best sale.
• No one would know the local real estate market than a local expert who is on your side to guide you.
• There is an art in the negotiation of selling a land in Colorado, and having an expert do this for you is advisable so you get the best out of the sale.
• Having to pay commissions and very good and expert real estate agents would be very expensive.
• With a busy real estate agent, you would just be one amongst his many clients and you property might not be given the appropriate attention.
• If the buyer has his own agent, there would be two intermediaries before a deal is signed and this can easily lead to deals going bad, depending on their relations, skills and abilities.