If you're a raw land flipper, then you know that selling rural properties can be tough. This blog post will discuss the top 3 ways to sell a rural property. We'll give you tips for each method to help you understand what works best for flipping raw land. Let's get started!
What Qualifies As A Rural Property?
A rural property is generally defined as an area that is not within a metropolitan or suburban area. The property may be isolated or in a rural community.
Many factors can determine whether a property is classified as rural or not. Some of the most common factors include population density, size of the community, and distance from urban areas.
Why Are Rural Properties Difficult To Sell?
As a general rule of thumb, the closer a piece of land is to urban areas, the more it is worth. So it makes sense that rural properties are generally the cheapest to buy, but may also be the hardest to offload.
That is, of course, unless you know where to look.
Tip #1: Identify Your Target Buyer
When selling a rural property, it is important to identify your target buyer. This will help you focus your marketing efforts and ensure that you target the right audience.
In order to successfully market to your target buyer, you need to understand their needs and wants. This means doing research on what they are looking for in a property. Some of the things you should look at include:
- What type of land do they want?
- How much acreage are they looking for?
- Do they want water or electricity onsite?
You can use this information to create marketing materials that appeal specifically to your target buyers.
Some of the most common buyers for rural properties include farmers, ranchers, and RV enthusiasts. If you can identify who your target buyer is, you can tailor your marketing efforts to appeal to them specifically. For example, you can advertise the property in agricultural magazines or online forums for RV enthusiasts.
There is also a niche market for retirees looking for a property to park their mobile homes.
Lowering Your Price
When targeting these buyers with low capital you may be tempted to lower the overall price to make it more appealing.
But we’re here to help by showing you a better way.
Offer Seller Financing
Seller financing allows you to sell rural properties for more money by allowing the buyer to pay you over time instead of taking out a loan. Banks are usually hesitant to give out loans for raw land buyers anyways.
Then you just need to find the best means for your offer to reach them.
Tip #2 Find Your Listing Sites
When selling a rural property, it is important to list it on the right websites. This will help you reach the right audience and get more exposure for your listing.
Some of the best websites to list rural properties include:
- Land Watch
- Land Modo
- Facebook Marketplace
You may also want to consider targeting buyers in specific states or regions. This can be done by targeting specific websites or by advertising in regional magazines or newspapers.
Tip #3 Make Sure Your Marketing Stands Out
If you want to sell your rural property, it's important to make sure your marketing stands out from the competition.
There are many other rural properties for sale, so you need to find a way to make your listing stand out. One way to do this is by using creative marketing tactics.
Some of the most effective tactics include:
- Having a professional photographer take pictures of the property
- Creating a video tour of the property
- Posting interesting and engaging descriptions of the property
- Use unique selling points such as incredible views
- Listing towns, tourist attractions or other resources within driving distance from the property
It's also important to make sure that your property is priced competitively. You don't want it to be too high or too low, but just right! This will ensure that buyers are getting a good deal on the purchase price and encourage them to make an offer quickly.
If you need help growing your land flipping business, reach out to Land Profit Generator‘s experts!
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