Do you have land to sell in Toronto? If you own land but don’t want to sell it through a real estate agent then make sure you read this blog post to help you know how to sell vacant lots and land without a Realtor in Toronto.
If you are a land owner in Toronto or surrounding area, and if you’re thinking about selling it then you’ll want to know what your options are.
Some people choose to sell their land through a real estate agent (also known as a Realtor) but this is not the best choice for everyone. An agent might be able to find a buyer (but might not) and you’ll have to pay them a hefty commission at the end.
How to sell vacant lots and land without a Realtor in Toronto
Market your land
Make people aware that you’re selling it. Post it for sale on classified ad sites, in local newspapers, on Craigslist, on your social media, and even on posters that you put up around town. And make sure you stay on top of your marketing because people need to see something a few times before it really registers in their mind! Make sure you post the details, including size, location, price, and your contact information. It’s also helpful to give people some ideas of what the property is best used for.
Show your land
When someone contacts you about your land, make arrangements to show it to them. You may or may not want to be there when they’re looking, but it might be helpful if you walk them through it and show them various features of the property and answer their questions. This will also help you hear directly from potential buyers so you can know what’s important to them, which could help you as you market your property.
Negotiate and close
When you meet someone who is interested in buying, invite them to make you an offer. Remember: no price is final; you’re each sharing your starting point and then trying to find ways to meet in the middle, which could include lowering the price, adjusting the terms, or providing some other kind of incentive to the deal.
Keep it legal!
One of the reasons why people sell through an agent is because the agent can help negotiate the challenging parts of the contact and ensure all parties are protected. You’ll want to carefully research your obligations and requirements before you commit to anything.
If this seems time consuming, did you know there’s another way to sell? If you want to know how to sell vacant lots and land without a Realtor in Toronto you might be glad to know that there’s an even easier way to sell: you can sell directly to us here at I Buy Houses Toronto. We buy vacant lots and land directly from buyers (we’re not going to list it like a Realtor would – we actually want to buy).