OK. To find investors, go to http://www.creonline.com/real-estate-clubs/mi.html It's a listing of real estate investment clubs in Michigan. There are at least three listed in Troy, and others nearby. Publicize your lots to those groups. Each will have an e-mail mailing list. They all have meetings. Some have other ways of communicating with their members. You can get the word out in a matter of hours.
Now, one problem you'll run into is that many investors aren't interested in residential lots. The problem is that lots aren't income producing, unlike either residential or commercial structures. So your pool of possible buyers will be smaller.
The other point raised below--the low offers you'll receive--should be discussed even though you made it absolutely clear you want to sell "irrespective of loss." On residential property, for instance, an investor will offer up to 65%-70% of fair market value, minus repair costs. So, for instance, on a single family home that, rehabbed, would sell for $500,000, but needs $20,000 in repairs, an investor would pay no more than $330,000. ($500,000 * 70% minus $20,000)
A lot will bring in less because the investor will have to factor in the holding costs. Few investors would be interested in buying land, even cheaply, and then building on it. The only other possibility, from an investor standpoint, is buying so cheap that it then can be immediately sold to a builder to be held long term...letting the builder worry about holding costs.
But, returning to your question: Contact all the real estate investment clubs in the area. (It's OK. There's no exclusivity. And there will be some overlap, but not too much, among the members of the different clubs.) That's the best way to sell as quickly as possible.
Hope that helps.
Like any other Realtor I would like to help you if you change your mind about using a Realtor. My appearance on HGTV' " My House Is Worth What" will air on Sunday March 30th at 12 noon. If you get a chance, watch it.!
If money does matter, then hire a succesful realtor.He or She will earn you much more than you pay them.
JD "Dan" Weisenburger, GRI
Vanguard Realty, GMAC Real Estate
Price it right and list it with a Realtor. I listed two Oakland County houses this week and got offers on both of them within 48 hours of listing. One has multiple offers. You will do the best this way, in my opinion.
I have seen people who have spent thousands of dollars trying to advertise on their own, but still do not have the exposure that a professional real estate can give you. Then when their properties don't sell they still end up hiring a real estate agent anyway.
Just like another agent said...you need to look at the bottom line of what you are going to net.
I hope this information helps! Best Wishes!
may be a source you could try. Of course, this may not net the most for your property.
Just a question, are they buildable lots? Sewer connect approved and available? What size home can be built on the property?
The more information available with proof at hand from the local government the better chance you will have of a sale to a qualified buyer. This is your responsibility, a real estate agent can point you in the right direction but you will have to provide the proof.