Home Selling in 85355>Question Details

d517, Home Owner in 85388

How can I get my lot exposure, so I can sell it, without signing up a Realtor?

Asked by d517, 85388 Mon Mar 9, 2009

I own a lot in Sonoran Ridge Estates in Waddell Az....where can I get it the most exposure, in order to sell it, without having to sign on a Realtor?

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My mom lives out in that area. There are custom homes and open lots out in Waddell. Clearwater Farms, Russell Ranch and Sonoran Ridge all over SPACE. I think you can sell it if you market it well, like anything right? I think you sould start posting it on all the free sites you can, and then give it a month or 2 to see what happens. If no activity, then contact a pro. I think people need to realize in today's marketplace, having a realtor may cost you a commission - but sometimes 94% of something is better than 100% of nothing! :-)
1 vote Thank Flag Link Mon Nov 29, 2010
Whether you are selling a house, a mobile home, a piece of property or a horse - go to the internet. That is the first place buyers begin their search. If you want to save the commission then invest in a few of the main property for sale by owners sites. Allow wiggle room in the price but not too much that a prospective buyer will walk away. d517 use the internet first and then place a BIG sign on the property with your contact information. Let the doom and gloom realtors keep all of your competition in the closet. Go sell your lot. Good luck.
1 vote Thank Flag Link Tue Mar 10, 2009
Whether you use a realtor or not - make sure you advertise on the internet. That is where it is happening. So invest a little of your money in posting on craigslist, for sale by owner sites as well as google real estate, oodle.com, zillow.com. Also find out if there are any local sites that people check for real estate. In our city our newspaper is connected to Trulia. YOu may also want to promote it to developers. Get the names of developers off of building site signs. Make up a flyer and drop it off to the developers in the Waddell area and mail it to out of area developers. Sometimes the developers are not local but looking for more land. Good luck.
1 vote Thank Flag Link Mon Mar 9, 2009
Selling anything to strangers you must be careful. Do not exchange money except at a bank and have your banker review the funds - even a cashiers check can be counterfeit. So finding the seller is one thing but getting your property through the contract, title search and settled as well as the money in your bank takes several people unless you choose to use a general contractor or what we call "a realtor."
1 vote Thank Flag Link Mon Mar 9, 2009
Craigslist.com, Postlets.com, Those work great!
1 vote Thank Flag Link Mon Mar 9, 2009
Craigslist for sure, but you must remember to delete and re-post every 48 hrs. You can also post it on Zillow (see link below), however I really don't know how many people go on there looking for a lot.

http://www.zillow.com/advice-thread/How-do-I-list-a-vacant-o…
1 vote Thank Flag Link Mon Mar 9, 2009
To be honest no one is going to be able to give you the exposure you would get from signing with a member of the National Association of Realtors. Anyone can put a sign in your yard, but the true job of a real estate professional starts when you receive your offer. You will need to know the steps of opening &, closing escrow... And making sure the offer you receive is a strong offer. A Realtor is trained to do so.
0 votes Thank Flag Link Thu Nov 21, 2013
Keep in mind this is a PIECE OF LAND that d517 is trying to sell and not a "home".

Also d517 can not sell the LAND for more than it will appraise for which may cause a problem in our current market (buyer's market).

In addition developers ARE AT A STAND STILL in AZ because of the supply vs. demand issue.

d517 you might consider having a high demand Arizona Home built on the land (Single Level, 4 bedroom or 3 bedrooms plus den, 2000+sqft with a 3 Car garage etc...) at $59 to $69 a square foot and then selling it for $350,000 to $400,000 if the market will bear it.

Just an idea.
0 votes Thank Flag Link Mon Mar 9, 2009
There are ways to advertise on realtor dot com without going through the mls. Internet exposure is important so get online since that it where the buyers are.

good luck!
Web Reference: http://getmyhouselisted.com
0 votes Thank Flag Link Mon Mar 9, 2009
No need to use a Realtor and lose 6%. Some decent advice below.
0 votes Thank Flag Link Mon Mar 9, 2009
well if he has a title company that holds the money in escrow then he should be fine, plus the title company runs a title search, and processes the funds anyway. a seller shouldn't be collecting funds in their own name anyway because it can be considered commingling, all sellers should hand over checks and agreements to their closing attorney and if they are savvy the buyers closing attorney. if not savvy have your attorney contact the buyers escrow. usually if the title company is a member of the bar you should be fine even if the closing company is of the buyers choice.
0 votes Thank Flag Link Mon Mar 9, 2009
There are plenty of ways to use to sell your house. Here my reference there is an article that can get you started.

If you plan on selling your house by owner, do you have the paperwork needed for your buyer to sign? Have you done all of your inspections, do you have a few title companies to send the buyer too? If so, then you are in good shape.
0 votes Thank Flag Link Mon Mar 9, 2009
"Reposting to Craigslist too frequently can get your ad banned."
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Jay,

I always deleted the old one before I re-posted the new one and honored their 48hr requirement . I never once had a problem. I've sold antiques, autos, furniture, collectibles, and yes even a house, and never had one problem.
0 votes Thank Flag Link Mon Mar 9, 2009
Use the internet. Google .land in Arizona. and see who and what people are finding when they do the same. If one realtor comes up more than any other site I recommend you call them. Otherwise you may have a piece of land for sale for a long time.
0 votes Thank Flag Link Mon Mar 9, 2009
Hi again,

I posted concurrently w/ Jay. I know Jay and, I absolutely recommend that you heed advice from him. I would suspect that land sales are very slow in many areas.

If it were only about the MLS, I would suggest thinking about a flat fee. But, for lots, it's not just about the MLS. It might be worth it to talk w/ Jay, and/or other local pros to gain additional perspective. If it still seems right to go it on your own, by all means, it's your right to do so. You won't get pressure from Jay, but you will get candid reliable local info.

Good luck.
0 votes Thank Flag Link Mon Mar 9, 2009
Deborah Madey, Real Estate Pro in Red Bank, NJ
MVP'08
Contact
Hi d517,

I think it's harder for most owners to sell lots than houses/TH/Condo. It really isn't even about the MLS. People who sell "lots' and land, often create networks that build a base of potential buyers in that niche.

I used to belong to the Realtor Land Institute, because of my interest in land sales and horse farms. They didn't have a chapter here in NJ....because we have so little land to sell, I guess. LOL. But, I did belong to the Virginia chapter and took all of my classes there. I don't keep up my membership, in the Realtor Land Institute since my continued participation in VA would be minimal. I am not licensed in VA.

But, I learned a lot about lot sales, land sales, ag sales, farm sales from the classes I took through RLI. People know that I often have my finger on the pulse of a horse farm or two or three that are for sale. A lot of these property owners elect not to put this type of property into a mass media marketing mix and do not want it on Realtor.com and all over the internet. Property owners who had listed their farms in MLS for a year state they did not get showings, and the inquiries received were often from people who were not serious or the people responding had no clue.

Better success in certain niches come from having the right representation. I am not anti-FSBO.....not at all. I am extremely supportive of property owners who want to sell on their own. I am simply pointing out that it can be hard to reach potential buyers in certain niches. I don't know if that hold true for your lot in Waddell, AZ. And, no I didn't think you had a large farm. You said lot, not acreage. My explanation was illustrative.

Are you willing to work with buyer agents if they bring you a buyer? If so, perhaps you want to take on an aggressive marketing campaign outreaching to buyer agents who might likely have contacts for the purchase of your property. Who has sold lots in your area? How did they find them? That might tell you a likely lead to trail for buyer connections.

Alan and rockinblu gave you a good tip about Craigslist. Neither of them, or myself are from your local area. Realtors from AZ, like Donald, will be able to help out with more specific sites or channels for lot sales in your area.
0 votes Thank Flag Link Mon Mar 9, 2009
Deborah Madey, Real Estate Pro in Red Bank, NJ
MVP'08
Contact
I certainly can understand that, giving that you have numerous listings instead of just one. It's not bad at all with just one. Just re-type the headline, copy and paste the info, and upload the photos again. Easily under 10 min.
0 votes Thank Flag Link Mon Mar 9, 2009
Good tips, but way more work than it's worth (at least for me!).
0 votes Thank Flag Link Mon Mar 9, 2009
Alan May, Real Estate Pro in 60201
MVP'08
Contact
Alan,

The purpose of deleting it and re-posting is to keep it in the initial group when someone searches. That way it just isn't buried. Also, another tip is to use symbols in the ad headline. Such as:

>>>>>this is your dream lot
0 votes Thank Flag Link Mon Mar 9, 2009
Rockin', I thought Craig's list allowed you to keep an ad up for a week.
0 votes Thank Flag Link Mon Mar 9, 2009
Alan May, Real Estate Pro in 60201
MVP'08
Contact
1) Contact an attorney since you would want to know the legal laws of selling property in Arizona since you are considering not using a REALTOR.
2) The internet will give you the most exposure - try google or yahoo searching "land for sale" and see if there are any sites. Try For Sale By Owner sites.
3) A REALTOR is going to give you the maximum exposure because they know how to market and advertise properties. Example, I currently have over 400 buyers in my database and possibly already have a buyer for your land.

I hope this helps.
Web Reference: http://www.TheKeysTeam.com
0 votes Thank Flag Link Mon Mar 9, 2009
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