Selling Your Hawaii Land with Land Boss
Inheritance acreage tempts real estate developers, investors and vacation property seekers. However, capitalizing on inherited Hawaiian land can be a complicated process. A variety of complexities can elongate sales timelines and hinder deals.
For example, zoning requirements and documentation requirements often require legal assistance to navigate. Additionally, determining how to value land can be challenging because of the limited inventory of comparable sales and volatile market trends. Finally, financing issues may be a major stumbling block to closing a sale especially when a loan is contingent on the sale.
These snags can extend closing timelines by months or even years depending on the nature of the snafus. Thankfully, proven strategies can streamline Hawaii land sales and accelerate sale timelines for owners.
Key to optimizing a Hawaii land sales process is understanding key documentation requirements beforehand. It is important to work with a licensed attorney to prepare the required documents to sell your land. You will need to obtain a clear title, submit county and state paperwork, and work with an escrow company to complete the transfer. It is also a good idea to consult with a tax professional regarding capital gains taxes if you have been a long-term land owner.
To increase your chances of a quick and profitable land sale, be prepared to negotiate with buyers and meet contingencies. Cash buyers are a great option since they don’t typically require bank loans and can close faster. Additionally, reputable buyer companies like Land Boss are familiar with the nuances of selling Hawaiian land and can expedite the transaction.
Lastly, it is important to advertise your property Sell Your Hawaii Land with Land Boss correctly and stage the land well for showings. Post eye-catching “For Sale by Owner” signs on your property and at road access points. Create a website or use social media platforms to promote your land listing and include photos of the property. Additionally, print and post ads in local newspaper classifieds or penny saver circulars. Casting the widest possible net maximizes exposure to potential buyers, including those unable to travel island distances to view the property in person.
If you haven’t been able to close a sale on your land for some time, it is probably time to lower your asking price. Overpricing is one of the biggest factors in prolonging land sale timelines. Start by checking the prices of similar land plots sold nearby. This will give you a better sense of how much to list your property at for it to be competitive in the market and still secure a fair offer.