Not every property I buy is bare land. A lot of rural tracts come with an old farmhouse, a mobile home, a barn or a house that needs a lot of work. If you're trying to sell land with a house on it, here's what to know.
Why listing a rural home can take a while
If you list it the traditional way, a few things can slow it down:
- Financing is harder. Many lenders are pickier about rural homes, older homes and properties with a lot of land attached.
- Inspections and repairs. Older septic systems, wells, roofs and foundations can hold up a bank buyer after inspection.
- Appraisals. It can be hard to find comparable sales for a unique rural property, and a low appraisal can stall a buyer's loan.
- Mobile homes. Older manufactured homes can be tricky for bank buyers to finance.
None of that matters when you sell to me. I don't need a bank, an appraisal or an inspection.
What I look at
- The condition of the house and whether it's livable as is
- How many acres come with it and what the land is like
- Water and septic, whether it's a well, a water co-op, or city water
- Road frontage and access
- Barns, shops, fencing and other improvements
- How far it is from town and jobs
Your options
List it if the house is in good shape and you have time to wait for the right buyer and their lender.
Sell it as is to a cash buyer if the house needs work, or you just don't want to deal with repairs, cleanouts and showings. A cash buyer doesn't need a bank or an appraisal, so there's no loan to fall through.
I buy land with houses on it
Yes, I buy rural homes and acreage as they sit. Old farmhouse, mobile home, full of stuff, needs a new roof, it's all fine. You don't have to fix anything or clean anything out. I close with my own money through a licensed title company and pay the standard closing costs.
If you've got a house on land you're ready to sell, request a free cash offer or call or text Noah at 530-829-8258.
