My dad bought this piece of land years back because of its low price. Since land values don't depreciate and continues to increase with time my dad thought it would be a good investment. The problem is, it's just too far from civilization. It has a road right of way but no developments ha still been made so you literally have to hike before reaching the place. The soil is very fertile for growing crops too but it's just too hard for supplies to be brought to that area. Many prospective buyers have been there and backed out after seeing the place. So how can a seemingly unsellable land be sellable at all? Any ideas?
While not many people would like to buy land that's in such a remote place, there are some people who might need a secluded spot far, far away from "civilization." I think it's better to leave this to real estate agents because it's their job to find the right buyers for any property.
Well you have to just find the right audience. It depends on how secluded and remote the land is, if it is as far away from civilization as you say then look for survivalists. Or maybe people that are into growing certain types of products where they don't want to be seen growing these types of products What you are saying is that the land is unsellable to most of the population, but for some people they might want land that is like that
I agree that real estate agents have to be the best to find a solution to that, they are professional. At the same time sometimes it's necessary to invest on the land to make it more appealing to be sold.
Well, if the location is poor then it will never sell for a high price. It's a simple fact of supply and demand, if you have had many interested people drop by but no one makes an offer, then the asking price could be a bit too high. At least let them know that the price is negotiable, that way you will have a better idea of what they are willing to give you for it.
Thank you for the encouragement. I hope we could find that kind of buyer soon. The place is nice especially when one wants to get away from all the buzz of the city and just have a little time away by himself but I guess the right buyer hasn't arrived yet.
The price has been negotiable right from the start but sometimes the buyers would bid too low for my dad to even have a suitable gain out of his investment. The land is on top of a hill so it's actually a very relaxing place. The only problem is the access to the place. It would take more years before any road improvement would happen.
You have to look at it from a different perspective. Bring a skilled agent into the picture and consider what they can do as far as advertising. You may consider coming up with a concept. You may find an investor if you went to different venues or if you approached a farmer whom has the equipment somewhere near the area who may want to lease the property for use. There are so many different aspects of how to sell the property or even lease it.
Thank you so much for those great ideas. I also talked to my dad about leasing the land while it's not yet being bought by anyone. This way, the land could at least pay for its own taxes. It has served as a non-profittable land for years and we are just paying taxes every year without gaining from it.
I'm a southerner, so the most obvious thing to me would be to turn it into hunting land if you can. If you can't, but have the capital, you could always build a small cabin up there with the basic and expected amenities. It would go from useless land to desirable private cabin quickly, and if you're skilled in trades you could do it yourself to save even more money. Then you could try renting the cabin out while listing it for sale, and just take whichever is the better deal at the end of the day - the residual income, or the lump sum from the sale. Furthermore, a person who rents the cabin and falls in love with it could easily become the person who buys it in the end. :EDIT: There is a growing tiny home movement, evidenced by TV shows emerging on the topic, and this plan could use that to double down. It's free advertising if you use keywords that target tiny houses.
