All Forum Posts by: Account Closed

Hi Frank,

I have a few reasons:

- In my local market, the housing market is strong. The land market however is dead (especially for only 1.5 acres) so most of the realtors that focused only on agriculture and raw land have gone away or switched their focus. Basically, I don't think my property will get the focus I need it to get.

- I believe a land buyer is different than a home buyer. My property is ideal for a custom-home site or place to hold a couple horses. I believe the demographic of my customer leans more towards a business mentality and I'm sure they wouldn't mind saving a few bucks negotiating the asking price down. I save on commission and the buyer saves on price. There just needs to be a middle ground. 

- Tying to my previous point, more times than not I've noticed realtors who sell land represent both the buyer and seller, double-dipping on the commission. If the buyer is not going to come from a buying agent, why not try to sell it myself?

- I don't mind the experience. This isn't a property I need to sell tomorrow. It's easier than ever to price and market your own property.  I thought I'd give it a shot. If it doesn't work out I can evaluate the realtor route again. It's the documentation portion I'm most concerned about and need to make sure I'm up to speed.

- I'm quitting my job in a month and need something to do.

Regards,

Palbir

Hello - short-time reader, first time poster. I love what Josh and Brandon are building here. It reminds me of another favorite site of mine which is The Motley Fool. I know not everyone here is a fan of stock market investing but the heart and soul of their product is educating, learning together, and having fun with the process. I see that same culture being built here and it begins with the community. Now, on to my questions.

I plan on selling 1.5 acres of land with front-road access but no utilities. It's zoned agriculture but is ideal for a custom home with or without an in-law suite. I want to sell this on my own, without assistance from a real estate agent or lawyer. I was hoping someone can guide me to a place where I can get standard legal forms for the sale. Below is a list of forms I think I need for the State of California. Am I missing anything?

• Sale Contract
• Real Estate Transfer Disclosure Statement (shouldn't be many given that it's raw land)
• Natural Hazard Disclosure Statement
• Credit Information Form (I am open to financing up to 60% of selling price)
• Installment Land Contract (If I do indeed finance the property)
• Offer To Purchase Real Property
• Counteroffer To Purchase Real Property
• Acceptance Of Purchase Offer
• Deposit Receipt
• Contingency Release

I imagine a Title company needs to be involved to assist with processing the change of title documents and hold funds in escrow. Is this something the buyer decides on or should I utilize a company of my choosing during the sale process.

The first one is always the toughest. Now that my first post is up I look forward to many more.

Regards,

Palbir