Selling land in Florida is a unique and often complicated process. Unlike residential or commercial real estate, vacant land requires more than just an advertisement and listing price. There are a number of legal documents that need to be prepared and signed for the sale to go through. In this article, we will walk you through some of the most important pieces of information and documents required when selling land in Florida.
First, you will need to get a Parcel Number from the county office or courthouse where your land is located. This number will help you identify your property and determine which government entity has jurisdiction over the land. You can also find this number on the deed of your property.
Next, you will need to prepare a purchase and sale agreement. You can find templates online that will provide a framework for the agreement, or you can hire an attorney to create an effective contract. The agreement should include the parcel number, your name as the current owner of the property (as written on the deed), the buyer’s name and address, a closing date, the purchase price, closing costs, and property taxes.
Once you have the legal documents in place, you will need to have your land surveyed. This is essential for a few reasons. Firstly, it will let you know the exact boundaries of your land so that you can advertise it correctly. Secondly, it will help potential buyers to better visualize the land and what its potential uses may be. Finally, having a survey will help to speed up the sale process by eliminating any issues that could delay or halt a deal.
Setting the right asking price is essential when selling land. Overpricing will deter potential buyers and prolong the sales process, while underpricing will prevent you from maximizing your profits. To determine the best asking price, compare your property to similar properties in the area. Factors to consider include location, size, zoning, and amenities.
Lastly, you will need to prepare a closing statement for the transaction. The closing statement will list the financial details of the sale, including the purchase price, seller’s closing expenses, and any lender charges. This statement will be signed by both parties and then submitted to the proper authorities for recording.
There are many ways to sell land in Florida, but the most effective way is to work with an investor who will buy it for cash. This will save you a lot of time and hassle, and it will also allow you to avoid the complicated real estate process. If you are interested in selling your land, you can contact a local real estate investor today. They will be able to give you an offer for your property in just a few days. They can handle the entire transaction from start to finish, making it quick and easy for you! Just fill out our form here, and we’ll be in touch.