6 Right Ways to Sell Land and its Requirements
It is common knowledge that property is a profitable investment. Property has various types including plots, landed houses, apartments, shop houses / office houses, factories and warehouses. Each type of property has its own advantages from an investor's point of view. One type of property that investors often hunt is land or what is also known as a lot. Unlike other types of property, land plots investors generally have their own characteristics. Investors have various criteria and preferences in buying land lots for sale. This depends on the investment objectives of the investor. The next question that often arises is how to quickly sell the plots of land and what are the requirements for selling the land and how to choose the land for sale?
Check out the following tips!
1. Make sure the plot is ready for occupancy
The most important thing before carrying out the buying and selling process is to ensure that the land or plots that are being sold have been tidied up. Make sure you have cut out any growing grass and shrubs. Make sure you have also cleaned your lot of trash or used garbage burns. You can also cut down wild trees that aesthetically spoil the appearance of your plot. Avoid objects or situations that detract from the prospect's interest. Give a first impression to the prospective buyer that the lot is physically well maintained.
2. Promote Development Potential of Land for Sale
Make sure you don't just promote your plots of land regarding the specifications of the land area and location and the desired selling price. It would be nice if you list the potentials that can be generated from the land or lots being sold. You can promote its strategic location near the main road, near transportation access and the potential to build hotels or offices, as well as several other potentials that are in accordance with the actual situation. The more potential your land is, the faster your land will be sold. This is because you are not only selling the land, but selling the potential of the area.
3. Sell At Fair Prices
One of the motivations for investors to invest their money in property is to get capital gains. It is not uncommon for many of them to sell their property above the market price, so that during the negotiation, a selling price was obtained that was in accordance with the market. This strategy is sometimes a boomerang for sellers. Buyers will be reluctant to contact you because the opening price is too high at the market price.
Give a fair price according to the market. You can make comparisons with similar plots of land where there is no building yet. Make sure the comparison price is near the location of your land. Open a fair price for the land to be sold. You can also determine the selling price based on the amount of the Tax Object Selling Value (NJOP) stated on your PBB payment receipt.
4. Promote To Neighbors
Sometimes it's a good idea to sell property to neighbors who are next door to getting your property to sell quickly. Adjacent neighbors will usually be interested in buying the land next to them. This will make their property even wider. Offer your land to neighbors first or to relatives you know. If they are interested and want to buy it, then you don't need to bother looking for ways and strategies to make your property sell quickly.
5. Advertise on the Marketplace
The next fast way to sell lots is to sell them on the marketplace. Nowadays there are lots of specialist marketplace portals selling properties where you can advertise your property for sale. You just have to register your name, email address and telephone number on the marketplace and start advertising. Some of these marketplace portals charge a fee for each ad post within a certain serving period. This is quite effective in bringing in prospective buyers.
6. Cooperating with property agents
It is a very good idea to collaborate with real estate agents in marketing the lots for sale. By working with property agents, every promotional activity is carried out by property agents. Property agents are tasked with advertising your lot either through advertising banners, flyering, open houses, sounding in various property groups and marketing the land for sale online. Property agents will also help find potential buyers through various communication media. Another advantage that you will get is that the property agent will take potential buyers to the location of the lots for sale without having to go to the property location.
Working with a property agent is the right decision because the process of buying and selling land is not as easy as you might think. A lot of time and effort must be allocated specifically. You don't need to worry because there are so many conveniences provided by property agents. Make sure you choose a property agent who is professional and has a clear track record. Ray White Bukit Darmo Golf is a professional property agent. Since its establishment in 2015, Ray White Bukit Darmo Golf has continued to earn achievements and various prestigious awards. Ray White Bukit Darmo Golf will be happy to assist you in marketing the plots for sale so that they can be sold quickly.
Terms of Sale and Purchase of Land
1. Make sure your land is not in dispute
It is the owner's obligation to provide a guardrail to mark the ownership boundaries. It will be even better, if you give a sign or an indication that this land belongs to you and is under your control, as the legal owner. This is so that your land is not "taken over" by other people who use your land without permission. Land that is in dispute cannot be traded, prior to a court decision regarding legal ownership status. For that, make sure the land to be sold is dispute free.
2. Ensure the Legality of Land Ownership is Guaranteed
You must ensure that the land to be sold has legal documents. Just like when you want to sell a house or apartment, you must show proof of ownership in the form of a certificate of ownership and supporting documents. If the land that is owned has not been carried out in the process of resolving the land certificate, it is better if the land certificate is cleared first. This is to make it easier for you when you want to sell the lot.
3. Make Land and Building Tax Payments
Make sure you, as a seller, have paid the Land and Building Tax (PBB) so that there are no arrears. Remember, wise people, obey taxes. This is important because when the sale and purchase transaction is carried out in the presence of a Notary Public / PPAT, the Notary / PPAT will ask you as a seller to show proof of PBB payment for at least the last 5 years. Don't forget to save the proof of PBB payment as strong evidence when going into the process of buying and selling land lots. This is important to do because it is a prerequisite for buying and selling land lots.
4. Perform the Buying and Selling Process at the Notary / PPAT
So many land brokers and speculators make you have to be careful in making land buying and selling transactions. Don't fall victim to a scam where you buy land in dispute or buy land with fake certificates. This will cost you. Instead of getting profit but getting misfortune. For that, make sure you make a sale and purchase transaction with a Notary Public / PPAT. It is the obligation of the Notary / PPAT to check the legality of the land prior to the sale and purchase process. Notary / PPAT will not continue the sale and purchase process if the legality of the land ownership document is of doubt.