The Trusted Home Buyer Logo602-456-4440

Who Pays When Selling Land In Phoenix

Martin Boonzaayer

December 5, 2019

Are you thinking about selling land in Phoenix? If so then you might be wondering this common question: who pays when selling land in Phoenix. In this article, we’ll reveal the surprising answer.

When people think of selling land, they think of handing over the deed and accepting a check for the property. Makes sense. At first you might think that the buyer pays the seller. But that’s not really how it works and you might be surprised at who pays when selling land in Phoenix

Who Pays When Selling Land surveying

If you’re the seller, you’ll have to pay first! You’ll probably have to pay for a survey or a site analysis, or for a geologist to look at your property and tell you what potential it has.

Then you’ll work with a real estate agent to try and sell the property. There will probably be additional expenses that you’ll have to cover while the agent tries to find a buyer. For example, you’ll have to pay any mortgage, bills, taxes, and insurance on the property in the months that the agent is looking for a buyer.

When an agent finds a buyer, then you may need to work with a lawyer, a title company, and potentially others as well to complete the paperwork. Yes, YOU are paying for all of this the entire time.

Once the paperwork is complete, you will get the money for the property – after your mortgage is paid off and any liens are taken care of). That money might either come from the buyer themselves (if they’re paying cash) or it might come from the buyer’s bank (if the buyer had to get a mortgage to buy the properties).

But your paying is not over yet! Once it’s all said and done, you’ll also have to pay the agent’s commission… and that typically comes out of your pocket.

So, to answer the question, “who pays when selling land in Phoenix,” the answer is that you’ll pay over and over and the buyer or their bank will pay you once.

A lot of sellers are realizing that this is not the best way to sell, especially if you don’t have the cash in hand to cover those expensive up-front costs. Sure, it’s nice to gamble on the possibility of getting a higher selling price (although you might not get what you’re asking for the land); it’s no wonder why so many sellers are looking for a faster way to sell land – by getting a fast cash offer and bypassing all of the costly and complicated steps, above.

If you want to sell land in Phoenix but don’t want to pay all those costs, why not just see how much we’ll pay for your land? Click here now and fill out the form or call our team at 866-488-9923.

Explore more

December 15, 2021
How To Sell A Hoarder Home

The traditional way of selling your home might work for some, but what if you are dealing with costly home repairs or own a lot of stuff. If your home is full of things that you have collected over the years, it can get overwhelming trying to navigate home showings, listings, and everything else that […]

Read More
December 10, 2021
The Merger and Acquisition of urapc.org and thetrustedhomebuyer.com

Now you might ask why would a home buying company like The Trusted Home Buyer acquire a domain with the name "urapc.org"? Good question and we will get back to it in a bit but first, let's talk about the history of this domain. The furthest record we could find about urapc.org dates back to […]

Read More
November 19, 2021
Write For Us

We welcome individual bloggers / Professional Writers / Freelancers to submit high-quality content. You can submit for consideration an original article that is not already published anywhere else, even on your website, with content based on your personal experiences and professional expertise. We will review the article and publish it if accepted. We reserve the […]

Read More
July 30, 2021
How to Sell Your House Webinar With Martin Boonzaayer
Read More
The Trusted Home Buyer Logo
Copyright © The Trusted Home Buyer
WE BUY HOUSES IN:

4.7 60 reviews