Selling Land ? Avoiding the Pitfalls
Article by Steven J Martin
Land is one immovable resource that has the power of quality compound interest. All over the world, people buy and sell land for various proposes. Becoming a landlord or land owner is indeed one of the greatest achievements you can ever make in life. It makes you secure your future especially when you retire from active service.
Indeed, selling land these days demands real diligence and carefulness. Ever since the ages began, man has been in constant pursuance of land. In various villages especially in the traditional African setting, lands belong to head of families who do divide them according to the number of the males in their families. In some parts of the world, major lands belong to the government of the federation while minor lands belong to individuals especially in remote villages.
However selling land has not always been a fun fare. It is one vital decision you must have to really think about before you dabble into it. Oftentimes, people sell their landed properties because of one challenge or the other. Most times, people do so to raise funds for other pressing needs. In any case, there?s nothing wrong in selling land but there?s everything necessary for you to think twice before you sell. Land is a real income multiplier. It can double your income overtime as the future comes.
In selling land, there are some pitfalls to guard against. You need to be aware of certain factors in order to make the most out of the land you want to sell.
The first pitfall to avoid in selling land is rash decision. You don?t need to rush into the selling of the land because of the pressures around. You need think over it and then take the right decision. This is because, once you sell the land, it ceases to be yours forever.
Another pitfall you also need to avoid in selling land is that of doing everything between you and the buyer. You need to follow due process in order to avoid legal proceedings that might occur in the future. Hence, you need to engage the services of a lawyer or land sales agent.
In most states, of America and elsewhere in the world, there are people known as estate surveyors or estate agents, they are also known as land sales agents. These individuals are known for their dexterity in helping you to sell your lands. Such agents usually have the duty of getting a good buyer for you. Many times, agents usually get the highest bidder for the land in question. Most agents are doing the work as a real business. Hence, you need to pay them for it. Usually agents will do the bargaining for you. Many times, they can add more cash on top of the particular price you want to sell the land. From such increases they make their own gain.
Finally, you need to be very careful when it comes to selling land. Lands are immovable; hence, they are wonderful properties to keep. But if for any reason you have to sell, make sure you do so in the right manner. If you?re the head of the household, it is very vital to let every other members of your family to be aware that such step is in the offing. Thus, always be very diligent, careful and determined when taking such a decision to sell a land.
About the Author
Steven Martin is an experienced land purchaser and also provides a Quick Land Sale service. He works at http://selling-land.co.uk/
Posted by Dan on Thursday, June 30, 2011 at 3:31 pm?
Filed under Land ? Tagged with Active Service, Avoiding, Becoming A Landlord, Buy And Sell, Buy Sell, Compound Interest, Diligence, Income Multiplier, Land, Overtime, Pitfall, Pitfalls, Power Quality, Quality Compound, Rash Decision, Right Decision, Rush, Selling, Vital Decision
Source: http://www.theyellowads.com/real_estate/selling-land-avoiding-the-pitfalls
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