- Title Search & Title Insurance
This is the first thing you should do before putting your property on the market. If you did not do this when you purchased or inherited the property there is no better time than right now. Issues such as access and un-discharged mortgages to name two could cost you a sale, money or both. If any issues are discovered correct them now. A cursory title exam should cost from $400 - $750.
- Survey
Do this when you purchase. If the seller has not already done so, try to negotiate this as part of the sale. Once done, be diligent about keeping the boundary lines cleared and painted. Occasional maintenance will save thousands of dollars later. Survey cost will run from $1,000 and up depending on the size of the lot and other factors.
- Soil Test
Most every buyer asks if this has been done before coming to visit a property. Take this issue off the negotiating table by being proactive. A preliminary soil test in a choice location will satisfy most buyers. Cost will range from $250 for a preliminary to $400 - $750 for full septic system design.
- Offer Owner Financing
If you have no immediate need for cash, holding paper is an option which could help sell your land faster and for more money. Conventional banks often require down payments beyond the means of many buyers. Your reward will be a rate of interest much greater than the current rates on CD's, savings accounts and bonds. Hire a professional to help set this up and comply with government regulations regarding private financing.
- Walking Trails/Clearings/Food Plots
A day or two of work on your land creating access trails, clearings to open views and establishing food plots for game is sweat equity worth the time investment. Potential buyers don't want bushes hitting them in the face any more than you do. Cost - Your time and equipment; $600 and up if you hire it done.
- Driveways & Access Roads
Being able to drive onto a property is a BIG plus for most potential buyers. If your property has a driveway or existing road system maintain it over time. Consult a land professional before starting this project. DOT driveway permits and other issues may apply. The cost will vary widely depending on slopes, required culverts, the availability of local gravel and other factors.
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