Colorado land sale without a realtor a realtor allows property owners to avoid real estate agent commissions, keeping more of the profit in their own pocket. But it’s important to understand the complexities of this type of transaction before taking on the responsibility of handling it yourself. This article covers key steps that sellers should take to prepare and market their land sale, while navigating the closing process and legal responsibilities.

Research Land Values

Pricing the land accurately is critical to attracting and retaining interested buyers. Start by researching comparable land sales in your area using tools like Zillow to identify a range of potential values. You may also consider hiring a professional to provide a formal valuation of the property.

Create a Professional Listing

Make your listing stand out by providing high-quality photos of the property and its unique features. Include detailed descriptions of the topography, terrain, vegetation, boundaries and views to help buyers understand and visualize the property. Be sure to disclose any zoning laws, restrictions or costs that could impact development or use (like water access, septic systems and surveying).

Schedule Showings

During the showing process, be prepared for buyers with specific questions about the land’s characteristics and intended uses. Be sure to respond promptly and politely to each inquiry, addressing concerns as they arise. Once a buyer’s offer is accepted, the closing period begins, which typically lasts 30-60 days. At this point, it’s a good idea to hire a real estate attorney to draft or review contracts, advise on disclosures and guide the closing process.