We buy houses in Artesia California. You may have spent some time on the fence, like a land owner in Artesia, deciding whether to sell or keep your land. There are quite a few variables to consider, the solution is not always straightforward. We are homebuyers in CA and we’re going to ask a few questions in our latest blog post to help you decide whether to hold or sell your land in Artesia!
Should You Hold Or Sell Your Land In Artesia CA?
The decision to hold or sell is one of the toughest landowners will face. A few key elements such as finances, future use, and market trends will need to be addressed.
Why Do You Own The Land In California In The First Place?
You may have thought about building. If you’re keeping the land, you need to ask yourself if it’s really worth it in the hopes of building the future. If you don’t have concrete plans to build, it may make sense to find another piece of land when it’s time to actually break ground.
If you’re building a home in your future, make sure you’ve done a financial analysis of what the development of the land would cost. Besides the cost of the construction itself, items like permits, soil testing, grading, running utilities, surveys, drilling, paving, impact fees, landscaping and more must be considered.
Or perhaps the property has been an investment. Can you invest the money better somewhere? With time, your land will appreciate, then again, maybe not. If you’re after returns, you may want to consider properties that can provide a steady stream of income.
Sometimes as part of an inheritance or marriage, people receive land. You may enjoy the idea of having land in your name. However, selling your Artesia land and using the proceeds in a way that will benefit you better may make sense.
What Does Owning The CA Land Cost You?
The land ownership cost is much lower than owning a structure. However, there are still to be dealt with out-of-pocket expenses. Each year you will have to pay taxes and any repairs you need on the property. The city can allow the land to be kept clear in order to avoid overgrowth, depending on the location of the lot.
You will have to pay “opportunity costs” in addition to taxes and maintenance costs. When your money is tied up in the land, you might miss out on more lucrative investments. It will probably take years for you to see real land-owning profits.
What Will Selling Your Artesia Land Really Cost You?
It can be difficult to sell Artesia land. There is just not as big a vacant land market as there is a housing market. You will have to pay their fees and commissions just like the selling of a house if you want to list your land with an Artesia agent. You’re also going to have to wait to get your money. Land can sit for months at a time on the market.
Sell My House In Artesia CA
Another common option is to work with a direct buyer like Premier Property Buyers to sell your house in Artesia CA fast. We are your local Artesia home buyers and we offer cash for houses in California. You won’t have to deal with rates, commissions or any of the other listing issues when you choose to sell directly. There’s no waiting around when you sell to us. We can close really quickly so that you can immediately turn your unused Artesia land into cash!