Selling Land In Maine

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Selling Land In Maine

Are you thinking about selling land in Maine? If so then you might be wondering this common question: who pays when selling land in Maine. 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 Maine…

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 Maine,” 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.

Selling Land In Maine

Creating a timeline for selling land in Maine can help you stay organized and ensure a smooth transaction. Here’s a sample timeline to give you an idea of the key milestones and timeframes involved in the process. Please note that actual timelines can vary based on individual circumstances, market conditions, and local regulations.

Months Before Listing:

  1. 6-12 Months Before:
    • Evaluate Property: Assess the land’s condition, features, and potential uses.
    • Consult Professionals: Engage with a local real estate agent or attorney to discuss your goals and get preliminary advice.
    • Gather Documentation: Collect important documents, including property deeds, survey reports, and tax records.

Months Leading to Listing:

  1. 4-6 Months Before:

    • Property Improvements: Make any necessary pre-sale improvements to enhance curb appeal.
    • Zoning and Land Use Review: Verify current zoning regulations and land use restrictions.
    • Preliminary Pricing: Work with professionals to determine a preliminary asking price based on initial assessments.
  2. 3-4 Months Before:

    • Professional Survey: Conduct a professional land survey to provide accurate boundary lines.
    • Market Research: Research comparable sales in the area to refine your asking price.
    • Legal Consultation: Consult with an attorney to ensure all legal aspects are considered.

Listing and Marketing:

  1. 2-3 Months Before:

    • Finalize Asking Price: Set a competitive asking price based on market research, adjustments, and professional advice.
    • Marketing Strategy: Develop a comprehensive marketing strategy, including online listings, professional photography, and detailed descriptions.
    • List Property: Activate online listings and work with your real estate agent to market the land.
  2. 1-2 Months Before:

    • Negotiate Offers: Review and negotiate offers with potential buyers.
    • Purchase and Sale Agreement: Draft a detailed Purchase and Sale Agreement with the buyer.
    • Due Diligence Period: Allow the buyer a due diligence period for inspections and research.

Closing Process:

  1. 1 Month Before Closing:

    • Closing Preparation: Work with professionals to prepare for the closing, ensuring all necessary paperwork is organized.
    • Address Concerns: Address any outstanding issues or concerns raised during the due diligence period.
  2. Closing Day:

    • Attend Closing: Attend the closing with your attorney, real estate agent, and any other necessary parties.
    • Transfer Ownership: Sign the necessary documents to transfer ownership officially.

Post-Closing:

  1. After Closing:
    • Record Documents: Ensure the necessary documents are recorded with the county office to complete the transfer of ownership.
    • Notify Utilities: Notify utility companies and relevant entities of the change in ownership.
    • Provide Information: Provide the new owner with any relevant information about the property.

Remember, this timeline is a general guide, and you should adjust it based on your specific circumstances. Collaborate closely with local professionals, such as real estate agents, attorneys, and surveyors, to ensure a successful and compliant land sale in Maine.

Selling Land In Maine

How It All Works

STEP 1

Contact Us

We research the details of your home and start crafting an excellent offer for you.

STEP 2

Get Your Offer

We present you with a fair cash offer with no obligations or fees.

STEP 3

Get Paid

Get the cash you need now. You do NOT have to wait 6 – 12 months to get your house sold.

Selling Land In Maine

We Buy Houses Maine
“Sell My House Fast For Cash”


Areas We Buy Houses In Maine

Tristate Holdings 167 Inc. has been helping people sell houses fast all over Maine.

We buy houses all over Maine and surrounding areas. Our goal is to simplify the selling process of your home by offering you a fair price based on the home’s current condition.

If you think we could help you, don’t hesitate to give us a call and see if you want to sell your Maine house for a suitable cash offer.

Contact us today! 🤙1-(888) 788-7478.

Easiest Way to Sell Your House In Maine

When it’s time to sell your Maine house, you want to make the process as simple as possible. That’s what our cash-for-houses company is all about. We’ll provide you with a fair all-cash offer on your house without involving real estate agents. We take care of all the hassles so you can enjoy simply selling your house and transitioning to the next chapter of your life.

Tristate Holdings 167 is a team of Cash Home Buyers. We Buy Maine Houses in the following areas, (Portland, Augusta, Bangor, Bar Harbor, Lewiston, South Portland, Rockland, Scarborough, Wells, Biddeford, Saco, Kennebunkport, Ogunquit, Kittery, Windham, Ellsworth, Presque Isle, Kennebunk, Gorham, Houlton, Old Orchard Beach, Bridgton, Skowhegan, Brewer, Caribou, Topsham, Bethel, Gray, Orono, Rumford, Gardiner, Norway, Lincoln, Oxford, Calais, Rangeley, Cape Elizabeth, Berwick, Poland, Boothbay, Fryeburg, Wiscasset, Machias, Cumberland, Hampden, Damariscotta, Millinocket, Hallowell, Standish, Fairfield, Waterboro).

Whether you are trying to avoid foreclosure, inherited a property you do not want, dealing with a divorce, or are fed up being a landlord dealing with tenants, we can help. If you need to Sell Your Maine House Fast, we offer Cash for Homes in Maine!

If you want to sell land in Maine 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 1-(888) 788-7478.

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