Construction Bargain Strategies
1-8. Buy land directly from owner. - Electronic Edition
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Because Elaine and I are planning to build again, we have invested in a few building lots. As landowners, we get regular
solicitations from professional land buyers like this: Dear Mark Smith: Recently, while reviewing the public records of Madison County, Idaho, I noticed that you own property in the county. I am writing to ask if you would consider selling your property to me. Please don't get the wrong idea. There is absolutely nothing happening on or near your property. There are no freeways going through, no new airports or malls being built. We are real estate investment company, and we simply buy raw land and hold it long-term. If you are considering selling your property, I am very interested in purchasing it from you. I can offer you a fast, trouble-free sale, as well as a fair price and immediate cash. Of course, I will pay all the fees. I have many satisfied customers who were glad to have cash rather than the burden of property ownership. If you would like to stop paying property taxes on your vacant land, and have some money in exchange for your property, please call us. We look forward to hearing from you. Anyone in our office can help you. Sincerely, David Lucas, President Land Service A toll-free number and email address were included. Recently I got another one, suspiciously like the first: Dear Mark Smith, Recently, while doing some basic research, I noticed that you own property in Utah County. I've learned over the years that many people don't ever really have the chance to take advantage of their land. It's either no time or no money. In the meantime the "Property" is just a source of Cash outflow every year, i.e.: Property Taxes Property Owners Association Fees Assessments Possible Liability (if someone gets hurt on your land) Etc. I am interested in buying your property and I think you will be pleased with my "ALL CASH" Net offer. When I say "NET", that means I will pay for all closing costs. What we agree on is what you will receive. To guarantee your satisfaction I will use a "National Title Company" such as First American and Fidelity. Typically I can have all your money to you in less than 60 days. Sincerely, Gary Dybdahl NRLL, Irvine, CA Again, a toll-free number and a website were included. You, too, can get organized and send letters to registered property owners in your target area. You may uncover someone who has recently developed a motivation to sell.
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