Whether you’re selling raw acreage near Phoenix, a ranch property in northern Arizona or a stretch of desert in the south, establishing realistic timelines for closing is essential for expediting your sale. In this comprehensive guide, we explore the average land sale timelines across Arizona and examine why some transactions linger longer than others. By implementing optimal pricing strategies for cash buyers and being prepared to address snags, you can accelerate your sale and sell your Arizona land fast.
Vacant Sell land fast in Arizona is a unique asset class with a different set of challenges when compared to residential and commercial real estate. As such, a typical timeline to sell land in Arizona can span anywhere from 6-24 months depending on the local market and specific property. To assess how long your parcel will take to sell, consider comparable recent land sales in your area, and compare your land’s terrain, views, road access and improvements with similar properties. More challenging parcels tend to linger longer, while move-in-ready sites typically sell more quickly.
A variety of issues can delay a land sale, including regulatory compliance and financing requirements. For example, zoning changes to allow for new home construction on a vacant lot can require public hearings and extensive environmental impact studies, which can add weeks or even months to the overall closing process. Similarly, the time required to research, verify and legally transfer water rights can hold up deals. With over 40% of Arizona’s total land being owned by the federal Bureau of Land Management, finding available private vacant parcels can be a challenge for builders, developers and individual homeowners alike.
The most obvious issue that can prolong a land sale is the buyer’s ability to secure funding for their purchase. The average mortgage lender will require a property survey before issuing a loan, and this can add up to an additional month or two to the overall closing process. In addition, lenders will generally only offer financing on parcels that meet their minimum lending standards.
As a result, the quickest way to sell your land is to sell it directly to a “we buy land” company. This method bypasses the typical lending and inspection processes, allowing you to close on your land transaction as soon as you’re ready. For this reason, it’s ideal for sellers who need to sell their Arizona land fast. Whether you’re going through a divorce, need to relocate for work or are facing foreclosure, selling your land for cash can give you the funds you need to get out from under it all. Contact us today to learn more about how we can help you sell your Arizona land for cash. We have a team of experts standing by ready to assist you. We are a national investment firm with years of experience purchasing property in the United States and have completed hundreds of successful transactions. Our expertise and hands-on approach make us an industry leader. We are dedicated to helping our clients get the most value from their Arizona real estate investments.