The actual amount of money you make on your land sale will depend on a number of factors, including the current market value of the land, the condition of the land, and the negotiation skills of you or your real estate agent. In general, you can expect to net between 70% and 80% of the sale price of your land after closing costs are paid.
Here are some of the factors that will affect the amount of money you make on your land sale:
- Current market value of the land: The current market value of the land is the most important factor that will affect the amount of money you make on your sale. The higher the market value of the land, the more money you will make.
- Condition of the land: The condition of the land will also affect the amount of money you make on your sale. If the land is in good condition, you will be able to sell it for more money than if the land is in poor condition.
- Negotiation skills: Your negotiation skills will also affect the amount of money you make on your sale. If you are a skilled negotiator, you will be able to get more money for your land than if you are not a skilled negotiator.