In Massachusetts, real estate licenses are not required for FSBO transactions, meaning you can legally sell your land without the assistance of a licensed real estate agent. This can save you a significant amount of money in commission fees, which typically range from 5% to 7% of the sale price. However, it’s important to note that FSBO sales often involve more time and effort compared to agent-assisted sales, as you’ll need to handle the marketing, negotiations, and paperwork yourself.
To successfully sell land by owner in Massachusetts without a license, follow these steps:
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Prepare your property for sale: Ensure your property title is clear of any liens or encumbrances. Conduct a property survey to identify boundaries and easements. Stage your land to enhance curb appeal.
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Gather essential documents: Collect your property deed, tax records, and disclosures to provide potential buyers with accurate information.
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Create compelling online listings: Utilize popular real estate websites, take high-quality photos, and write a detailed description highlighting the property’s features.
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Respond promptly to inquiries: Establish clear communication channels, respond within 24 hours, and schedule viewings for interested buyers.
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Negotiate and close the sale: Review offers carefully, engage in negotiations, seek legal counsel, and prepare for closing arrangements.