Before accepting an offer, it’s crucial to gather all the necessary information. Here are some key questions to ask a cash land buyer:
- Can you provide a detailed breakdown of the closing costs and who is responsible for each one?
- What is your timeline for closing the deal? (Understanding their urgency can influence your negotiation strategy)
- Do you have any contingencies in your offer? (These could be related to title issues, appraisals, or inspections)
- What is your experience in buying land like mine? (Look for a buyer with experience in similar properties or locations)
- Are there any references I can contact who have previously sold land to your company? (Speaking to past clients can provide valuable insights)