When you Sell land for cash in New Hampshire, the buyer will pay your asking price upfront without needing a mortgage. This eliminates the typical lengthy home sale process, which includes obtaining loan preapprovals, conducting inspections and appraisals, and completing the paperwork through closing. Typically, this results in a faster and smoother closing than traditional sales. However, there are also disadvantages to Selling land for cash, including the possibility of not being able to find a willing buyer.
Many home owners need to Sell land for cash due to financial problems or life changes. For example, they may be behind on their property taxes, have a costly inheritance that they want to get rid of, or find themselves in the midst of a divorce. Whatever the reason, a cash offer can provide the liquidity you need to resolve your situation quickly.
Local Real Estate Investors
There are numerous local real estate investors who specialize in buying properties for cash. They can help you sell your property in as little as a week, and they typically have a wide network of buyers that can compete for the property. However, working with a local real estate investor can be more time-consuming than selling on the open market, as they will need to perform all the usual tasks of marketing and negotiating with prospective buyers.
Real Estate Transfer Tax (RETT)
The Real Estate Transfer Tax in New Hampshire is a tax imposed on the sale, granting, or transfer of an interest in real estate, which includes a fee of 0.75 per $100 of the consideration. The tax is paid by both the seller and the buyer.
Cash Home Buyers
A cash home buyer is a private investor who has the funds to purchase your property on an as-is basis, meaning you won’t have to do any repairs before closing. They typically pay 30% to 70% of your property’s fair market value and will deduct any costs for immediate repairs.
Real estate marketplaces like HomeLight’s Simple Sale can match you with top local cash home buyers, making the selling process easier and more efficient. All you need to do is answer a few questions about your property and your move-out date, and you can receive an all-cash offer in as little as a week.
Alternatively, use Clever Offers to have a local real estate agent shop for cash offers from the top We Buy Houses companies on your behalf. You’ll also receive a professional home valuation and have an expert negotiate on your behalf.
If you’re selling your bare land on a tight timeline, it might be best to skip the traditional home sale process altogether and work with a New Hampshire we buy houses company. A reputable we buy houses company will conduct an in-person inspection to assess your property’s condition and submit a preliminary offer within minutes. After adjusting for repair expenses and holding costs, the company will present a final cash offer that you can accept or reject.