Frequently Asked Questions
Maybe you have a few questions. That’s okay; most people do. So here’s a quick collection of some of the questions people ask us… along with our answers. If you still have a question, don’t hesitate to contact us (or give us a call) and we’ll be happy to answer it for you.
Q: Will you be listing my land on the MLS or actually buying it?
A: Great question. We’re not agents, and we don’t list houses. We are professional land buyers: We buy land in South Carolina that meets our purchasing criteria. From there we may improve the land and resell it to another land owner or keep it as an investment ourselves.
Q: Do you pay fair prices for properties?
A: Yes. The prices we pay are fair and a win-win for both parties. We do not pay retail, however, that cost can be made up when you factor in the fact that we charge ZERO in commissions, plus we pick up all associated administrative and closing costs. In addition, we close very quickly because we are paying in cash. This saves you money by shortening the period of time in which you are responsible for taxes, assessments, and maintenance of the property. Remember, the land market is very slow, selling the traditional way, and using a realtor to find a buyer can take months if not longer. Costs incurred over this time can add up fast. Before binding yourself to a realtor, get our offer and run the numbers for yourself. There is zero obligation.
DOWNLOAD our free guide that walks you through the Pros and Cons (plus the cost and timeline) of selling your house to a real estate investor… plus learn the pros, cons, and costs of the other two alternatives… listing with an agent or selling it yourself.
Q: How do you determine how much to offer for a parcel of land?
A: Great question, our process is very clear and straight forward. We look at what other properties are selling for, and what the market suggests they will do in the future. We take out what was paid in commission and fees on these comparable properties to get a price on which we base our offer. In addition we calculate the market there is for land of this type and the amount of marketing resources we’ll need to put into the transaction to re-sell your property to an end buyer. Finally is our profit. We earn a fair profit for this service and want you to walk away knowing that you reached your goals. When you get an offer from Palmetto Land Buyers LLC, we will fully explain how we have come up with it.
Q: Are there any fees or commissions to work with you?
A: Never. Not a dime. What we offer you is what you will take home. This is what makes us stand out from the traditional method of selling your land: There are NO fees or commissions when you sell your land to us. We’ll make you an offer, and if it’s a fit then we’ll buy your land. No hassle. No fees.
Q: How are you different from a real estate agent?
A: We are direct buyers. We buy land that is not being used in an effort to help it see it’s greatest potential. Let’s say a lot is located in suburbia. We will hopefully resell the lot to someone who is just waiting to build their dream house on it. Our goal is to help property owners feel elated by their real estate decisions. If you do have a piece of land that is doing nothing for you, maybe we can help you with the cash to find something better suited for YOUR needs.
Real estate agents list properties and hope that someone will buy them. The agent shows the properties to prospective buyers if there are any (the average time to sell a property in many markets right now is 6-12 months) and then take a percentage of the sale price if they find a buyer. Oftentimes, the agent’s commission is 3-6% of the sale price of your house (so if it’s a $100,000 house, you’ll pay between $3,000 – $6,000 in commissions to an agent). Agents provide a great service for those that can wait 6-12 months to sell and who don’t mind giving up some of that sale price to pay for the commissions. But that’s where we’re different: We’re not agents, we’re home buyers. Our company actually buys houses. We don’t list houses. Since we’re actually the one buying the house from you, and we pay with all cash… we can make a decision to buy your house within a couple of days (sometimes the same day). Again, we make our living by taking the risk to buy the house with our own cash, repair the house, and market it ourselves to find a buyer (which is the hard part in this market).
Q: Is there any obligation when I submit my info?
A: There is absolutely zero obligation for you. Once you tell us a bit about your property, we’ll take a look at things, maybe set up a call with you to find out a bit more, and make you an all-cash offer that’s fair for you and fair for us. From there, it’s 100% your decision on whether or not you’d like to sell your land to us… and we won’t hassle you, won’t harass you… it’s 100% your decision and we’ll let you decide what’s right for you.
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Learn The Pros and Cons Of Selling Your Land To Local Professional Land Buyer– FREE Guide:
Download our FREE Guide here. Or, you can always feel free to Contact us anytime if you have questions, want a no hassle Situation Evaluation, or want to just learn more about how we can help homeowners sell unwanted properties for cash.
Get the FREE Guide and then give us a call at 803-250-6735 and we’ll discuss what your home is worth and what we can offer to buy it for with our Cash Offer Program.