If you are in the market for a dream property, land liquidation sales are a great way to find your dream property, and a dream price. As with any land purchase, it is smart to know exactly what to expect. Here are 5 Myths of Land Liquidation Sales, and tips on how to make sure you’re working with the right company.
Myth #1.) The land advertised isn’t actually the land that is for sale.
While many companies may advertise for a piece of land that isn’t like the one actually for sale, there are a few reputable companies that adhere to very honest sales practices. In land liquidation sales, there are typically many pieces of land in the same area, of the same quality for sale. One sign of a reputable company are staffed Professional Land Consultants. These consultants are educated and can share information with you about each plot of land including the exact piece that is being advertised.
Since the properties at land liquidation sales are all first come first serve, the best way of ensuring you have a chance and scoring the plot you have your eye on is by building a relationship with your personal consultant and setting an early appointment on sale day. At Compass Land Group we are the only company that guarantees we are selling exactly what we advertise online. Each Professional Land Consultant’s job at Compass Land Group is to put you on the perfect piece of land, even if it isn’t the advertised piece. Just like no two buyers are the same, their needs aren’t the same either. Make sure the company you are buying through is determined to find your perfect piece of land, and not just determined to sell you any piece of land.
Myth #2.) Land liquidation sales are held by foreign companies, not local ones.
In the past there have many many stories of buyers getting in poor buying situations with foreign, or even out-of-state companies. Make sure the company you are buying through is local to the state you are buying in. These companies know the properties in the area better than anyone else, and will adhere to state regulations put in place to protect buyers, since they are monitored by the state they operate in.
A great example is Compass Land Group, which is North Carolina born and raised. Ben Beshears himself is a 3rd generation land professional in North Carolina. Combined, the Compass Land Group team of Professional Land Consultants have more experience than any other team in their market. Make sure whichever company you choose to purchase through has deep roots in the state you are buying in. No one wants to see happy neighbors more than a fellow local land owner.
Myth #3.) The photos on company websites are stock photos, not actual property photos.
Sometimes it is hard to tell if an image on a land sale website is a stock photo pulled from google, or a photo snapped by the land consultant themselves. The stunning views in North Carolina make just about everyone a professional landscape photographer.
Ask your Professional Land Consultant where the images on their website come from. If they can’t answer “we shoot them personally while we scout the land before the sale” then find a new company. At Compass Land Group every photo on our property listings were photographed by our team. Before each sale, our team personally hikes every property that will be listed, and snap some pretty stunning photos along the way!
Myth #4.) Land liquidation sales are high-pressure events that don’t give you any time to research the piece of land.
If the liquidation sale you are at feels more like a cattle call than a personal buying experience to find your dream property, turn around and run. Purchasing your dream property should never feel high pressure, and certainly shouldn’t be a decision made without all the facts.
The Professional Land Consultants at Compass Land Group personally contact buyers before the day of the sale to set up one-on-one appointments. During these appointments your Pro Land Consultant will take you on a tour through all available properties (this is why it’s smart to get the earliest appointment you can). It is their job to make sure you are purchasing the property that best fits your needs, and will surely be the slice of heaven you’r in the market for. Due to this commitment to making dreams come true, we work with all buyers for as long as it takes to deliver exactly what they want. No rush, no pressure, and no surprises.
From the first call, to the first time meeting with Compass Realty they were very professional and very knowledgeable about the area where the land was located that we purchased. They kept us up to date with emails and phone calls to make sure were aware of the auction date and time.
It was a wonderful experience, though being new to the auction world and having to make a fast decision to buy or not, we felt like we made a wise choice with the land we bought. Compass Realty was very experienced with buying and selling land and had the contract ready to sign when we were ready to buy.
Myth #5.) All of the land has restrictions, can’t be built on, or will be outrageously expensive to build on.
As with any major purchase, it is smart to do your research. And the first thing to research is the company you are buying through. A trustworthy company will be open and honest about each property they sell. After all, the best advertising is word of mouth, so a happy customer is the best customer.
That is why so many of Compass Land Group’s buyers are either a referral or repeat buyers. We guarantee all of our properties are unrestricted, and even put it in writing. We are so confident, that if you can’t build on your land, we will buy it back! We also work with builders so that we can explain potential building costs before you purchase. The cost to build depends heavily on the property you’d like, but that doesn’t mean it has to be outrageously expensive. We offer properties of all types, with the ability to build to your heart’s desire, no matter what that is.
We hope you now feel more confident than ever to go out and find your dream property! If you’d like to learn more about Land Liquidation Sales, or if you’re looking for your dream property in North Carolina, contact Compass Land Group today for a free, no-pressure consultation.