Hawaii’s tropical climate, natural biodiversity and cultural allure make the state a premier locale for land ownership beyond compare within the continental US. Yet paradise’s allure comes balanced with high purchasing costs for residential and commercial properties, and navigating the process of selling land in The Aloha State requires full due diligence, local guidance and savvy digital marketing tactics.
Unlike traditional real estate transactions, the sale of raw land involves a more complex set of legal documents and specific processes. From establishing clear motivations and evaluating property value to documenting purchase terms, maximizing sales visibility online reaching qualified buyer prospects and diligently managing closings, selling land by owner presents many practical challenges for DIY-style sellers.
However, by thoroughly understanding key documentation requirements, leveraging creative purchase terms expanding buyer targets and applying savvy digital marketing tactics, private land sellers can absolutely orchestrate profitable sales solo retaining the extra 10% typically paid to agents in commission fees.
For the most successful outcomes, start by evaluating market trends and understanding property value drivers for your area. Research comparable land plots sold nearby to see what buyers are willing to pay for similar qualities like proximity to water, zoning restrictions, views, soil quality and other factors. It’s also a good idea to consult an appraiser if you’re unclear on your parcel’s current valuation.
Then, establish your own goals around the sale price, timeline and method (traditional listing, auction etc). By setting targets early you can pace yourself and avoid over or undervaluing your land which can turn off potential buyers.
Once you’re ready to sell, work with a lawyer who can handle the necessary searches and title transfers, draft contracts, connect you to an escrow company and coordinate required inspections. You’ll also need to leave yourself enough time for closing procedures, which typically take 35-60 days. Don’t forget you’ll likely realize a profit from your sale and need to file capital gains taxes if the land wasn’t your primary residence, so consult with a tax professional to determine if you’re liable.
For many Hawaiian landowners, divesting unwanted property through private sales offers an attractive alternative to costly agent commissions and lengthy MLS listings. Working with reputable land buying companies like Land Boss: Your Hawaii Land Buyers simplifies the process of transferring land ownership, while also helping owners secure fair cash prices in an expedited timeframe.
Whether it’s an investment opportunity, a lifestyle change or estate planning, many landowners are motivated to sell unwanted Hawaii land assets. As the state experiences continued upward pressure on property values, converting land into immediate funds makes sense. Land Boss: Your Hawaii Land Buyers understands the motivations of sellers and helps them complete their desired transactions. Contact the team today to learn more about how they can help you.