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Sell your vacant lot fast in Richmond VA

A vacant lot is a financial drain.

You have to pay taxes on property that doesn’t produce income.

You have to pay to cut the grass.

You have to pay to keep the lot clean of trash.

Sell Your Vacant Lot for Cash - Richmond VA

How A Seller Got Rid of Her Vacant Lot

A seller contacted me about her vacant land.

She was behind on property taxes.

Her home needed repair.

Her husband had some debt that had to be paid off.

Would I buy her vacant parcel in the city of Richmond VA?

She needed to turn that lot into cash, sell that property fast, so that she could take care of those other more important needs.

That lot was an illiquid assest that she needed to sell fast and turn it into cash.

Would I buy her piece of dirt in Richmond’s Church Hill?

She sold her vacant lot

Richmond City has many parcels of land where houses use to sit. Houses were torn down and the ground sits clean and ready for a new house.

This lot was one such empty lot.

She and I agreed to a price to pay for her parcel of land and the paper work went to the title company.

I even agreed to pay all her closing costs.

There were some delays due to title issues, but once the title was cleaned up, she sold her vacant lot and the deal was done.

A happy seller of a vacant lot

The seller sold her lot fast.  She turned that vacant lot into cash to pay off her husband’s bills, clear up some of their debt and make repairs around their house.

I spoke with her again recently and here is what she told me:

Thanks for helping me sell my vacant lot fast.  I am so grateful and relieved that ordeal is over.  You persevered through the title problems and didn’t leave me hanging like a prior investor did. You got it done, and for that, I’m grateful – Ms. Cooper, Richmond VA

Sell your vacant lot

Do you have vacant land to sell? A building lot that could have a house on it?

Sell your vacant lot fast anywhere in the city of Richmond, Henrico County, or Chesterfield County.

Give me a call at 804-719-1489 and I’ll give you an offer or fill out the form at the “Get Offer” button below.

Get an offer on Your Vacant Lot

Sell your vacant land in Richmond VA

Richmond Virginia Vacant Lots Sell for Cash

Vacant land is a financial drain.

Your vacant lot sucks money out of your pocket.

In Richmond, you have to keep your parcel of vacant land clear – that means removing trash, keeping the grass cut, and keeping the right of ways clear.

If you cannot do the work yourself, you will be spending money.

Then there are real estate taxes.

On your income taxes, you don’t get depreciation deductions on your land like you would a rental house.

Each month, a vacant parcel of land is taking a portion of your income away from you and you will not get it back.

It is a hole that vacuums money out of your pocket.

Sell your vacant land in Richmond Virginia

In recent months, I’ve been buying vacant land that is ready to have a house put on it.  It takes about 4 months for a house to be built.

Sometimes those houses are resold to someone buying a house for the very first time (increasing property values in the neighborhood).

Other times, those houses are rental properties for tenants who want to live near where they work.

I’ve been focusing on Church Hill, an area of Richmond Virginia that is experiencing pockets of renovation.

In the last 12 months, sellers have sold their buildable pieces of vacant land for cash.

These are vacant building lots where sellers have:

  • Fallen significantly behind on real estate property taxes.
  • Inherited, but never gotten rid of the financial drain.
  • Turned their lot into cash that they need for something different.

Factors that influence value of vacant land

Sometimes selling dirt (vacant land) is hard.

Richmond has some complex rules regarding whether a house can be built on that vacant lot.

Setbacks from neighboring properties, lot size, road frontage, alley access, off street parking – these are just some of a variables that will influence the price you will get when you sell your vacant lot.

Sometimes the terrain is not right for a house – it’s too steep, too expensive to fill in, the soil is not stable.

Sometimes the neighborhood doesn’t justify new construction – houses that sell for 1/3 the price it takes to build one.

Sometimes the distance from a stream will determine how much of vacant lot is buildable.  I almost bought one lot that had a stream on it and these rules made it 100% unbuildable, unless I built it on stilts.  There was no value in doing so.

Sell your vacant land for cash

If you want to sell your vacant lot for cash in Richmond and areas, give me a call at 804-719-1489.

Or tap the get our offer button below and let’s start a conversation about your vacant lot.  There is no obligation to sell it to me.