There are a variety of reasons that land owners may want to sell their Arizona property for cash. Some may inherit unwanted acreage, while others may be looking to sell because they are moving, facing foreclosure or just simply want the property off their hands as quickly as possible. Regardless of the reason, Selling Arizona land for cash can be a quick and simple process with the right approach. This article explores some of the strategies that land owners can use to achieve a fast, cash sale.

1. Sell to a “We Buy Land” Company

Many local investors and nationwide companies offer to purchase land quickly, often as-is, without the need for financing. This type of buyer is able to close the transaction much faster than a traditional listing, typically within 30 days or less. Pros: Cash buyers can bypass the delays associated with bank financing, they often require fewer inspections and no appraisals are needed. They also handle closing costs, making the transaction as seamless as possible for sellers. Cons: The main drawback to this option is that cash buyers typically offer less than the full retail value for properties.

2. Sell to a Neighbor

A neighbor or close acquaintance may be willing to purchase your land for cash, providing a smooth and familiar transaction process. This is particularly an attractive option for sellers who want to maintain a level of trust and transparency with their sale, as well as for those who are comfortable with a lower sale price. Pros: A fast and easy transaction, no inspections or appraisals needed, minimal or no back end fees, and the ability to sell “as-is” without investing any money are some of the benefits of selling to a neighbor or close acquaintance. Cons: Some land buyers are unable to pay the full market value for property due to current economic conditions, and they may be unwilling to take on the risk of buying and reselling property.

3. iBuyers

The popularity of online marketplaces that connect home and land buyers has spawned several iBuyers, or “instant offer” companies that are capable of purchasing properties with little to no delay. These companies focus exclusively on land transactions and are able to extend expedited, all-cash offers in as little as a week of submission. Pros: These companies are a great option for sellers who need to sell their Arizona land for cash quickly and easily. However, it is important to do your research and carefully compare offers before choosing an iBuyer.

Once the terms of a sale have been agreed to, a property lawyer is typically brought in to review and finalize closing documents. It is recommended that sellers disclose liens, easements, zoning restrictions and other encumbrances prior to listing in order to avoid costly complications at closing. A thorough understanding of the local real estate market and seasonal trends can help landowners choose the best time to sell their property for maximum cash returns.