How would you sell this land in Seattle area?

Question

Hello BP community,  I have a situation and would appreciate some of your input.

To make a long story short, we have a lot in Woodinville, WA (outside Seattle) for sale. We’ve had bad luck with realtors. we live out of state and want to sell it, but have no experience selling. We paid $220k and realtor listed it at $238k. The listing expires the end of the month.

I never sold property before. How would you get this sold? Flat fee? By owner?

Patrick Britton · Answer

@Steve A. when selling your best course of action is to market to the greatest number of buyers.  That means listing it with a realtor.  Yes, I have a biased opinion but it's the truth.

If i could make a suggestion i would add a lot more photos.  There are only 3 on the MLS and they are not very helpful.

Steve A. · Answer

Thanks Patrick, being that it's an empty lot (except for the mfg home), there's not too much to photograph but I'll ask about adding more photos.

Steve A. · Answer

@Brian Side yes the property is buildable. The person who had expressed serious interest did several tests and it was good to build on.

It's in Woodinville and  listed at $238k

• 9583 sq ft lot
• Manufactured home sits on property
• Water and electric 
• Septic
• MLS# 1344586

Thanks for taking a look!

Steve

Brian Side · Answer

Hi Steve, I’m a realtor/investor in Seattle, is the property buildable? It’s all about packaging the deal. If you want a second opinion let me know.  The market has slowed a bit in the area, so you may need to be aggressive on price. Send me the details if you want and I can take a look and/or see if I have any interested parties.

Steve A. · Answer

If we stick with a realtor there isn't room to lower the price without selling at a loss. Which brings up my question of Flat Fee and For Sale By Owner (keeping in mind I have no experience selling a property and we're out of state).

If we sell ourselves it does give us room to lower the sale price and still at least break even.

Steve A. · Answer

Thanks Wayne, for now it is with a local realtor on the MLS.

Steve A. · Answer

Brian, thank you for the feedback!  Yes the realtor did a market analysis and there were interested parties. One was under contract but communication was jumbled by the realtor and buyer withdrew offer.

Wayne Brooks · Answer

Your best bet for selling is definitely with it being listed in the local mls.  You can’t know where an eventual buyer will come from from the overwhelming majority will be looking on the mls.

How would you sell this land in Seattle area?

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