South Carolina is a state full of natural beauty and history. It is also a popular place to live. People can find plenty of activities and things to do, from visiting the beaches to exploring historical landmarks like the Magnolia Plantation. But one thing that is not always considered when thinking about a place to live is the value of the land. Whether you own a farm, a wooded lot or an acre of land in the state, there is a way to Cash in on your South Carolina land.
According to the State Treasurer, Curtis Loftis, there is $750 million in unclaimed property throughout the state of South Carolina. This includes money from dormant bank accounts, unclaimed insurance proceeds and forgotten utility deposits. Each fall, companies that are holding unclaimed property must report those funds to the state’s Unclaimed Property Program. These reports are then added to the database where South Carolinians can search for and claim their money.
In some cases, a landowner may need to sell their land fast for a variety of reasons. For example, if they are facing financial hardship due to job loss or a medical emergency, they may need to free up some money quickly. Other reasons people sell their land include a change in plans, an inheritance or just the desire to cash out on their investment.
When selling to a South Carolina cash buyer, sellers can expect to get a better price for their property. This is because a cash buyer does not have to secure a mortgage with a lender. Consequently, the sale process is quicker and less risky. However, buyers and sellers must still pay closing costs such as attorney fees, title insurance, escrow fees and transfer taxes.
While it is possible to sell land on your own, many landowners find working with a professional buyer is a better option. They can save time and money by working with a company that specializes in buying properties. These firms can also provide a more personalized service than larger real estate brokers that offer a variety of services.
Another benefit of working with a company that buys property for cash is that it can help with the paperwork and other details involved in selling property. In addition, these firms can also advise sellers about the best way to market their land for sale.
Some companies that buy property for cash even take on the role of an agent, helping sellers with the process from start to finish. These professionals can also assist with the inspections and appraisals required when selling a property to a retail buyer.
While some of these firms specialize in specific types of properties, others can make a cash offer for any type of land. Some of these companies can even give the seller an offer onsite and on the same day as the visit. In addition, they can help with the financing process and closing costs.