West Virginia is a beautiful state with picturesque scenery that lives up to the description of “almost heaven” by John Denver in his song, Take Me Home Country Roads. With 46 rivers, countless streams and a lot of acreage, this mountainous state offers many different opportunities for those looking to buy land in West Virginia for commercial or residential purposes.
The majority of private property owners in the state are coal, timber and natural gas companies, electric utilities and railroads, with resource management investment firms also taking an increasing share of private ownership in recent years. As recently as 2013, there were two such firms in the top three private landowners in the state.
Despite the scenic landscapes of this eastern mountainous state, it is often difficult for West Virginians to purchase a piece of land to call their own. It’s not just that demand outstrips supply, but it can also be a challenge to save up for a down payment on a land purchase and closing costs. In these circumstances, a home land loan can be a great solution for aspiring homeowners.
While selling a property through a traditional West Virginia Land Buyers – Immediate Response real estate transaction has its own set of difficulties, there are ways to simplify the process. One option is to sell through a “we buy land West Virginia” company that can get you a quicker close using cash and avoid the need for inspections or appraisals. The downside is that these companies rarely pay full retail value, but each situation is unique and you should consider all of your options carefully.
Other methods of selling land in West Virginia include listing with a local realtor or working with a land investment group that can connect you with qualified buyers. In all cases, you will want to conduct a thorough due diligence of the land before making any decisions on how to proceed with the sale. Assuming that the due diligence process goes well, you will then work with your sales agent to finalize the terms of the contract and schedule a closing appointment. At this meeting, you, the buyer and an escrow or title company representative will meet to sign documents and exchange checks that put a final stamp on the sale. Once the closing has taken place, you will receive your proceeds from the sale.