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How to vet land-buying letters before you sell your property
The guidance says most offers come from real businesses, but details like price, closing intent, and whether the buyer plans to buy or flip the contract can vary widely.
LandThink says many unsolicited letters offering to buy land come from real businesses, though what the buyer will pay and how they plan to close can differ significantly from one offer to the next.
In the article, LandThink explains that buyers may intend to purchase the land themselves or flip the contract to another investor, and it notes that the earnest money deposit and closing timeframe can indicate how serious a buyer is.
LandThink recommends researching the buyer by checking whether they have a website that does not look like a template, a Google Business Profile with genuine reviews from sellers, and a Better Business Bureau listing.
The piece also advises confirming that the phone number reaches a real person and that the owners can be found through identifiers like LinkedIn profiles or podcasts and press, noting that missing one of these signals is not necessarily disqualifying.