Are you thinking about selling land in Newark, California? If so then you might be wondering this common question: who pays when selling land in Newark, California. In this article, we’ll reveal the surprising answer.
When people think of selling land, they think of handing over the deed and accepting a check for the property. Makes sense. At first you might think that the buyer pays the seller. But that’s not really how it works and you might be surprised at who pays when selling land in Newark, California…
If you’re the seller, you’ll have to pay first! You’ll probably have to pay for a survey or a site analysis, or for a geologist to look at your property and tell you what potential it has.
Then you’ll work with a real estate agent to try and sell the property. There will probably be additional expenses that you’ll have to cover while the agent tries to find a buyer. For example, you’ll have to pay any mortgage, bills, taxes, and insurance on the property in the months that the agent is looking for a buyer.
When an agent finds a buyer, then you may need to work with a lawyer, a title company, and potentially others as well to complete the paperwork. Yes, YOU are paying for all of this the entire time.
Once the paperwork is complete, you will get the money for the property – after your mortgage is paid off and any liens are taken care of). That money might either come from the buyer themselves (if they’re paying cash) or it might come from the buyer’s bank (if the buyer had to get a mortgage to buy the properties).
But your paying is not over yet! Once it’s all said and done, you’ll also have to pay the agent’s commission… and that typically comes out of your pocket.
So, to answer the question, “who pays when selling land in Newark, California,” the answer is that you’ll pay over and over and the buyer or their bank will pay you once.
A lot of sellers are realizing that this is not the best way to sell, especially if you don’t have the cash in hand to cover those expensive up-front costs. Sure, it’s nice to gamble on the possibility of getting a higher selling price (although you might not get what you’re asking for the land); it’s no wonder why so many sellers are looking for a faster way to sell land – by getting a fast cash offer and bypassing all of the costly and complicated steps, above.
If you want to sell land in Newark, California but don’t want to pay all those costs, why not just see how much we’ll pay for your land? Click here now and fill out the form or call our team at (925) 852-8261.
Here are some interesting facts about Newark, California
Newark, California, in Alameda county, is 3 miles SW of Fremont, California (center to center) and 15 miles NW of San Jose, California. It’s part of the San Francisco Bay Area. The western boundary of Newark is close to the southern portion of the San Francisco Bay. Newark, Fremont and Union City are known as the “Tri-Cities.” San Francisco is about thirty minutes away. The municipality has a culturally diverse population. Some of the major employers are Cargill Salt, LTD Ceramics, World Pac, ADVO, Risk Management Solutions, Corporate Express, GE Security and Full Bloom Baking Company. Electronics is a primary industry.
The city was named in tribute to the castle “Newark” in Port Glasgow, Scotland. During the 1850’s the city became a prominent salt producing center. In 1876 Alfred Davis, a San Francisco businessman and Jim Fair finished the South Pacific Coast Railroad from Dumbarton Point to Santa Cruz. A railroad station, railroad shop and a roundhouse were constructed in Newark and were soon followed by the construction of hotels, a variety of stores and manufacturing facilities. It was also home to a railroad car manufacturing company. Newark was expected to be part of the city of Fremont but the community decided to become an independent municipality when they learned it was going to be the industrial center of Fremont. The city was incorporated in 1955.
- Ardenwood Historic Farm includes a Victorian mansion and it’s a working farm.
- Newark Days is a popular event.
- Newpark Mall is a prominent shopping destination.
- The Grove is home to summer concerts.
Newark has numerous parks for outdoor activities. The nearby South San Francisco Bay National Wildlife Refuge is popular with nature enthusiasts. The Mission Peak Regional Preserve and the Coyote Hills are notable areas for hiking. The Alameda Creek Regional Trail connects the Bay shoreline with the scenic Niles Canyon. The Don Edwards San Francisco Bay National Wildlife Refuge Tidelands Trail is an easy hike and includes a wide variety of plants, animals and birds. Half Moon Bay, Garin and Dry Creek Pioneer Regional Park are nearby. Families enjoy the close by Great America Amusement Park and the San Francisco and Oakland professional sports teams. The Silliman Family Aquatic Center is a prominent indoor facility. The Lake Area is a man-made lake and is an excellent location for taking walks and includes a vast number of ducks and geese.
Air travel is provided at the San Jose International Airport. The AC Transit offers bus services.
Newark Higher Education
The city is home to a campus of Ohlone College. Cal State Hayward and San Jose State University are nearby.
If you want to sell your house in Newark, California. Click here!