trying to sell estate land...

Hi

I'm trying to sell my estate land, i have 2 parcels
one is 2048sqm and the other 5104sq.m
Ive posted and asked around, it was easy to sell my Mainland parcel to land barrons
but it's difficult to sell off my estate land

Are there people that buy estate land for a set price like mainland?
or real estate agents that help you sell estate land?


thanks!

Mackenzie Convair

Unless you actually own the land ( the entire sim) you will have a hard time selling it. All you are doing is selling someone the right to rent it from the real owner.

QFT


You don't actually own it ..

You need too look to find someone who wants to "buy" the lease from you.

Mackenzie,

I checked out your 2048 and it looks nice but I think you are way overpriced. Estate land is hard to sell. You have two parcels double the size right next to yours that are only slightly more. Which would you prefer?

I checked around when I sold just over a week ago. I found the average price to be about L$6.5/m for Estate land. (Actually, it's next to impossible to really tell, but that's what I was seeing around me). I priced my 4096 at L$26,000, advertised in the forums (sneaky of you here in RA, btw ) and also advertised on SLEX. I sold the land in 24 hours which is rare. Could have been luck for all I know, but I wasn't going to take chances.

You're probably trying to get back about what you paid for it, but that doesn't always happen in estates when so many are available for only L$1.

You do not own your parcel (since you do not own the entiere SIM), so you cannot "sell" your land, or to be precise the term "sell" (even if it is used into the client) is inappropriate, as others mentioned already: you are selling the rights to rent that land (because they must pay a weekly/monthly fee then...), that sounds stupid. There should be no price at all, or the "entrance price" (that's how it is called) must be symbolic amount to cover the setup (setup fees), so it would be from 1 to 100 linden (for any parcel size).
Did u paied a high entrance price? Well you got fooled, but that doesn't mean you have the rights to apply the same "trick" to the others.
Soz.

The "own" versus "rent" debate is a very valid argument. I've stated myself that I find the term "own" misleading and I wish LL would refrain from using it. That wasn't the OP's question, though. He asked how to "sell" his estate land (or sell the rights to it, if you prefer), which is a common practice in SL. Advertise a price, people pay it. Nothing immoral about it. Go to any estate land that is "for sale" and left click and what do you see? An option to "Buy Land". Poor choice of words, but there you have it.

I live in an estate of ~25 island sims and it has at least one real estate broker who both resells and subleases parcels. I found this out when I sent out a request into the estate group IM channel for a parcel for a friend. If you do this during peak times, you should get responses from people selling land. If your estate's set of sims is big enough and nice enough, I'm sure there's some 3rd party brokering land there.

I would look at your neighboring parcels to judge the price. Parcels near me are reselling for a little over $L8/m2, and the estate owner is selling new ones for 9-10. It all depends on the estate.
.

Make sure you check your land covenants with the estate owner to make sure resale of land is allowed.

Nonsense. The OP has every right to ask for an up front "buy in" price. Just because you don't agree with this practice does not make it illegal, immoral, or a "trick".

To the OP: Yes, you are competing with estates who offer their land without an initial fee. However, a "purchase" fee is still very common with estate land, and there is no reason you shouldn't try to recover part or all of what you paid to get yours.

When I sold my two estate parcels, I actually made a profit. Set your initial price to be competitive with other parcels in the same sim(s). As you get closer to your rental due date, consider dropping the price, to keep from having to pay another month's rent.

Advertise in the forum classifieds here (update your ad daily, to keep your land on or near the front page). Advertise it on SL Exchange, too. They have a free gadget that you rez on your land that helps create the ad for you.

My landlord had his own website, where parcels were listed for sale. He helped me get my parcels on there, too. Check with your estate owner, they may have something similar.

When you "Buy" Mainland, are you not only buying the right to pay Tier (Rent) to Governor Linden? The same as Estate land in my opinion. Only difference is who is maintaining the SIM.

That difference however is very important and noteworthy. An estate owner may lack the liquidity and stability that Linden Lab has to ensure the Estate parcel is going to be there for any length of time. In the worst case scenarios an estate owner may simply fold up shop leaving the estate parcel owners with nothing or may take the land back without full or even partial reimbursement and the former parcel owner has no ingame recourse. Even in the best case scenarios if the estate owner is exiting from SL and sells the estate the parcel owner is going to be under a new landlord with no guarantee that the new estate owner is going to honor ownership, refrain from changing land covenants in a drastic way, or increase rent.

Lack of stability of ownership rights on estate parcels compared to owning mainland parcels is one of the driving reasons that estate land is generally not as marketable as mainland. If Linden Lab's efforts to remove adfarms continue to be fruitful this disparity in marketability will probably only increase as being spared of such eyesores was one of the compelling reasons for many people to choose to rent an estate parcel rather than "own" a mainland parcel.

As I've said before: the value depends on whether the landowner is reliable enough for the land to be considered an "asset". A plot owned by a new resident, I wouldn't pay L$1 upfront for as I would be unlikely to ever be able to get that back. Something like a plot in Caledon, I would be fairly sure that I would be able to resell for the same or more, thus any initial cost is an asset to me.

But from what Bradley says it sounds like you are really just trying to charge too much.

Yeah, and others before had the "rights" to ask for money until LL placed their rules (im talking about casino... and about banks... and about ads extorsion...). I do not count how many ppl lost the land they thought had buy because the owner (the REAL owner.. of the sim) decided to sell eveything from a day to another. If you rent without an entrance price you may loose a couple days of fees (if you're not stupid to pay for one month rent), but if you spent thousand lindens to buy something that you gonna loose (if not today, it's tomorrow) then you'll lost the whole bucks.
Mark my word... the estate sim affair will be covered by another set of rules soon.

- Never rent a land on a private sim that have an entrance price of more than 100 lindens.
- Before you decide to rent a land spot on a private sim, be sure you've searched BEFORE those running by fair owners that does NOT ASK FOR A ENTRANCE PRICE, there are plenty!
- When u gonna rent a land on a private sim doesn't pay more than a week in advance.

- When you buy a land on a private sim, you do not own any rights on that land, the owner of the sim may kick you out, and you have no rights to have any money back. You did not buy anything, you have just donate money to the owner with the promise (and hoping) to use that land, that's all.

- When you buy a land in mainland you'll never loose it until: a) You do not pay the fees (if it's bigger than 512mq); b) you gonna break the rules (TOS) and heavily! (being banned permanently from SL); or c) Linden Labs will come into bankruptcy (so Second Life ceases to exists).

I am a little bit confused , how can a land sell only for 1L$ ? Dose that means if someone buy it , he/she doesn't have to pay for the land price and tier fee ?

it`s a "reserve price", when you buy it, you need to contact a manager/owner and pay the real price and tier

it`s to get listed at the top of the land search for estate, stupid, cheating and pointless

Land available for 1L$ isn't for sale, it's for rent, the 1L$ entrance fee is because SL only know about land "sales" and a "buy land" transaction is required to transfer parcel rights for the land. Once you've "purchased" a 1, 10, or 100L$ plot and pay the rent, you have the same rights on the land as if you owned it except you can't resell it.

Sometimes this is true some other times is evectively "trick" to have land listed in the top of search list, the following land is listed for 1L and and obvioulsly is not:

regards

Sad but true, This is why I have always been happy dealing with Sofia Westwick, she's always been thoroughly above board with me.

Prior to your Birth date...the back end of 2006 and beginning of 2007, buying land (ok leasing) was the most common way of acquiring land on Private Estates. Rentals were hard to find! In fact from what i remember from my own experience, it was even hard to buy a plot as they were snapped up so quickly (Supply & demand)
During that period, land scams were relatively unheard of. I guess there were so many other scams to keep dishonest folk occupied (Casinos, financial services,Copybots etc etc).
These land scams only started becoming prominent around last summer as more doors were being closed......and yet even today probably 99.9% of daily land trades go though as they should....no fuss, no reclaiming and residents will end up enjoying their land as they should do. It's the remaining 0.1% that gets publicised and reported on forums like these (and SLEX, SL Universe) resulting in hysterical readers running around the forums with "only rent on Private Estates...only rent on Private estates" banners on their heads!!"

Would i buy (lease) more land on Private estates? Yes i would, but i would do my homework first and check in with residents on that SIM before committing to any large expenditure. Aside from my own sims...i bought (leased) commerical plots on Dreamland and plan to expand in the near future, I also have my 1st ever land (Sept 06), a residential plot with Fantasyland being my new landlord. I don't see any of these 2 landlords running off with my investment anytime soon! (they own 700 sims between them!)

So forget the paranoia you read here and other forums...and do your homework first.
-Check out the Estate owner, speak to the residents, read the Covenant, read any other literature regarding buying land on Private Estates....then make your own mind up!

If you really want to be pedantic about ownership....you don't really own your AV, the clothes on you back nor the house you live in...if LL ever decided to pull the plug!

That's presumptuous and untrue in many if not most cases. There are estate parcels with cheap buy prices in many cases because the estate owners recognize that there is an inherent ownership stability problem compared to mainland ownership and they are basically offering rental of parcels with ownership permissions. The low purchase price is a reserve price and then you have to pay the tier/rent for the parcel within 24 hours.

Any reason or no reason I believe the TOS states.

The L$1 issue is gaming the search. You get a free listing and you're near the top of it. The initial price should cover the initial rental period. Anything else is gaming.

No it isn't. I was able to reserve my parcel so no one else could take it and it gave me 24 hours to:

1) Get answers I needed from the Landlord about the land covenants and extra prim costs; and

2) Time to pack up my things from my old rental and shop/build additional items I wanted to place on the land before my rental time began to run.

There was an explicit land covenant stating that I could not resell the land. It's obvious that it was rental land with the benefits of full ownership controls so it was not in competition with estate owners trying to "sell" estate parcels and it was not gaming the system.

Obviosly this is a jaded perspective, gaming the estate land sales search by placing land for sale that is " reserve" priced, can be seen in no other way, it doesn't take rocket science to see the scheme, the estate owners that do it do it for one purpose no matter what reason they say they are doing, they do it to get high ratings on the search period. they know well that people search the first couple pages and thats it, so they compete with others doing the same thing. What they dont realze is thats not exactly a positive first impression they are making on a new perspective resident, they show thier hand that they are willing to game a system and that potentially leads to dishonesty in general when dealing with any isues or diputes.

Meanwhile, as they are playing thier "gaming" hand, the rest of estate land loses any percieved value and many good reputable estate owners get the shaft because of these slick sales estate owners. Im not talking out of inexpereince, I have been selling my estate land for over a year, in early 2007 I could get a fair price for my plots of land, many of those new residents are still with me to this day, they trust me and I inturn trust them, even to the point if they are a few weeks late I dont get crabby and take away land from them.. try that with one of these scamming estate owners and see what happens. Reliability and respect start the moment you look at a plot, if you see some kind of BS wording and " reserve " price move along, these people are showing you upfront that they need to be checked out before you trust them... I know several estate owners that I feel are trustable that do this, but they have made bad decisions to engage in sales this way. the old addage, if you cant beat them, join them, is not something Im going to trade in my reputation on, and niether should any good estate owner, So I suffer with a little les traffic, but the residents I get are better quality because they dont support those gamers

Unfortunately there's (as it seems you mentioned) a real life, the role isn't plaied only by owner and how "fair" he might be, but there would be reason (fair reason) where a sim owner may run out of business for wrong decisions, or because they were unlucky, or because something happened at their rl (it supposed it comes first...). As i have a RL too (a sort of..) i know perfectly that if something more important would happens to my life, Second Life will be one of my last "problems", i may run a sim and i may abandon it because i *must* dedicate the time to something else. These things happens everyday, it's not because it's all scam, they gonna steal your money, or whatever (i believe that most of them doesn't earn anything....), but it's because for many of em (with rare exceptions) this is not a real business, and they are NOT "covered" against risks, so if something happens the result will be only one: give all up (with the consequence that all the ppl will loose their "purchased" land). Watch at that SIM resell market (ownership transfer), add em to the abandoned land (entiere sim reclaimed back by LL since the fees hasn't been paied), and look how many of them had ppl "aboard".
I'm not paranoid... i completely understand your point of view because of your (eventually...) business... i've just the opinion that if a day i'll decide to open sim's for renting i'll do it without ask for a entrance price, so if something happens to MY PERSON i do not risk to leave all those users with nothing in their hands.