If you own some land, you might be curious when is the best time to sell it. You may have inherited the land, bought it a while ago and now want to sell, or would like to do something else with the money that is tied up in your land. How can you determine when is the best time to sell land? Here are a couple of things to consider when deciding when is the best time to sell.
One key factor for maximizing your sale is the time of year. The weather, when your tax bill for the land is due, and how easy or hard it is to access your land at different times throughout the year may all play a role into when is a good time to sell. While you can sell your land at any time of year, you will have the most buyers at a time that is convenient for them to see the land.
From a broader standpoint, where we are real estate market cycle is also a key factor. The price of real estate (including land) goes up and down similar to the way the stock market cycles, or how the price of other expensive investments such as gold and silver go up and down.
Based on these considerations, we think RIGHT NOW is a great time to sell your land! Here’s why.
Top of the Real Estate Market?
Real estate in general, and land specifically, has been going up in price dramatically for several years in most locations. While no one as a crystal ball to read the future, most agree that we are overdue for a correction in the real estate market. A correction means that values will begin to go down, and we are starting to see that occur.
For a while now we have been in a “seller’s market,” making it easier for sellers to sell their land. As we hit the top of the market and begin to come down, it will become easier for the buyer to buy and harder for the seller to sell. If your object is to maximize your profit when selling, aim to sell at or near the top of the market (which appears to be about right now). As the market goes down you will be able to get less for your land.
Tax Bills Are Due
Whether or not you are using your land, every county charges property tax on each parcel of land. In most areas, fall is when these tax bills are sent out to property owners to pay. Have you received yours yet? With a house, most folks pay a little bit each month towards property taxes, and they don’t feel the pinch of actually having to write a check separately for these taxes.
However, most vacant land owners simply have to pay the property taxes all at once as a separate bill. If you don’t use the land, want the land, or even find it difficult to think about the land currently, this can be a hard bill to pay yearly. If you find paying this bill difficult, we can help by paying this year’s property tax for you as part of the sale of your land. Don’t pay your property taxes another year if you’d like to sell instead!
It’s the Holiday Season
Finally, we are coming into the holiday season. It seems that most everyone has higher bills in this part of the year. Gifts for loved ones, extra travel, and the expense of taking time off work add up quickly. And most folks feel the need to take a vacation to relax at the same time as these expenses begin to rise.
If you have been sitting on some land that you aren’t using, it can be a great time of year to sell and have that extra cash in your pocket to help with the season. We can close very quickly in some cases, so that you have some breathing room in your holiday season. Take some time off, pamper your loved ones, go some place fun…do you have something you’ve been wanting for yourself? Maybe it’s the perfect time to make that happen.
There Is Almost Never a Bad Time to Sell
We do think that right now happens to be an excellent time to sell! But what happens if you want to sell and you just can’t make it happen right now? While you may decide to sell at a less opportune time than now, please know that we are always available to assist you with the sale of your land regardless of season, timing, or condition of the land. In fact, we can often smooth out the land selling path to overcome the normal obstacles to selling. Having only one, flexible, cash purchaser ready to buy your land at any time of year without having to pay realtor fees or junk fees makes it easy to sell your land anytime.
But if you have been considering selling for a while, now might be the perfect chance to pull the trigger!
Let us hear from you. How can we serve you today? To receive an offer on your land or ask questions about our selling process please contact us.
Quick Land Solutions 