Let’s face it: Real estate transactions can be both exciting and overwhelming. While buyers and sellers can potentially represent themselves effectively through a real estate deal, hiring a good real estate professional is often a better choice. Good realtors are thorough; and can help their clients avoid potential disasters. Further, industry data indicates that hiring a good realtor usually yields better economic outcomes. On average, this dilemma refers to buying or selling homes.
Sooo…. What about land?
There are any number of highly qualified real estate agents who can assist you with buying or selling your home. However, land transactions are completely different; therefore, buying and selling land requires an entirely separate skill set.
Let’s explore some of the many reasons why land is purchased/used:
∙ Development: Building individual homes or subdivisions; building commercial properties.
∙ Recreation: Hunting, fishing, camping, equestrianism, boating, and shooting sports.
∙ Agriculture: Farms, ranches, biofuel production, and agronomy.
∙ Land Use Deferred Tax: The present use value program allows for reduced tax values of individually owned property involved in agriculture, forestry management, and horticulture.
∙ Investment/Tax Benefits: Timber, agricultural production, special-use leasing, portfolio diversification, and 1031 tax exchanges.
Conclusion:
Land real estate is significantly different than the residential industry. If you’re planning to buy or sell land, hiring or consulting with a land specialist is highly recommended. Whether you’re searching for a special tract of land to suit a specific purpose, or selling your land for the best possible price, a land specialist is the route to go.
Want to learn more? Watch the video below!
