Rural Vacant Land
The United States is one of the largest countries in the world with a total land area of over 3.5 million square miles. Almost half of this area is considered agricultural land. When looking for rural vacant land almost anywhere in the country, you can be sure that you always have options.
What exactly is rural? Many of us are under the impression that rural always means farms, barns, and fields. Generally speaking, any piece of land that is not urban is rural. These are usually communities and parcels of lands outside of cities and towns. More often than not, agricultural areas are considered rural. Forests and other areas where population density is very low are also identified as rural.
The Rural Land Market
When you’re planning to sell a rural vacant land, you must know that the market is totally different when compared to home buyers. While homes and residential land sell fast, there’s usually a waiting period when selling rural land. At times, even if you lower down the price of your land, selling it will still take time. You have to be patient if you want to sell your property at a decent price. This is why it is ideal to list your property with a reputable company that can help you find buyers.
The market difference is understandable. Buyers of homes and residential properties are usually looking for properties that they can move in to immediately. Some invest in homes so they can earn from rental fees. Others buy residential properties so they can resell later when real estate prices increase. Real estate, after all, is a wise investment. If you are patient enough to wait for the best time to sell, you can earn a lot of money out of your real estate property. Truth is, some of the world’s richest made their money through real estate investments.
When it comes to rural land, the market is usually a mix of private individuals and developers. Private individuals are those who are looking for a good investment or a vacant lot that they can use for recreational purposes. Some prefer living in rural areas. Developers are those looking for properties in great locations that they can customize later on. There are plenty of communities across the United States that were once vacant rural land.
Cost of Rural Lots for Sale
The cost of land varies and changes every year. Truth is there’s no one value or price tag that you can place on all real estate properties in the United States. A land owner has the right to sell his property according to the price he wishes to sell. An easy example would be houses for sale. One house can sell for thousands or millions more compared to another house in the same street or neighborhood. However, government agencies publicly release fair and average market value prices depending on location or type of land. Potential buyers can then negotiate with sellers according to the amount they’re willing to spend.
For instance, agricultural land averages at $3,140 per acre in 2018. This figure is the national average meaning the price can be way more or a lot less in some areas. There are vacant lots for sale that can be developed while others aren’t usable. An example would be forest land protected by the government. Even if you already own the land, you will not be permitted to cut down trees or build structures. More often than not, non-usable pieces of land will cost less compared to land that can be developed.
Buy a Rural Vacant Lot
When you want to buy a rural vacant lot, you first have to determine your purpose. Are you doing this for the sake of investing in real estate that you can resell years from now? Do you want to develop the property? Are you planning to live in that property? Your purpose is a very important factor to consider because as mentioned above, not all vacant lots can be developed or used at all.
Planning to sell? It is best to work with a reputable company like Land Soar. We have a team of experts who can help both buyers and sellers. We specialize in rural vacant land for sale in Florida, Georgia, and other areas. We help look for property buyers. By working with us, you can eliminate the operating costs of selling on your own or selling through middlemen. Speak to our staff today by calling 386-200-5001 or send us an email at [email protected].