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.
So rural means more than most people think. But when it comes to land preferences, your definition of “rural” is what really matters. So if you’re looking for rural vacant land, a seller’s definition of rural might not be your own.
The Rural Land Market
When you’re planning to sell rural vacant land, it’s important to 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 the price of your land, selling it might take some 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.
Days on Market for Rural Vacant Land
There are sites online that measure DOM (days on market) for real estate. And they track both homes and land. It doesn’t take detailed analysis to realize that the days on market are much less for homes than land.
The market difference is understandable. Buyers of homes and residential properties are usually looking for properties that they can move into immediately. Some people invest in homes for investment reasons. Real estate is, after all, a wise long-term 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. some of the world’s wealthiest people made their money through real estate investments.
When it comes to rural land, the buyers’ market is usually a mix of private individuals and developers. Private individuals are generally those looking for a good investment, or a vacant lot that they can use for recreational purposes. And some prefer living in rural areas.
Developers are those looking for properties in great locations that they can develop in the future. 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. 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 for, and this is entirely based on current market conditions.
As the old saying goes, “The value of a piece of property can only be measured by what a will buyer is willing to pay the seller.” Nothing more, and nothing less.
For instance, agricultural land averages at $3,140 per acre in 2019. This figure is the national average, meaning the price can be much 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 own this 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. It’s simple economics.
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 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 important to consider because as mentioned above, not all vacant lots can be developed or used at all. So proper homework and due diligence is essential.
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 the United States. We help look for property buyers. Working with can eliminate the cost of selling on your own, or selling through a middleman. Call Land Soar today at 386-200-5001 or send us an email at [email protected].