WHEN TO SELL LAND IN NORTH CAROLINA

NOW MAY BE THE BEST TIME EVER TO SELL LAND IN NORTH CAROLINA

In most cases that we have analyzed, from a strict investment position given the current state of the real estate market and economy, there are very few cases that we see where selling your North Carolina land would be better than now. Prices are healthy, the economy is nearing a point where a recession and thus lower real estate prices are possible, and nclandbuyers.com is a ready and willing buyer that may be hard to find in the near future

Analyzing real estate values is a tricky thing to do, especially for the landowner who does not study the economy and market. It is easy to say that now is a bad time to sell since prices are not as high as they were in some markets, compared to pre- 2008. We find this to be true especially in the mountains of North Carolina. Due to a perfect storm of extremely liberal and dangerous lending policies that we had never seen before (low doc, no doc, 100% loans, especially for 2nd homes) new 2nd home markets publicized by the internet for the first time, an many other factors, the mountains reached a pricing peak in 2007 that may NEVER happen again. That does not mean that prices now are not great for the seller, because historically, other than that pre- 2008 period of frantic buying, prices are as good as they have ever been. The problem is that many owners, investors and people in general have amnesia about previous recessions and how bad they are and how long they take to get out of. History and the markets are screaming for a correction in pricing right now. We feel that we are at the peak of the market as we were in 2007-2008 and that if you want to sell in the next 10 years, now is the time to do it. https://www.postbulletin.com/agrinews/news/columns/land-values-show-signs-of-weakening/article_94c52026-39db-11e9-91bf-cf8ff2374206.html

In general, investment markets have favored more liquid investments such as equities over time. Yes, land appreciates but not at a compounding rate that rivals other dividend paying investments. Just like with houses, holding costs, taxes, maintenance expenses and other costs eat into your true return and it is very possible for land to actually end up costing you money rather than making you money in certain years. Add in the hassle to maintain, the liability from owning something that somebody could get hurt on, the risk of timber loss due to fires, storms and insects, and the argument to go ahead and sell now to have the cash to deploy elsewhere becomes pretty compelling.

The Take Away

If you own North Carolina land and are considering selling, sit down with your tax planner or investment professional and discuss the future earnings potential for your land. If you are not holding on for family or emotional reasons, then now may be the perfect time to sell. If you are ready to sell, we would love the opportunity to review your land and make you a FREE CASH OFFER.

NCLANDBUYERS greatly appreciates the opportunity to discuss your land with you. If you are interested in selling your land and would like a serious, fast offer, please fill out the form below. If you have any other land needs we are more than happy to help. Even if we do not buy your land, we are always happy to help in any way we can. Just reach out to let us know how we can help or if you just want to chat about North Carolina land!