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; 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 a number of highly qualified real estate agents that 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, bio fuel production, and agronomy.
∙ Land Use Deferred Tax: NC 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 suite a specific purpose, or selling your land for the best possible price, a land specialists is the route to go.
Want to learn more? Watch the video below!
