Quick Land Sales in Texas
Unlike selling a house, it is not easy to sell land. However, with a little bit of work, it is possible to sell land quickly. This is a great option for a land owner who needs to free up cash and close on the sale. Land sellers can choose from several different methods to sell their property, including listing with a real estate agent, selling to a land buying company, or selling for cash.
Selling for cash is the fastest and most efficient way to sell your Texas land. It eliminates buyer financing issues that commonly delay or derail traditional real estate transactions. Moreover, it is less risky than listing with an agent and waiting for the buyers to secure financing. In addition, a cash sale gives you the assurance that your land will be sold, even in the event of an unexpected market disruption.
The number of Quick Land Sales in Texas increased last year, fueled by an influx of investors and want-to-be ranchers. Prices per acre in most regions also rose, although there were exceptions. Prices in the Panhandle and South Plains were relatively flat, while prices in the West Texas energy rig-heavy region spiked.
One reason for this increase in land sales may be that small rural land purchases are becoming more common. Historically, the Center has excluded small rural land sales from its data, but those sales are now accounting for more than half of all reported land sales. These smaller tracts of rural land typically cost between $100 and $500 per acre, compared to about $340 per acre for larger rural land sales.
This trend in smaller rural land sales is likely to continue, Gilliland said. In some cases, buyers are accumulating multiple smaller tracts to form a larger ranch, which increases the overall value of the land. Other factors are at play, too, including a strong speculative demand for property by investors who expect prices to rise further in the coming years, he added.
Another reason for the increase in small rural land sales is that it’s a cheap alternative to purchasing a house or a condo, especially for those who don’t have the funds required to buy a single-family home. It is important for potential land buyers to understand the differences between the various types of Texas property, however, as each has its own unique perks and drawbacks.
Whether you’re looking to purchase or sell a piece of land in Texas, you should seek out a reputable and experienced local real estate firm to ensure a successful transaction. A reputable company, like Land Boss, offers a streamlined process to convert your land into cash fast. This includes a fair, all-cash offer and flexible closing dates to meet your needs. Contact us today to learn more about our services and to request your free, no-obligation cash offer. Our team of professionals is ready to help you!