Land is an incredibly valuable asset in Iowa, a state known as the food capital of the world. But if you have a vacant plot or inherited property, selling it can take years when listing with traditional real estate agents, and even then you aren’t guaranteed to get full market value.
If you’re looking to sell your property faster, there are a few things you can do. For example, you can prepare the property for sale by clearing debris and adhering to guidelines issued by the Department of Natural Resources regarding timber cutting. It’s also a good idea to understand the Iowa land market, including zoning regulations.
A new report on rural land ownership in Iowa reveals the average farmland price this year is $11,400 per acre, up 51% from last year. The study is based on survey responses from appraisers, farm managers and ag lenders. It’s the sixth-largest two-year jump since the survey’s inception.
The increase in Iowa farmland prices is largely driven by the aging of current farmers and strong crop values. As baby boomers retire, they’re moving on from their farms and selling their land to younger generations. The average age of an Iowa farmer is 57, and there are more than 1 million acres of farmland that are up for sale in the state, according to the Agriculture Economic Research Center at the University of Minnesota.
Investing in land can be a good way to diversify your portfolio, but there are some red flags you should watch out for before making a purchase. Land is a volatile commodity, and it can be affected by development prospects, crop economics, and other factors. So, before you decide to invest in land, make sure you know these five red flags.
Some people buy land as a investment, and some just want to use it for hunting or other recreational purposes. But, it’s important to remember that land is not a “critical need” like a home or car. It is a luxury, and like most other luxury goods, it will follow the stock market and economy in general.
Some people sell their land because they no longer have a use for it, or because plans changed. Others might be facing financial issues, and selling their land can help them out of a jam. Whatever the reason, selling to a cash buyer can be the quickest and easiest way to sell your land. Cash buyers are experienced, and they can close quickly without the need for inspections or appraisals. This can save you a lot of time and money in the long run. So if you’re ready to sell your property fast, contact a company that says We buy land in Iowa.They can help you avoid the typical year-plus timeline and put your land to work sooner. So don’t delay – start the process today! The quicker you sell your land, the sooner you can put that equity to work.