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5 Key Factors to Consider When Purchasing or Selling Property

by Mossy Oak Properties

When it comes to purchasing land, educating yourself as a buyer is one of the most important things you could do in the process of making your land buying experience a success.

Despite the ever-changing market and the rise of inflation, when it comes to purchasing or selling land, there are several important factors to consider. Understanding the market and conducting thorough research can significantly aid in making informed decisions.

 At Mossy Oak Properties, our team is equipped to provide clients with valuable knowledge to help in making these decisions. Here are our 5 key points to keep in mind:

  1. Market Analysis

Before purchasing or selling, it’s best to have a comprehensive analysis of the real estate market in the area where the land is located. This will provide insight into the demand of the market and the potential future value of the land itself. 

  • Zoning and Land Use Regulations

Familiarizing oneself with the zoning regulations and restrictions that apply to the specific piece of land and the land in the area is essential. Knowing this regulation will help determine what can be built on the land, and any limitations or requirements that local authorities may impose.

  • Future Development and Growth

Considering factors of future growth and development in the area can be a key factor in the land buying and selling process. Factors such as new roads, schools, commercial centers, or even zoning changes could positively or negatively affect the desirability and potential of the property for the future.

  • Tangible Asset & Potential Income Generation

Land will always be a tangible asset. Inheriting value over time, unlike other investments like stocks or bonds- land is a physical asset that cannot be easily devalued or depreciated. Land can generate income through various means. Leasing or renting out the land to agricultural, commercial, or residential tenants, earning regular rental income. Additionally, you can develop the land by constructing buildings or engaging in real estate development, which can yield substantial profits.

  • Long-Term Value Appreciation

Historically, land has shown long-term value appreciation. While short-term fluctuations may occur, over the years, land values tend to increase. Population growth, urbanization, and increasing demand for real estate can drive up land prices over time, resulting in potential capital gains.

As rural landowners and agents, the team at Mossy Oak Properties are constantly keeping themselves up to date with the latest changes in the real estate market and in timber to not only educate themselves, but clients as well.

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