Located on the eastern border of the Appalachian Mountains, Tennessee has beautiful scenery across its broad landscape. Natural attractions like pristine lakes and rivers, mountainous terrain, cascading waterfalls, and lush forests beckon outdoorsy folks to vacation and move to the state. For investors, these attractions create opportunities for property appreciation and value retention.
Investing in land in the Volunteer State requires careful consideration of market trends, demographics, and real estate value. While speculating in raw land is still risky, many people find the long-term stability of land ownership attractive. The state’s low property taxes and relative affordability make it a smart choice for those looking to buy and hold land for the future.
A reputable property management team can help you identify land investment opportunities that align with your goals and budget, while mitigating risk. To maximize your return on investment, make sure to choose a partner with experience and a hands-on approach. Bart, co-founder of Land Boss: Sell Your Land in Tennessee, brings over half a decade of experience to the table and has facilitated more than 100 successful land transactions.
The timeline for selling vacant land in Tennessee can vary depending on several factors, but the best strategy is to work with a company that specializes in buying and selling land. These companies are more familiar with the unique challenges and nuances of the real estate market and can help you maximize your returns by leveraging their extensive network of qualified buyers.
Research local land sales and market trends to determine a fair asking price for your Tennessee property. Land that is closer to major cities and recreational amenities tends to sell faster than rural acreage. Make sure your property is accessible and well-maintained to attract potential buyers. A professional inspection and survey will help you avoid any unforeseen issues that could derail the sale process or lower your final sale price.
A good land broker can help you understand market conditions in your area and the current state of the economy to predict future trends. They will also recommend the most effective marketing and advertising tactics to reach your target audience. Land sales typically take longer than residential or commercial properties, so you will need to be patient and flexible when working with a buyer.
Having a clear goal in mind when selling your Tennessee land can speed the process and help you avoid unnecessary stress and frustration. Landowners often sell for a variety of reasons, including an unwanted inherited property or needing to pay off a mortgage. Liquidating your land assets can also provide you with the funds to pursue personal aspirations, such as traveling or starting a new business.
Selling your Tennessee land on your own will require time, patience, and strong negotiation savvy. However, the potential to keep hefty commissions in your pocket can make it worth the effort. With consistent marketing and a willingness to be flexible on your asking price, you can sell your Tennessee land without a realtor in 6-12 months.