by Laura Mueller
Real estate investor Louis Glickman once famously remarked that “the best investment on earth is earth.” And it’s a sentiment that holds true today. Here are three reasons why.
1. It doesn’t depreciate
Land you purchase can certainly decrease in value, which is a risk you take when you make any investment. But in the pure accounting sense, land doesn’t suffer from inherent depreciation the way that other types of assets do. Depreciation refers to uncontrollable value loss that happens as an asset ages and gets worn out. Land, however, doesn’t get worn out as it gets older. In a report on property depreciation, the Internal Revenue Service stated that land doesn’t depreciate because it doesn’t have a determinable usable life. This is good news for investors, who often make cheap land investments in the hope that local advancements over time will increase their property’s value. So take your time and wait to find that perfect buyer—you don’t have to worry that your land will depreciate while you do. Speaking of…
2. It’s inexpensive to hold onto long term
There isn’t much capital that goes into maintaining a land investment once it’s been purchased. Maintenance and general upkeep is usually minimal, as are property taxes. And depending on how the land is financed, there may not even be any mortgage payments to deal with. This is good news for investors, as it allows them to essentially “set it and forget it,” picking up well-priced properties and holding on to them until the right sale opportunity comes along. And because it’s a non-depreciating asset, there aren’t any hidden costs either to holding onto a land investment long term.
3. Agricultural land prices are increasing
The world needs farmers, and farmers need land. And fortunately for land investors, agricultural land in the U.S. has been on a steady incline. The USDA’s 2018 Land Values Summary report noted big gains on cost per acre of various types of farming land. From 2017 to 2018, cropland increased to $4,130 an acre (a $40/acre gain) and pastureland increased to $1,390 an acre (also a $40/acre gain). Farm real estate that includes land and structures increased to $3,140 an acre (a $60/acre gain).
While the U.S. has plenty of agricultural land for sale, there is still only so much to go around. Banking on the value of farmland has been—and continues to be—a strong opportunity for investors, especially those who focus on the Corn Belt Region where agricultural land sale prices are usually the highest.
Allow us to assist you in each step of the way as you look for the property you have always envisioned! Please feel free to contact us at your leisure if you have questions about what is best for your land buying needs. Let LandHub.com be one of your top sources for land news. Whether you are looking for farmland in Iowa or hunting land in Missouri we are pleased to offer the most informative land news on the market.
by Caroline Kirby
You’ve likely heard that we’re “living in the Digital Age” and it’s true; we can practically do everything from behind a computer screen nowadays. You can order your groceries, learn a language, and, even sell your land.
Which, to be honest, makes a lot of sense considering 85% of land buyers look online. With a pool of potential buyers that large you’ll want to make sure you’re not missing out on any opportunities to connect.
If you’re a first-time seller or looking to improve your online listings, read on for some expert tips.
Maximize Your Online Land Listings
We’ve moved beyond listing properties in the newspaper classifieds or simply placing a sign out front. Nowadays, selling your land can be as painless and easy as creating a listing on an online listing portal. However, there are some basic tips and tricks that can help make the process run smoothly and find you a buyer in no time.
- Focus on Content: Sometimes sellers think having great photos is all they need or that the location of their property is in such high demand that they leave their listing bare. When selling things online you must captivate your audience and if your listing is a bore, people will pass. Make a list of all the best qualities of your property; what are the greatest assets? What benefits do the buyers get? Consider all of these items and then write it up into something worth reading. Stuck on where to begin? Check out this old blog post for some must-haves.
- Practice Good Customer Service: Another aspect of successful online selling is to actually respond to potential buyers. In your listing you should give various forms of contact information (email and telephone number). If you don’t want to give out personal information then set up accounts specifically for this transaction and then routinely monitor to make sure you don’t miss any messages. Take too long to respond and you may lose a buyer.
- Use a Listing Site: When you put your land on a website (like Landhub.com) you’re able to list your property under specific categories that may get it noticed more quickly. For example, waterfront, cattle land, commercial farm, etc. Additionally, it makes the whole process much easier for you and reduces the chance of you leaving out certain crucial info.
- High-Quality Imagery: What’s the quickest way to lose a buyer’s interest? Taking random pictures of your property with a smart phone. We recommend getting professional photos taken or at least using a high-quality camera. Consider getting video footage and aerial images from a drone camera to garner more interest.
These 4 tips are all simple, but essential steps to successfully selling land online. Putting in a little extra time and effort can be all the difference in selling your property fast. We’d love to hear your ideas as well in the comment section below.
Like this article? Please feel free to share or post a link on your site: https://www.landhub.com/5-expert-tips-to-selling-land-online/
by Laura Mueller
Sitting on vacant land that just won’t sell? It can be tough out there for investors in the land market, where potential buyers aren’t exactly plentiful. Selling vacant land takes a little bit of patience, a little bit of luck, and lot of dedication to optimizing your property for a sale. Because even if you’ve got a perfect property, no land is going to sell itself.
To help you out, here are five tips for selling your vacant land quicker and more efficiently.
1. Work with an experienced land agent
In such an unpredictable market, it helps to have an expert on your side. Working with a seasoned land agent is important long before you get to the negotiation table. Early on in the process an agent can help you price your land to sell, figure out comps (which are often few and far between), and give you insight on the key trends that will help dictate how to best set up your vacant land for a sale. They’ll also bring their marketing chops to the table. If you haven’t brought on an agent yet, aim to do it right away.
2. Broaden your marketing scope
Cast a wide net when it comes to who you market to and how. In addition to the usual channels, you should also be utilizing social media and on-the-ground networking to reach as many prospects as you possibly can. Your buyer is out there; it’s just a matter of getting your listing in front of them.
3. Study up on relevant zoning and government regulations
Be apprised of all the rules and regulations concerning your vacant land and its possible uses. This will be important for answering any and all questions that might come your way from potential buyers, and also for informing your marketing strategy. If you know your land is buildable, for example, or that land use requirements dictate it for commercial development, you’ll have more ammo to work with in terms of identifying and reeling in those people who it might be a good fit for. You can get this information from your local Building and Planning Department, and a qualified broker will be able to provide you with regulatory input as well.
4. Make smart improvements
Think there’s not much you can do to improve vacant land? Think again. From fencing off the property border to hooking up attachments for future utilities, small improvements can make a big difference in the appeal of your property. Bring out a couple appraisers and brokers to take a look around and give you ideas for what sorts of improvements might give you the biggest bang for your buck, and plan on incorporating at least one or two of them.
5. Do a flyover
When it comes to images for your land listing, drone videos are way more effective than still pictures. Hire a professional to take a video of your land at the golden hour, when it’s looking its best (either when the sun is coming up or when it’s starting to set). Then share the video on your listing page and in your marketing efforts. You’ll get more eyes on it and make a better first impression.
Ultimately, your sale is up to the whims of the market. But do everything right on your end and you should find it going in your favor sooner rather than later.
Like this article? Please feel free to share or post a link on your site: https://www.landhub.com/blog/5-tips-for-selling-vacant-land/
Continues with Mission to Help People Find and List Land for Sale
Feb 14, Tucson, Arizona, US: LandHub, (https://www.landhub.com), a leading player in the real estate market, has relocated its corporate office to Tucson, Arizona while ensuring the same quality of services consumers have come to expect from it.
LandHub is a land listing and marketing platform that was launched in 2016 with the mission of efficiently connecting buyers and sellers in the dynamic real estate market.
“We are about to re-launch a brand-new website that will allow users to perform and save very detailed searches. Our goal is to not just be a land listing portal, but to also be a central hub for all things land related. We envision a place where people can get all the resources needed to buy or sell a piece of land.”, said Kevin May, President and CEO of LandHub.
Besides being convenient, LandHub remains a truly versatile and comprehensive platform for buyers and sellers alike. From ranches to country homes, farm land to lots and hunting land, it has become the go-to place for buyers and sellers of property. In fact, buyers interested in investment properties can also find options suited to their needs on the platform. It is interesting to note that the platform covers properties across all the states in the US and will be expanding internationally this year.
Staying on top of the new technology and digital marketing game is at the heart of LandHub’s success. The online platform markets sellers’ properties to its large follower base on social media platforms like Facebook, Instagram, Twitter, and LinkedIn as well as Craigslist and Google. As a result, sellers’ properties get eyeballs from interested buyers in large numbers. Enhanced interest means new leads and best prices for their properties.
Land Hub carries this cutting-edge approach to its new corporate office in Tucson, Arizona. For all property sellers and buyers, it is a tried, tested and trusted platform that also offers them the latest news and updates in the field at their fingertips.
About Land Hub
Established in 2016, the company has become the trusted name that connects buyers and sellers in the real estate market.
by Caroline Kirby
You may have an incredible piece of property that is completely unique, but the truth is if your listing is lackluster then you’re just making things harder on yourself. You may think your property is so great it could sell itself, but if your listing doesn’t do it any justice, then you won’t be attracting the attention you need to sell.
Nearly 90% of land buyers are looking online for their next purchase, and you should be taking the right steps to make your listing stand out from the rest. We’ve talked before about how to improve your listing photos, but today we have a new idea!
Using aerial imagery to grab attention and show off your property. Haven’t used a drone or considered using one before? Here’s why you should.
Using Drones to Sell Your Property
Give yourself, and your listing, a competitive edge with some high-quality drone imagery. Here are a few ways that photos from above could help get your listing sold!
- Highlight Key Features: Give potential buyers a real look at the land and show off any exciting or notable features. Potential key areas could be timber, rivers/streams, a cabin or hunter’s lodge. If you’re using drone imagery specifically for selling real estate then you could highlight a spacious backyard, a pool, or even impressive landscaping.
- Give a Tour: An exciting aspect of using drones is the ability to create a sort of virtual tour for potential buyers. You can program a flight path around the property (even through a home) and offer prospects a better, more intimate look that is likely to draw them in much more than stationary photography.
- Grabs Attention: When buyers spend hours looking through slideshows online a high-quality aerial shot accompanied with video is sure to get their attention. If you have a large piece of land or even estate this drone footage automatically offers a more accessible way to tour the property—rather than a couple of hours of walking through the property.
- Capture the Essence of the Property: Buyers know that real estate photos are staged and that they’re getting the best look at the property, but when you use drone imagery and video it makes the viewer feel as if it’s a more authentic look at the property and shape their experience before they even set foot on the property.
These four reasons just scratch the surface of how drones could improve your listings, but we think it’s enough to get you thinking. Before we wrap up we would like to touch on two important restrictions to using drones for land listings.
Things to Consider
While not dire, the following two cons of using drones should be taken into account when planning for drone photography.
- Security Risk: Aerial imagery offers unparalleled opportunities to show off your property, and when viewed by the right people it is innocent, but just as all things on the internet these pictures are available to anyone. You must consider that posting aerial shots of your home and property offer thieves a different perspective of your property and could pose potential security risks.
- Privacy: Drones have been a touchy issue regarding privacy because when taking aerial shots you can assume that your neighbor’s property will also be in the picture. If you have neighbors, we advise you speak with them beforehand and ask for permission or edit the images by cropping or even blurring out neighboring property.
Sell Your Land
We hope that these tips have opened your eyes to exciting new opportunities for selling your land faster! Good quality photos will attract buyers and by offering a new perspective with aerial imagery you’re likely to get more attention on your listings!
If you’re ready to post your listings check out our plans here. Looking to buy? We have hundreds of properties across the country! Take a look at our site for more information on buying and selling property and don’t hesitate to reach out to us with any questions.
Like this article? Please feel free to share or post a link on your site: https://www.landhub.com/blog/take-your-listing-to-the-next-level-with-aerial-images/