Buying and Selling Land During a Real Estate Recession
This is Huntin’ Land, the podcast for landowners and land hunters; with how-to’s for habitat management and land investment. If you own, manage, or dream of owning land, this is the podcast for you. Every facet of life is being impacted by the current COVID-19 coronavirus outbreak, including real estate. On this week’s episode, we discuss buying and selling land during a real estate recession, our predictions for COVID-19 coronavirus, the 1031 exchange, and the Delaware Statutory Trust.
- When the 2008 stock market crashed, how long did it take for you to notice a difference and how does that compare to COVID-19 ?
- Buying land? Is there any value in timing this thing?
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Interest rates are still low and look to be going lower?
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Selling land? Is now a bad time to put a property on the market?
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Interest rates low
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More buyers are coming to the market
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In 2008 and during the recession, did properties spend longer on the market?
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Predictions for COVID-19 Coronavirus
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Predictions for Buying Land
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Increase from the historic low interest rates
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Loss of inventory
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Predictions for Selling Land
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Rising interest rates = lower buying power
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You can afford to pay more when interest rates are lower
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Election Risk = Uncertainty
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Now is great time to convert your property into more valuable piece of land or into another type of investment real estate.
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1031 exchanges
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Delaware Statutory Trust for “stock like” real estate investments
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This week’s show has been brought to you by Joe Baya and Clint Flowers, members of the top producing team at National Land Realty, the fastest growing and most innovative land brokerage in the nation. With hunting season right around the corner and interest rates at historic lows, now is a great time to be buying or selling land. If you want to learn more, shoot us an email at pros@landhuntin.com or call us at 855-NLR-LAND.
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