Top Ways to Lose Money Selling Land
This is Huntin’ Land, the podcast for landowners and land hunters. If you like to stay up to date on hunting tactics, land management, land values, and land market dynamics, this is the podcast for you. On this episode, Joe and Clint let you in on some vital investment savings knowledge, the top ways people lose money from selling their land. From not pricing accurately, not understanding tax implications, terrible negotiating, and not hiring a land pro that knows the market, these two seasoned land pros break down all mistakes you now know not to make.
As a landowner, it is important to know what your land is worth. You may find yourself asking the questions like, “how much is my land worth today,” “how much is my land worth per acre,” “how much is timberland worth,” “what is my farmland worth,” “how much is agricultural land worth,” and other such questions. Many factors go in to determining the value of land and seeking out the wisdom of experts is a great place to find the answers to your questions.
Each week, on the Huntin’ Land Podcast, we will bring in various experts to help provide answers to the important questions landowners have. This week, Jonathan Smith of TimberMart-South delivers the latest current timber market update for South Carolina.
Top Ways to Lose Money Selling Land
- Not pricing accurately
- Not Understanding Tax Consequences
- Not understanding the market
- Not formalizing a lease
- Ruining the Aesthetics (Cutting timber inappropriately)
- Over-improving the Property
- Not marketing and advertising nationally
- Not Negotiating well
- Not Hiring a Land Professional Familiar with the location / Market
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.
Show Sponsors:
Farm Credit of Northwest Florida
Tune in each week as we bring in various experts to help provide answers to important land owner questions like, “how much is my land worth today,” “how much is my land worth per acre,” “how much is timberland worth,” “what is my farmland market worth,” “how much is agricultural land worth,” and other such questions. Many factors go in to determining the value of land and seeking out the wisdom of experts is a great place to find the answers to your questions.
