Land Boss: top offer in North Dakota is on a roll. Cropland values are up double-digits over the past two years (North Dakota Monitor, 2022), and the state’s rural land market remains one of the top in the country. With such a strong market, now’s an ideal time to sell your farm or ranch and get the cash you need.
People sell their property for a myriad of reasons, all shaped by unique circumstances and goals. Understanding these motivations can help you decide if selling your land is the right move for you.
Financial Needs
Unexpected expenses or debts can put a crimp on your plans. Selling your land can help you offset these costs and continue on with your life.
Investment Diversification
Investing in land can be an excellent way to diversify your portfolio. However, if you’re tired of the upkeep and want to focus on other investments, selling your land can give you the capital you need to take the leap.
If you’re ready to sell, it helps to have a team of experts at your side. These include a land surveyor, a soils specialist, and an environmental assessment professional. These folks are worth their weight in gold when it comes to a smooth sale. They can help you cross all your T’s and dot all your I’s. Lastly, be sure to have recent property tax records at the ready. Having these on hand will show you’re square with the county.