When you invest in land, it can be difficult to know when to sell. Property values can change, your vision of why you wanted vacant land could have altered, or maybe your life has taken another path that you want to follow. Or, as land is such a hands-off investment, you may have even forgotten that it’s there! Whatever your reason, you could be sitting on a piece of property that you’re ready to sell, but you’re not sure if now is the best time to do that. At Investment Land Alliance, we are here to help! Keep reading to learn more about Why Right Now Could Be The Best Time To Sell Your Land In Arizona!
1) Less Demand
At the moment, fewer people are choosing to build. It may be difficult to offload your vacant property until the market picks back up again. If you choose to sell your land in Arizona, right now is a great time to do it! At Investment Land Alliance we are still paying great prices for all types of land in the Southwest. Before you try to list it or decide to keep holding onto it, find out what we can offer. There is never any hassle, obligation, or pressure to sell.
2) Use The Cash Elsewhere
We all have bills that need to be paid. By selling off your unused, unwanted vacant land in Arizona, you will be able to pay off outstanding debts, reinvest elsewhere, or stash away the extra cash for a trip or other fun expense. Instead of drowning in debt or putting off something you would really like to do, cash in on your land to raise the funds you need!
3) Skip The Costs
Yes, there are costs to owning land in Arizona. While they are much lower than a single-family home in the area, they are there and shouldn’t be ignored. For starters, you will be paying property taxes on your land for as long as you own it. If you were to own the property for several years, this can equate to thousands in taxes that will eat away at any potential profits you expect to receive from selling. Also, depending on your property and location, there can be maintenance costs that come along with owning. In some cases, your land will need to be cleared or mowed regularly.
4) It’s Just Sitting There
People love investing in land because it is very low maintenance compared to other types of real estate. That said, is it really doing anything for you? It is unlikely that the land is generating any income for you unless you have been able to rent it out for someone else to use. There are many investments out there that can offer greater returns than a piece of land, meaning instead of parking your money in a piece of land, you could leverage it into something bigger. Reach out to us to find out what we can offer for your land and learn all about the other investments out there that can actually put money in your pocket each month!
5) Your Needs Have Changed
Maybe you purchased the land years ago with the intent to build a house, a farm, or a commercial building. However, your plans never came to fruition and now you’re just kind of stuck with the property. In the back of your head, you keep saying you are going to build, but realistically, it is never going to happen. Maybe it is time you evaluate your needs. If you still want to build, maybe you need a different location. Maybe you need a larger piece of land. Or maybe building on the land is no longer right for you and you should cash in to reinvest elsewhere. If your plans have changed since the day you purchased your land in Arizona, it may be time to evaluate holding onto it!
We’re Ready To Buy
At Investment Land Alliance, we are ready to pay you cash for your unwanted vacant land in Arizona! Our process is fast and easy with the ability to put cash in your hand right away. We are buying land of all types and paying great prices. If you want to sell your land in Arizona, now is the time! A direct sale to Investment Land Alliance will help you avoid agent costs, closing costs, and the continued property taxes you are responsible for, for as long as you own the property.
If you need to sell your land in Arizona, Investment Land Alliance is ready to buy! We pay excellent prices and are interested in all pieces of land in the Southwest. Whether you own a vacant lot or several acres, get in touch to find out what we can offer!