Many industries have experienced an unprecedented decline in business and/or activity due to the COVID-19 pandemic. Despite these extraordinary circumstances, the interest in, and sale, of land properties has increased by more than 100 percent in some cases. If you’re considering investing in or selling land, now is the perfect time.
Buyers, buyers, buyers – With locations around the country implementing stay-at-home orders, buyers are utilizing online resources to find non-urban real estate. The amount of people in the market for rural and country properties is growing by the day. Recreational properties, vacant land, farms, ranches, country homes on acreage and development land are among the lifestyle properties in great demand across the county.
Return on investment – Because the interest and number of potential buyers for a specific property type is so high, the opportunity for sellers to maximize their return is exceptional. In addition, due to the uncertainty of a pandemic situation, buyers are wanting to move quickly, potentially eliminating to possibility of any last-minute cold feet or buyer’s remorse.
Lifestyle change – The desire for immediate access to amenities in densely populated areas has been replaced by the want and need for space as well as privacy. Controlling your day-to-day interactions is increasingly critical, while many are going a step further by developing their food supply with hobby farms and gardening.
United Country Real Estate features a nationwide team of land specialists who can help you find the perfect plot of land for your lifestyle. Visit UnitedCountry.com today to learn how you can take advantage of more than 95 years of unmatched industry expertise.
Sources:
https://www.redfin.com/blog/urban-vs-rural-homebuyer-interest-coronavirus/
https://www.rliland.com/buyers-moving-recreational-land-age-covid-19/
