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Joined: Nov 2005
Posts: 4,499 Likes: 14
10 point
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10 point
Joined: Nov 2005
Posts: 4,499 Likes: 14 |
You are 💯 correct about the value being what someone is willing to pay for it. And folks are paying way more now than just a few years ago for rural land.
My mom is currently selling an 18-acre tract in Palmetto (about as rural as it gets) for $2,700/acre with no marketable timber. That deal was struck without even listing with a realtor to get more buyers in the game. Tax appraisal is $1,200/acre.
Those two tracts you mentioned have been on the market a while and there’s a reason for that.
If you find a decent tract you really want to purchase, just don’t get your feelings hurt when the seller acts insulted when you offer the tax appraised value.
I certainly wish land was still selling for pre-covid prices but those days are over.
You're only as good as your worst shot-
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