Interested in Wake County Land or Real Estate?
You certainly would not be alone! Wake County, home to North Carolina’s capitol city of Raleigh and the NC State University Wolfpack, is home to over 950,000 people. Raleigh is part of the greater Triangle area (which includes Durham and Chapel Hill) and is consistently rated among top places to live, work, and raise a family in the entire United States. With international and several regional airports, major highways and interstates, local world-class universities, local and State government centers, and the Research Triangle Park, travel is simple and the whole area has enjoyed generally low unemployment. There are more than 7,000 owners of properties in Wake County which are 20 acres or more in size. Since the real estate market took a nosedive in late 2007, many Wake County real estate owners have decided to wait out the market fluctuations before deciding to sell. According to recent data from the National Association of Realtors, now may be the time.
With interest rates still low and consumer confidence beginning to rebound, you will likely get more now for your land and farm than in the past several years. Wake County saw only a .1% decline in the percent of original list price received at sale and on the positive side, saw a 19.8% increase in the number of closed sales.
So, if you have been on the fence as to whether to sell your land and farm, it may be a time to start considering it more seriously. Even if you decide that now is not quite the time to post your farm, ranch, or land listing, you should start to prepare so that when the time comes, you will be ready. Some things that you can do now that will pay off in spades when you are ready to sell your land and farm are:
- Tidy Up – Depending on the size and condition of your land and farm, this may take time. Mend fences, clean up brush, consider landscaping improvements, and put a fresh coat of paint on outbuildings. This will help you to increase the perceived value of both your land and any home on the property.
- Contact a real estate marketing agency and have them help you start to formalize a strategy to present your property
- Consider hiring a professional real estate photographer and videographer to stage and photograph your property. These photos/videos will come in handy when you are ready to sell.
If you do decide that now is the time to advertise your ranch, farm, or land listing, contact us today for a free, no-obligation real estate marketing consultation.
For buyers and sellers looking for North Carolina ranch and farm land for sale or other developmental properties for sale, our website offers an interactive, private portal to explore exclusive listings in their specific area of interest. © 2013 Legacy Farms and Ranches of North Carolina, LLC