When Is It The Right Time To Sell Land?
According to the NTREIS Ellis county land sales activity report, closing sales are up 18% in the amount of sales closed and up 109% in total dollar volume collected. What does this mean for land owners? It means land owners in Ellis county are more than likely able to create a higher substantial profit margin than that of last years reported sales. I do not have the information to state that in next years report that profits will increase more than 2011 has projected but in comparison to sales closed in 2010 the likeliness of profit drawn from selling land in Ellis county points only toward a higher profit earning.
As the economy has changed many property owners do not think it is a good time to sell. In the last 12 months we have seen 50 land properties sell in Ellis county alone. Do you know what the current market value of your property is? As a Real Living Real Estate Broker/Owner, I constantly monitor activity within our market. My latest review shows that land sales are still strong. If you have thought about selling or would just like the market analysis give me a call.
Real Living Real Estate Group. Service You Deserve. People You Trust.
Mike Houston
(214)-736-1564
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