Carroll & Montgomery Counties, Mississippi

I looked at several land tracts today. There is a lot of land priced at premium prices. Inflation, interest rate hikes, recession all need to be considered when settling on a comfortable price to pay for land. Robert W Neill Jr, Real Estate Broker 601-519-0075 (Text, Whatsapp, Signal)

Comments

Post a Comment

Popular posts from this blog

High Interest Rates Are A Perfect Storm for Bargain Hunters In Land Markets

Image
In the realm of real estate, the old adage "Buy low, sell high" has always been a guiding principle for savvy investors. In the current economic landscape, there is a golden opportunity for those looking to invest in rural land. High interest rates have created a market where prices are more negotiable than ever before, making it an ideal time for astute buyers to strike while the iron is hot. The Perfect Storm for Bargain Hunters One of the main factors contributing to the unique situation we find ourselves in is the surge in interest rates. When interest rates are high, it becomes more challenging for sellers with heavy debt loads to sustain their investments. This is particularly true for those individuals who bought rural land as "flippers" hoping to cash in on a quick turnaround. With rising interest payments eating into their profits, many of these sellers are now eager to offload their properties, creating a buyer's market. The Moody"s downgrade of t...
Read more
Land for sale in Attala, Carroll, Grenada, Holmes, Leflore, and Montgomery counties. We will help you get the best possible deal at an affordable price. Robert W Neill Jr, Broker, 601-519-0075 (Mobile, Text, Whatsapp)
Read more

Mississippi Land Prices In The Last Half Of The Year

One of my advertising slogans is "you only get one chance to pay the right price" That is especially true in 2022 for rural Mississippi land prices. A 3 year Covid pandemic, Ukraine war, inflation, depressed timber prices, and a near recession has resulted in prices being volatile. Earlier in the year some buyers paid $2,000 for bare earth freshly cutover land which would costs hundreds per acre to replant while others have waited and are now seeing prices start to moderate with some cutover tracts as low as $1,100 to $1,200 per acre and some tracts with good plantation and mixed timber stands being priced under $2000 an acre. When I represent the buyer side of a deal I try to look at every possible factor and get the best feel of what would be the bottom dollar the seller would take under the circumstances. If we continue to have economic worries from 2022 through 2024 it will be an ideal time to buy land.  
Read more