This is a decision that has likely not been easy to come by, nor should be taken lightly. Use this simply as a guide for the steps to sell land. This is in no way an exact science and each transaction is unique and requires flexibility.
What you don't know can cost you time and money when it comes to selling your property. The best source of information is your real estate agent, and we've put together a growing list of helpful resources about the real estate selling process. When you're ready, give Heyn Real Estate a call at (605) 891-8744 to discuss how we can help sell your property.
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If you are planning to sell your ranch, there are several things you should know before selling. First and foremost, you should find the right ranch real estate agent for your sale. The key to a successful ranch sale lies with an agent you can count on. They should be honest, hard-working, and have ample experience.
In the real estate arena, a 1031 exchange means you swap your investment property for another one that allows capital gains taxes to be deferred. The term gets its name from the IRS code Section 1031, which is used commonly by title companies, realtors, and investors. A few people even insist on turning it into a verb, as in: “Let’s 1031 that land for another”.