They’re Not Making Land Anymore
Everyone has heard this saying before. It’s supposed to be a tongue-in-cheek sort of thing but obviously it is so very true. Just drive through the eastern parts of Dracut that used to be wide open farmlands. Now they have streets carved out everywhere. But when you are one of those folks who own vacant land somewhere in Dracut, it can be difficult to know just when to sell. The value of unused land can change dramatically over time and with such a “hands-off” investment, you may even forget that it’s there!
If you’ve owned the land for any length of time chance are your life may have changed since you bought your land, and your dreams of developing the property may have also changed. Unless you anticipate major appreciation of your land or you plan to build in the immediate future, now may be the best time for you to sell it. Keep reading to learn more about why right now may be the right time to sell your land in Dracut!
Is There Less Demand?
Because building materials are so expensive right now, not as many people are choosing to build a new home. Because of that, it might be harder to offload your vacant property until the market swings back around again. But if you do choose to sell your land in Dracut, we might be the best option! At Summit Buys Houses we are still paying great prices for all types of vacant land all over Dracut. Before you try to list it with a real estate agent, or decide to keep holding onto it, find out how much cash we can offer. There is never any hassle in getting our offer, there’s no obligation to accept our offer, and we’ll never pressure you to sell.
Can You Use The Cash Elsewhere?
Whoever says they have enough money? Seriously, we all have bills that need to be paid or places we’d like to put some investments into. So think about the possibilities for a moment. By selling off your unused, vacant land in Dracut, you will be able to pay off outstanding debts, reinvest elsewhere, or stash away the extra cash for a trip or other fun expense. So instead of drowning in debt or putting off something you would really like to do, why not cash in on your land to raise the funds you need!
How Much Does It Cost To Keep My Land?
Make no mistake, there are costs to owning land in Dracut MA. If there are no mortgages on the land, you might actually be unaware of how much you spend every year, just to hang on to this property. Maybe you haven’t looked at how much you actually spend on this land for some time now. While they are much lower than a single-family home in Dracut, the expenses are there and really can’t be ignored.
For starters, you will be paying property taxes on your land for as long as you own it. Every year that tax bill needs to be paid. If you were to own the property for several years, this can equate to thousands in taxes that will eat away at any potential profits you expect to receive from selling. Also, depending on your property and location, there can be maintenance costs that come along with owning. In some cases, your land will need to be cleared or mowed regularly. Again your ongoing expenses will eat away at your profits when you do decide to sell.
Is It Helping You Right Now?
People love investing in land because it is very low maintenance compared to other types of real estate. With that said, have you ever asked yourself; “Is this really doing anything for me?” It is unlikely that the land is generating any income for you unless you have been able to rent it out for someone else to use. And even if that is the case, the amount you collect versus what you pay in property taxes and insurance most likely makes this a losing equation. Most definitely, there are many other kinds of investments out there that will offer greater returns than a piece of land. For example, instead of parking your money in a piece of land, you could leverage it into something bigger—like a small apartment building, or a bundle of blue-chip stocks. Take just a few minutes of time to reach out to us. We’ll help you discover how much cash we can offer for your land and learn all about the other investments out there that can actually put more money in your pocket each month!
Have Your Needs Changed?
Maybe you purchased the land years ago with the intent to build a house, a farm, or a commercial building. However, your plans never came to fruition and now you’re just kind of stuck with the property. In the back of your head, you keep saying you are going to build. But how about taking a step back and maybe even talking with a friend or someone else who you can trust with business affairs and financial goals? Ask the questions realistically, how likely are you to fulfill your original plan? Maybe it is time you re-evaluate your needs and make a new choice. If you still want to build, maybe you need a different location. Maybe you need a larger piece of land. Or maybe building on the land is no longer right for you and you should cash in to reinvest elsewhere. If your plans have changed since the day you purchased your land in Dracut or elsewhere in the Merrimack Valley, now is the time to take a fresh look at this investment!
We’re Ready To Buy
Simply put, at Summit Buys Houses we are ready to pay you cash for your unwanted vacant land in Dracut! Our process is fast and easy with the ability to put cash in your hand right away. We are buying land of all types and paying great prices. If you have thought about selling your land in Dracut, now is the time! A direct sale to Summit Buys Houses will help you avoid agent costs, closing costs, and the continued property taxes you are responsible for, for as long as you own the property.
We pay excellent prices and are interested in all parcels of land in the Dracut area. Whether you own a vacant lot or several acres, get in touch to find out what we can offer!