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Is this property in NC? People with horses just love NC for some reason. You need to find a realtor who specializes in horse properties and market it to them, even if there is no barn or fence. Back when I owned horses, I bought a house in TN that needed massive repairs just because it had lots of land and would work for my purposes. One of the topics on a chat board I frequent is lamenting the fact that people indiscriminately clear land to build a new home instead of recycling property that has a teardown house on it.
You might check with an outfit like www.horseproperties.net or www.equine.com that lists land and homes all over the US. There's one on Horse Properties right now as "intimate" with 5 acres for $85K in Scotland County, NC. Intimate is code word for tiny, BTW. There are also many horse-oriented forums that have classified ad areas.
You have to market to the right people to sell your property.
Is this property in NC? People with horses just love NC for some reason. You need to find a realtor who specializes in horse properties and market it to them, even if there is no barn or fence. Back when I owned horses, I bought a house in TN that needed massive repairs just because it had lots of land and would work for my purposes. One of the topics on a chat board I frequent is lamenting the fact that people indiscriminately clear land to build a new home instead of recycling property that has a teardown house on it.
You might check with an outfit like www.horseproperties.net or www.equine.com that lists land and homes all over the US. There's one on Horse Properties right now as "intimate" with 5 acres for $85K in Scotland County, NC. Intimate is code word for tiny, BTW. There are also many horse-oriented forums that have classified ad areas.
You have to market to the right people to sell your property.
It is in NC and thanks for that suggestion. And I've felt all along that my realtor has never identified target buyers and I think that's another area she's dropped the ball on.
It is in NC and thanks for that suggestion. And I've felt all along that my realtor has never identified target buyers and I think that's another area she's dropped the ball on.
Identifying and marketing to target buyers is essential.
When we sold our last home, our realtor told us that we would like sell to a single person or couple without kids as we only had one bathroom for all the bedrooms.
We worked with the stager to make it clear that this was a home for adults. Workout room instead of playroom, for example.
Realtor marketed our home as appealing to adults who valued privacy, yet wanted to be close enough to walk to neighborhood restaurants and bars, nearby running trails, etc.
Buyers were a professional couple without kids.
Go figure.
Time to wrap it up with this agent as her approach is not working.
Make sure whoever you select next has had some success with and plans for how to market your unique property.
Is the property zoned as residential? Single family dwelling only? Or commercial? Is it a wetland tgat can nit be developed? What would it cost you to subdivide it? The location and any zoning will determine potential buyer. It is pretty hard to get good price, if you do not know what you have.
If the house is the problem, give house away for hauling off.
If it was me, I'd get that house off and clean up site. Then go to land assessment office which determines tax valuation and apply for reduction in property taxes.....and sit on it as an investment that will pay off later. You might qualify for blight removal credit and get a tax break. Or the local bank might give you a loan to develop it to improve the neighborhood.
If you are not willing to do that or not interested in future money, sell it for a nickle more than you have into it ($0 gift + whatever you put into it) take all the info to your tax preparer and move on.
Or sell it to current renter for zero down and their current rent payment and carry the contract yourself.
Is the property zoned as residential? Single family dwelling only? Or commercial? Is it a wetland tgat can nit be developed? What would it cost you to subdivide it? The location and any zoning will determine potential buyer. It is pretty hard to get good price, if you do not know what you have.
If the house is the problem, give house away for hauling off.
If it was me, I'd get that house off and clean up site. Then go to land assessment office which determines tax valuation and apply for reduction in property taxes.....and sit on it as an investment that will pay off later. You might qualify for blight removal credit and get a tax break. Or the local bank might give you a loan to develop it to improve the neighborhood.
If you are not willing to do that or not interested in future money, sell it for a nickle more than you have into it ($0 gift + whatever you put into it) take all the info to your tax preparer and move on.
Or sell it to current renter for zero down and their current rent payment and carry the contract yourself.
Honestly, based on my brief experience with the property and tenant and previous experience with a rental property, I don't desire to keep the property for any longer than I have to in order to get it sold.
The property is zoned as residential single family, but could be potentially developed as a single family or even commercial. I have talked with someone in our local planning department, but before any kind of rezoning or subdivision of the parcel would be granted the board who approves these types of requests would require a redevelopment plan which of course would cost money.
But I think my best course of action at this point before moving forward is to find another realtor and consult with them to come up with a plan and target buyer for the property.
But I think my best course of action at this point before moving forward is to find another realtor and consult with them to come up with a plan and target buyer for the property.
I think this is a great idea. Be sure to ask potential agents about their experience in marketing similar properties and what they do to connect with potential buyers besides the MLS listing.
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