Selling Rural Land in Texas

Selling rural land in Texas requires a much different approach than selling real estate in a city or suburb. This is due to the unique characteristics of agricultural properties and the fact that many buyers are looking for a place where they can live off the grid, hunt, and enjoy outdoor activities. Fortunately, the process of selling rural property in Texas can be less daunting than many homeowners think.

Before you begin the sale process, be sure to get your paperwork in order. This includes any deeds or titles to your property, as well as a boundary survey and an appraisal. This will help you determine what your property is worth, and it will also be necessary when creating a sales contract. Depending on the type of land you have, it might be best to hire an experienced real estate agent or broker to handle the sale for you.

Advertising your property is essential in attracting potential buyers for your land. Using local, online, and print media can help you reach the right audience. You may want to consider advertising on popular agricultural websites, social media platforms like Facebook or Instagram, and in industry magazines or newsletters. A knowledgeable land agent or broker can provide expert advice and guidance during this process.

When it comes to negotiating with a buyer, the key is knowing what to expect and being prepared for any obstacles that might come up along the way. For example, buyers may ask for a financing contingency or an environmental inspection, so be sure to understand the requirements and expectations of each party before entering into any negotiations.

A good rural land broker or agent can help you avoid costly mistakes and navigate the complicated process of selling your property. They can also advise you of the current market trends and opportunities, and help you find a buyer for your property at the best price.

The demand for rural land by city-dwelling Texans continues to grow, as evidenced by record high prices and sales for large acreage rural land in 2021. This trend is expected to continue as Texans seek to escape the problems of urban life.

According to the Center’s data, sales of small tracts of rural land are driven by non-agricultural factors that influence value in different ways than those of larger, more intensively used farm or ranch land. Historically, the Center has excluded these sales from the rural land sales data it reports, but beginning next year, small sales will be reported separately under a tab on the website dedicated to rural land.

Whether you are planning to sell your land for recreation, farming, or development purposes, it is important to know the tax implications of your sale. A qualified appraiser can help you determine if the proceeds from your sale will be subject to capital gains taxes. In addition, you may be able to take advantage of certain tax breaks for forestry or agricultural use.