There is a finite amount of land in Virginia, and if you’re thinking about buying it, you need to make sure that you’re making the best decision. That’s why it makes sense to work with a house buying company that specializes in raw land sales. These companies are buyers, not agents, which saves you time and money. Plus, they’ll know exactly what to look for and can help you avoid any pitfalls.
The agriculture industry is the largest in the state and generates about $70 billion annually, and that’s a big reason why land for We buy land in Virginia is so affordable. The industry also employs over 300,000 people, which is far more than the state’s other key industries combined. The state’s other main industries include tourism, energy, and manufacturing. In addition to farming, there are a number of other components of the industry that have a major impact on the economy, including agritourism and agribusiness.
While a large percentage of land for sale in Virginia is listed by a real estate agent, you’ll still come across some FSBO properties on the internet and while driving around. These sellers may not have a lot of experience with selling property or they may have an unrealistic price in mind. It’s often best to have your own real estate agent contact the FSBO seller or, if you aren’t using an agent, do so yourself.
Some sellers choose to sell their land because they’re no longer in need of it and want to get rid of it. Other reasons include inheritance, relocation, and the desire to cash out on the property. In most cases, the deciding factor is whether it’s worth paying the annual property tax and county assessment for vacant land or not.
Considering all the variables, it’s difficult to pin down how much land in Virginia costs per acre. Prices are impacted by the location, quality and limitations of the land, and what types of development will be permitted. In other words, you’ll pay more for a 3-10 acre lot in a high-end neighborhood than you would for a 1 acre lot in a less desirable area.
One way to understand the market is to talk with a local real estate expert. A top agent can give you an accurate home valuation and advise you on your options, even if that means selling to a we buy houses company or iBuyer. They can provide you with a range of offers and help you weigh the pros and cons of each.