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U.S. Land Values Holding Strong in Third Quarter of 2023

August 17, 2023

“If you bought your property at $500 an acre, and today it’s worth $5,000 an acre, you’re going to have significant capital gains exposure at the sale of that property. But if we can transfer that money into some other income-producing asset and defer those capital gains, then you can use that money and invest it,” stated CEO of National Land Realty Ronnie Richardson during his recent appearance on RFD-TV.

Ronnie spoke about the ways that increased interest rates are impacting U.S. land values in 2023 and the best time to sell as a landowner. According to Ronnie, the best time to sell as a landowner is when you don’t need to, and he recommended talking to a Land Professional years in advance before listing your property. He also explained the process of a 1031 exchange and the ways that this process can benefit landowners by deferring the capital gains taxes on the sale of their property.

To view Ronnie’s full appearance, click here!

About the Author
National Land Realty specializes in farm, ranch, recreational, timber, country estates, and commercial development properties. We’ve created the world’s best way to buy, sell, lease, and experience land. One seamless hub of knowledge, unprecedented data, and game-changing technology— accessible from anywhere. Our agents offer local expertise, with the support of a national network.