{"id":9788,"date":"2024-03-15T10:00:00","date_gmt":"2024-03-15T14:00:00","guid":{"rendered":"https:\/\/nationalland.com\/blog\/?p=9788"},"modified":"2024-03-15T11:10:11","modified_gmt":"2024-03-15T15:10:11","slug":"benefits-of-dividing-land-for-sale","status":"publish","type":"post","link":"https:\/\/nationalland.com\/blog\/benefits-of-dividing-land-for-sale\/","title":{"rendered":"Benefits of Dividing Land For Sale"},"content":{"rendered":"\n

As Land Professionals, we often encounter difficulties in finding the right way to market and sell a property. Typically, a property will sit idle on the market for one of two reasons: the price is too high or the marketing exposure is too low. A popular strategy among Land Professionals to address these issues is dividing the property into smaller, more marketable tracts.<\/p>\n\n\n\n

As a landowner, while you may be hesitant to split up this property that you\u2019ve worked hard to cultivate, it\u2019s important to understand that dividing land to sell can work in your favor to fulfill your selling requirements. I\u2019ve personally encountered quite a few scenarios where by dividing their property, we were able to provide sellers with a faster sale and easier overall experience.<\/p>\n\n\n\n

Here are a few ways that dividing land to sell can benefit landowners!<\/p>\n\n\n\n

Benefits of Dividing Land for Landowners<\/h2>\n\n\n\n

We recently closed on a property in Boone County, Missouri that had been previously listed by two other land companies. The seller was not motivated to reduce the price, so we knew a creative approach would be needed to sell the farm. All properties are only worth what a qualified buyer is ready and willing to pay, and to this point, the market had not shown this property was worth what the seller was asking. <\/p>\n\n\n\n

Even with all of our marketing expertise and techniques, a property that\u2019s priced too high poses a significant challenge. So what can we do to affect the price a buyer is willing to pay? In my experience, the answer is to look at the highest and best use.<\/p>\n\n\n\n

Understanding Best-Use<\/h3>\n\n\n\n

In its previous use, this property consisted of 113 acres of tillable land just outside Columbia, a major metropolitan area in central Missouri. The issue was nobody was willing to pay a premium for farm ground this close to town. This is where understanding the best possible use for a property becomes important. Knowing that this area had more of a market for homesites than farmland helped inform our next moves.<\/p>\n\n\n\n

It soon became obvious to us that 113 acres was too big and too pricey for a rural homesite in this area. However, we knew people would pay more for a beautiful homesite than they would for tillable farm ground. So instead of reducing the price, we chose to reduce the acreage by dividing the farm into smaller tracts.<\/p>\n\n\n\n

Same Amount of Money, Potentially Faster Sale<\/h3>\n\n\n\n

As it sat, this farm was easily divisible with road frontage running along the entire western boundary. After only a couple short weeks marketing the northern 40 +\/- acres of the farm, we received a cash offer for the exact number the seller hoped to get. By dividing the property, we also expanded the pool of potential buyers since in our market there are more buyers with the purchasing power to buy a homesite on 30-40 acres rather than 113 acres of farmland.<\/p>\n\n\n\n

This left us with about 73 acres remaining. We chose to use the same approach; we split the remaining acreage again and quickly negotiated two closings contingent upon both being executed on the same day. In doing so, we not only ensured the sellers got their price but made sure they were able to get all 113 acres sold in a timely manner. <\/p>\n\n\n\n

As Land Professionals, we exist to solve problems. When choosing your real estate brokerage, make sure to look beyond the marketing, beyond the drone photos, and make sure they have the end in mind. One of a Land Professional\u2019s most important responsibilities is ensuring that you as the seller leave the closing table excited about the transaction that just took place. <\/p>\n\n\n\n

If you\u2019d like to learn more about how dividing your land could improve the selling process, please reach out to me<\/a> at Awardenburg@NationalLand.com<\/a>, or contact your local Land Professional!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As Land Professionals, we often encounter difficulties in finding the right way to market and sell a property. Typically, a property will sit idle on the market for one of two reasons: the price is too high or the marketing exposure is too low. A popular strategy among Land Professionals to address these issues is … <\/p>\n

Continue reading “Benefits of Dividing Land For Sale”<\/span><\/a><\/p>\n","protected":false},"author":79,"featured_media":9790,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[11],"tags":[1542,1540,1541,299],"class_list":["post-9788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-selling-land","tag-benefits-of-dividing-land","tag-dividing-land","tag-faster-sale","tag-selling-land","entry"],"yoast_head":"\nBenefits of Dividing Land For Sale - National Land Realty News<\/title>\n<meta name=\"description\" content=\"When looking to sell land, sometimes dividing a large tract can provide a faster and more lucrative sale. 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Before joining the team, Alec previously held an ag sales role for several years with Manna Pro Animal Health. During his time there, he gained experience relating to feed sales, animal health supplements and equine\/pet nutrition. Currently, he is a commodity settlement specialist with Bunge Grain Merchandising in Chesterfield, MO. He is also in the Missouri Army National Guard where he is a 2nd lieutenant in a horizontal engineering platoon. He is a graduate of the University of Missouri with a bachelor\u2019s degree in agribusiness management with a minor in plant sciences and military science. As a Land Professional, Alec is eager to work hard for his clients in the Missouri area. Born and raised in the state, he has a great understanding of the types of land and resources available within different regions of Missouri. Additionally, he\u2019s had the opportunity to travel, work and hunt\/fish in most areas of his home state. Not only has this allowed him to have a better understanding of the recreational opportunities in different areas, but it has also enabled him to network with local landowners and feed\/seed dealers. When Alec isn\u2019t working, he enjoys spending time hunting waterfowl, deer and turkey hunting throughout Missouri and South Dakota, as well as crappie fishing in the spring. He currently resides in Lake Saint Louis with fianc\u00e8, Hannah and black lab, Deuce. View Alec's Listings and Reviews on NationalLand.com","sameAs":["https:\/\/nationalland.com\/alec-wardenburg"],"url":"https:\/\/nationalland.com\/blog\/author\/alec-wardenburg\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/nationalland.com\/blog\/wp-content\/uploads\/2024\/03\/AdobeStock_89320951-scaled.jpeg?fit=2560%2C1707&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p7sjRT-2xS","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/nationalland.com\/blog\/wp-json\/wp\/v2\/posts\/9788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalland.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalland.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalland.com\/blog\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalland.com\/blog\/wp-json\/wp\/v2\/comments?post=9788"}],"version-history":[{"count":2,"href":"https:\/\/nationalland.com\/blog\/wp-json\/wp\/v2\/posts\/9788\/revisions"}],"predecessor-version":[{"id":9793,"href":"https:\/\/nationalland.com\/blog\/wp-json\/wp\/v2\/posts\/9788\/revisions\/9793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalland.com\/blog\/wp-json\/wp\/v2\/media\/9790"}],"wp:attachment":[{"href":"https:\/\/nationalland.com\/blog\/wp-json\/wp\/v2\/media?parent=9788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalland.com\/blog\/wp-json\/wp\/v2\/categories?post=9788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalland.com\/blog\/wp-json\/wp\/v2\/tags?post=9788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}