Unlocking Rural Real Estate FAQs

Written by: Illinois LandGuys Broker, Chase Burns

Selling Rural Real Estate? Unlocking Rural Real Estate FAQs: Insights Await!

Welcome to Unlocking Rural Real Estate FAQs! In this comprehensive guide, expert broker Chase Burns delves into the intricacies of buying and selling rural properties. Whether you’re navigating the market for a home on acreage or a farm, Chase has the insights to address some of the top 7 questions.

#1 – Is now a good time to sell my home on acreage?

Yes, now is a great time to sell your home on acreage. Inventory remains low while buyer demand is high, creating favorable conditions for sellers to achieve competitive prices and favorable terms.

#2 – How long will it take to sell my home/farm?

If priced correctly, your home or farm should sell relatively quickly. Currently, the average days on the market (DOM) for homes is less than 30 days, and for farms, it’s less than 45 days, indicating a robust market with strong buyer interest. We can have your property listed on the market in as little as 24 hours, or up to 7 days, depending upon the visuals and marketing materials we need to prepare to maximize the quality of it’s first impression.

#3 – How much is my home worth?

Determining the value of your home is a crucial step in the selling process. As an experienced broker, I can provide you with a quick-look estimated range after an initial conversation, or a detailed Comparative Market Analysis (CMA) report if needed, giving you a clearer understanding of your property’s market value.

#4 – What are some things I need to do to get my house ready for sale?

Getting your house ready for sale involves several steps, including decluttering, enhancing curb appeal, making necessary repairs, and staging your home to showcase its best features. These preparations can help attract more buyers and maximize your property’s selling potential. They will make it show and photograph much better, which will translate into more money for you at the closing.

#5 – What if I sell my home but am not able to find a new one to buy?

Selling your home before finding a new one can be concerning, but there are options to consider such as temporary housing, rent-back agreements, or including a contingency clause in the sales contract that allows for more time to secure a new residence. Closing dates are also negotiable, especially in a competitive market, so you can often buy yourself some time and still get the deal you want.

#6 – Home prices are going down, now. Should I wait to buy?

While fluctuations in the market occur, attempting to time the market perfectly is challenging. If you’ve found the right propertyat a price you can afford and plan to stay long-term, waiting may not be necessary as real estate tends to appreciate over time. Interest rates are expected to decline this year, and have already gone down slightly, making this an even better time to make a purchase.

#7 – What is the best time of year to sell a home?

The best time of year to sell a home is typically during the spring and summer months, particularly from May to August, which accounts for over 40% of annual home sales. Listing your home in April is often ideal to capitalize on increased buyer activity and favorable weather conditions, optimizing your chances for a swift and profitable sale

Do you have more questions about rural real estate? – Reach out to Chase Burns!

If you are thinking of buying or selling a home on acreage, or a farm, this year, don’t wait! Contact Chase now to set up a consultation visit. Discuss your needs, desired timeline, and let him help you get the best deal. Contact Illinois Land Broker Chase Burns at 309-368-0370.

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