Most of the summer you have heard about the drought and how it has impacted all most every way of life, but there is good news in the auction world. Land is a huge part of auctions and it’s been a consistent seller this year throughout several states. Many are baffled as to why land would be still valuable even though it’s been through so much with the weather and drought this summer.
#1. Auctions are timeless.
Auctions attract a lot of people, but they especially attract buyers are who are interested in purchasing land. One of the main reasons is they are looking to get a great deal and they are looking to come out with something they can turn for profit. Showing up at an auction that is releasing large amounts of land is a no brainer.
It shows that auctions are timeless, no matter what the situation. It also shows that land is desirable even if it’s been through one of the droughts in history. Bringing both together is genius in the sense that the seller gets what they were looking for and so does the buyer.
#2. Auctions still bring quality.
Land sold at auctions still will sell at different rates. Land that has better soil and quality of land will obviously sell better. However, those who thought that their land wouldn’t sell because it was affected by the drought were wrong. Those who attend auctions are looking for different things and you never know if you have the product in which that person may be looking for.
#3. Auctions bring the long term.
Often when someone is looking to purchase they have long term goals in mind and that’s what is ideal about auctions. A lot of people who attended auctions this summer were looking at long term goals in terms of land. Just because the land had a rough year this year doesn’t mean it won’t see better years.
(Most) people who attend auctions have goals that they want to reach and they look at it as an investment. The truth is that passing up on selling land at an auction, or anything for that matter, could be a bad move on your part. Auctions are proving over and over again to be a positive way to sell and obtain long term investment pieces.
Have you thought about attending an auction lately to buy or sell a piece of land?