How Long Does it Take to Sell Land in Wyoming?

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How Long Does it Take to Sell Land in Wyoming?
By

Bart Waldon

You're standing on a plot of land in Wyoming, the wind whipping through your hair as you gaze across the endless horizon. It's beautiful, it's yours, and you're ready to sell. But how long will that take? Grab your cowboy hat and settle in, because we're about to wrangle the ins and outs of selling land in the Equality State.

Wyoming's a special place, no doubt about it. With more antelope than people and landscapes that'll make your jaw drop, it's no wonder folks are eyeing up parcels here. But when it comes to selling, things can get as unpredictable as a bucking bronco.

Now, let's talk numbers for a second. The University of Wyoming did some digging and found that agricultural land in the state can sit on the market anywhere from 6 to 18 months. That's quite a spread, right? And get this – the Wyoming Department of Revenue reported land values jumped up 5.7% between 2020 and 2021. Seems like more folks are catching on to Wyoming's charms.

What's Cooking in the Wyoming Land Market?

Location, Location, Location (and Access)

You've heard it before, but it's truer than ever when it comes to Wyoming land. Got a piece near Jackson Hole or with a view of the Tetons? You might be in luck. But if your plot's more "middle of nowhere" than "gateway to Yellowstone," you might be in for a longer haul.

And let's not forget about getting there. A property with good road access is like gold. If buyers need a pack mule and three days' rations to reach your land, you might be looking at a tougher sell.

What's It Good For?

Is your land prime grazing territory for cattle? Maybe it's got potential for a cozy mountain retreat? The intended use can make a big difference in how fast it moves. Agricultural land plays by different rules than a lot zoned for that dream cabin someone's itching to build.

The Market Mood

The land market in Wyoming can be as changeable as the weather. One year, everyone's clamoring for a piece of the prairie. The next, it might cool off faster than a Cheyenne winter. Lately, there's been a buzz around rural properties, which could work in your favor if you're looking to sell.

So, How Long Are We Talking?

Alright, let's break it down. Selling land in Wyoming isn't usually a quick flip situation. Here's a rough timeline:

  1. Getting Your Ducks in a Row (1-3 months): This is when you're digging up documents, maybe getting a survey done, and figuring out what your land's really worth.
  2. Putting It Out There (3-12 months): Now you're in the thick of it – listing, advertising, showing folks around. This can take a while, especially if your land is unique or off the beaten path.
  3. Sealing the Deal (1-3 months): You've got a bite! Now it's time to haggle over the price and wade through the paperwork.

All in all, you're looking at anywhere from 6 months to 2 years before you're handing over the deed. But remember, every piece of land has its own story, and some sell faster than a tumbleweed in a dust storm, while others... well, they might stick around a while.

Want to Speed Things Up?

Price It Right

This isn't the time for wishful thinking. Price your land too high, and it'll sit there gathering tumbleweeds. Too low, and you're leaving money on the table. It might be worth chatting with someone who knows the local market inside and out.

Shout It from the Rooftops (or at least online)

Good marketing can make all the difference. We're talking high-quality photos, detailed descriptions, maybe even some drone footage if you're feeling fancy. And don't just stick to the "For Sale" sign – get that land on every platform you can think of.

Spruce It Up (Yes, Even Empty Land)

You might think there's not much you can do with raw land, but a little effort goes a long way. Clear out any access roads, mark your boundaries clearly, and maybe put together some info on what the land could be used for. Make it easy for buyers to fall in love.

Think Outside the Box

Traditional listings work, sure, but have you considered an auction? They're gaining traction in Wyoming and can sometimes lead to a quicker sale. Or, if you're really in a hurry, there are companies out there that specialize in buying land for cash. It might mean taking a bit of a hit on the price, but it could wrap things up in weeks instead of months.

The Fast Track: Cash Buyers

Speaking of cash buyers, this option's worth a closer look if time's of the essence. Companies like Land Boss have been in the game for 5 years, with over 100 land deals under their belt. They typically offer less than market value, but in exchange, you get speed and certainty.

Now, some folks might scoff at these offers as lowballing. But here's the thing – if you need to sell fast and don't want to deal with the whole song and dance of traditional selling, it's a valid option. No need for months of marketing or crossing your fingers that your buyer's financing comes through.

The Reality Check

Let's be honest – selling land in Wyoming isn't always a walk in the park. The market can be more unpredictable than a game of chance in Deadwood. And because every piece of land is unique, it's not like selling cookie-cutter houses in the suburbs.

You've got to be patient, flexible, and ready for a bit of a wild ride. But hey, that's Wyoming for you – always keeping things interesting.

Final Thoughts

So there you have it, folks. Selling land in Wyoming typically takes anywhere from 6 months to 2 years, but your mileage may vary. It all depends on where your land is, what it's good for, and how the market's feeling.

Whether you decide to go the traditional route, try your luck at auction, or opt for a quick cash sale, the key is knowing your options and what matters most to you. Are you after top dollar, or is a speedy sale your priority?

Remember, selling land in Wyoming is a bit like taming a wild horse – it takes time, patience, and sometimes a bit of luck. But with the right approach and a realistic outlook, you'll be closing that deal before you know it. Happy trails!

About The Author

Bart Waldon

Bart, co-founder of Land Boss with wife Dallas Waldon, boasts over half a decade in real estate. With 100+ successful land transactions nationwide, his expertise and hands-on approach solidify Land Boss as a leading player in land investment.

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