How to Sell Agricultural Land in West Virginia?

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How to Sell Agricultural Land in West Virginia?
By

Bart Waldon

West Virginia's stunning landscapes aren't just for postcards - they're working lands too. From the rolling hills of the Eastern Panhandle to the lush valleys of the Ohio River, agriculture has deep roots in the Mountain State. But if you're thinking about selling your farm or acreage, you might be wondering where to start.

Let's kick things off with some numbers. According to the USDA's 2017 Census of Agriculture, West Virginia had 23,622 farms spread across 3.6 million acres. That's a lot of land! The average farm clocked in at 155 acres, but don't worry if yours is bigger or smaller - there's a market for all sizes.

Here's an interesting tidbit: the U.S. Geological Survey found that about 78% of West Virginia is covered in forests. That's a whole lot of trees! This mix of farmland and forests creates a unique selling proposition for many properties.

The Ups and Downs of the WV Land Market

Before we dive into the nitty-gritty of selling your land, let's talk about the market. Selling land in West Virginia can be a bit like predicting the weather in the mountains - it changes fast and can vary a lot depending on where you are.

The demand for agricultural land can swing wildly based on factors like location, soil quality, and what else the land could be used for. Maybe your property is perfect for growing heirloom tomatoes, or perhaps it's got potential as a hunting lease. These factors can make a big difference in how quickly your land sells and for how much.

Here's the thing about the land market - it's about as stable as a newborn calf. Prices can go up and down faster than you can say "Almost Heaven." This volatility means that selling land often requires a mix of patience, clever marketing, and some smooth talking when it comes to negotiations.

Now, you might be tempted to hold out for top dollar, and that's understandable. But keep in mind that there are companies out there specializing in buying land for cash, often at a discount. While the price might be lower, the speed and simplicity of the sale could be worth it, depending on your situation.

Getting a Handle on Your Property's Value

Roll Up Your Sleeves and Evaluate

First things first - you need to know what you're selling. This means taking a good, hard look at your property:

  1. Dirt Detector: Get your soil tested. The folks over at West Virginia University's Extension Service can help you out with this. Knowing your soil quality can be a big selling point.
  2. Water, Water Everywhere?: Make a list of any water sources on your property. Creeks, ponds, wells - they all add value.
  3. Map It Out: Sketch out a rough map of your land. Where are the flat spots? The slopes? Any weird features that make your property unique?
  4. Building Blocks: Take stock of what's already there. Barns, fences, roads - all these improvements can bump up your asking price.

Bring in the Pros

While you probably have a good idea of what your land's worth, it's smart to get a professional opinion. Look for an appraiser who knows their way around farm properties in West Virginia. They'll give you an unbiased assessment based on recent sales and current market conditions.

Sprucing Up Your Land for Sale

A Little Elbow Grease Goes a Long Way

You might think that land is land, but first impressions matter. Here's what you can do:

  • Clear out any junk or overgrown areas
  • Patch up broken fences or fix any rickety outbuildings
  • Make sure the access road isn't a muddy mess

Paperwork Parade

Get all your ducks in a row by gathering these documents:

  • Property deed
  • Survey maps
  • Tax records
  • Any leases or agreements you've got going
  • Environmental reports (if you've got 'em)

Having all this ready to go can speed things up and show potential buyers you mean business.

Spreading the Word About Your Land

Craft a Listing That Turns Heads

When you're writing up your listing, don't be shy about bragging a little. Include:

  • How many acres you're selling
  • What kind of soil you've got
  • Water sources on the property
  • What's been grown there in the past
  • How close you are to markets or major roads
  • Any other ways the land could be used (timber, hunting, etc.)

Cast a Wide Net

To find potential buyers, try these tactics:

  1. Go Digital: List your property on popular real estate websites and platforms that specialize in land sales.
  2. Old School Still Works: Put ads in local newspapers and farming magazines.
  3. Sign of the Times: Slap a "For Sale" sign on your property, especially if it's visible from busy roads.
  4. Talk It Up: Let local farmers, agricultural groups, and real estate agents know you're selling.
  5. Get Social: Use Facebook and Instagram to show off your land with some nice photos and videos.

Just remember, selling land often takes longer than selling a house. Don't be surprised if your property is on the market for a year or two before you find the right buyer.

Dealing with Offers and Haggling

Be Ready for All Sorts of Offers

You might get different types of offers:

  • Cash offers (often less than asking price, but quick)
  • Traditional bank financing
  • Requests for owner financing
  • Lease-to-own proposals

Each type of offer has its pros and cons. Keep an open mind, but make sure you understand what you're getting into with each one.

The Art of the Deal

When it comes to negotiating:

  • Know your bottom line
  • Think about factors besides price (like how quickly they can close)
  • Be willing to give a little to get what you really want
  • Don't be afraid to come back with a counteroffer

If wheeling and dealing isn't your strong suit, consider bringing in a real estate pro who knows the ins and outs of land sales.

Sealing the Deal

The Waiting Game

Once you've shaken hands on an offer, the buyer will probably want some time to check things out. During this period, they might:

  • Do more soil testing
  • Double-check property lines
  • Look into any potential environmental issues
  • Make sure the zoning works for what they want to do

Be ready to let them poke around your property and answer any questions they come up with.

The Home Stretch

Closing on land can be simpler than closing on a house, but there's still some t's to cross and i's to dot:

  1. Title Check: Make sure there are no surprise liens on your property.
  2. Survey Says: You might need a new survey, especially if it's been a while.
  3. Paperwork Party: Work with a real estate lawyer to get all the necessary documents in order.
  4. Signing Day: Show up to the closing, sign on the dotted line, and hand over the keys (if there are any).

The Fast Track: Selling to Land Buying Companies

If all this sounds like more hassle than you're up for, you might want to think about selling to a land buying company. Outfits like Land Boss specialize in buying land directly from owners, often making the process quicker and easier.

Why Go This Route?

  • Speed Demon: These companies can often close deals much faster than traditional buyers.
  • Keep It Simple: They usually handle most of the paperwork and logistics.
  • Cash Is King: Many of these companies offer all-cash deals, which means no waiting around for banks.
  • As-Is Basis: You might be able to sell your land without having to fix it up first.

Now, these companies might offer less than you'd get on the open market. But the convenience and speed can be worth it, especially if you need to sell quickly or don't want to deal with the hassle of a traditional sale.

Final Thoughts

Selling your piece of Almost Heaven isn't always easy, but with the right approach, you can make it happen. Whether you decide to go the traditional route and market your property far and wide, or opt for a quick sale to a land buying company, the key is knowing your options and picking the path that works best for you.

Keep in mind that the West Virginia land market can be as unpredictable as a spring thunderstorm. It might take some time to find the right buyer at the right price. Stay patient, keep an eye on what's happening in the market, and don't be shy about asking for help when you need it.

With some careful planning and a bit of Mountain State grit, you can turn your West Virginia acreage into a successful sale. Who knows? This could be the start of your next big adventure or a well-earned break from farming life. Good luck!

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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