Tips for Selling New Hampshire Land in a Flood Zone

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Tips for Selling New Hampshire Land in a Flood Zone
By

Bart Waldon

Let's face it - selling land can be tough. Throw in the added challenge of a flood zone, and you've got yourself a real pickle. But don't worry, we're here to help you navigate these choppy waters.

New Hampshire, with its stunning landscapes and outdoor charm, is no stranger to flooding. In fact, about 8.2% of the state is classified as flood-prone. That's over 35,000 structures and 90,000 residents potentially affected. And for all you farmers out there, heads up - nearly 15% of New Hampshire farmland sits in flood-prone areas. Yikes!

So, you've got a piece of the Granite State that's a bit too fond of water. What now? Let's dive in (last water pun, I promise) and explore how to turn your flood-prone property into an attractive opportunity for the right buyer.

Know Your Zone

First things first - what kind of flood zone are we talking about here? FEMA's got a whole alphabet soup of classifications:

  • Zone A: The high-risk crowd. 1% annual chance of flooding.
  • Zone AE: Same as A, but with more nitty-gritty elevation details.
  • Zone X: The "not as bad" zones. Moderate to low risk.

Knowing your zone is like knowing your zodiac sign, except it actually matters. It'll shape how buyers see your property and what hoops they'll need to jump through.

What's It Worth?

Pricing flood-prone land is tricky. It's not exactly apples-to-apples with your neighbor's high-and-dry plot. Here's how to get a ballpark figure:

  1. Chat up the locals: Find a realtor who knows their stuff about New Hampshire land. They've seen it all and can give you the inside scoop.
  2. Snoop on recent sales: What are other soggy properties going for? It'll give you a reality check on pricing.
  3. Do the flood insurance math: Buyers will need to factor this in, so you should too.
  4. Think outside the box: Sometimes, flood-prone land is a goldmine for the right buyer. Conservation groups, outdoor enthusiasts, or farmers might see potential where others see puddles.

Lipstick on a Pig? Nah, More Like Galoshes on a Duck

Your land might be prone to flooding, but that doesn't mean it can't shine. Here's how to make it strut its stuff:

  1. Flood-proof it (as much as you can): Good drainage, natural barriers, maybe even elevate some areas. Show buyers you're not just sitting around waiting for the next rainstorm.
  2. Flaunt what you've got: Water access for kayaking? Fertile soil for farming? Killer views? Play up the positives.
  3. Paperwork is your friend: Gather all those boring (but important) documents. Flood certs, surveys, the works. It'll make buyers feel all warm and fuzzy inside.

Selling It: The Art of the Deal

Now for the fun part - finding someone who wants to buy your waterlogged wonderland.

  1. Honesty is the best policy: Be upfront about the flood risk. No one likes surprises, especially the wet kind.
  2. Know your audience: Tree-huggers, farmers, adventurous developers - figure out who might actually want flood-prone land and target them.
  3. Get with the times: Use online platforms, social media, the works. But don't just post and ghost - engage with potential buyers.
  4. Show, don't just tell: Host site visits. Let people see the land in all its glory (and maybe bring some rubber boots, just in case).

The Legal Mumbo Jumbo

Selling flood-prone land comes with its own set of legal quirks:

  1. Disclose, disclose, disclose: In NH, you've gotta spill the beans about known issues. Better safe than sorry (and sued).
  2. Zone out on zoning: Know how the flood zone status might limit land use. Buyers will want to know what they can and can't do.
  3. Lawyer up (maybe): If things get complicated, having a good attorney in your corner can be a lifesaver.

Show Me the Money: Pricing It Right

Pricing flood-prone land is more art than science:

  1. Keep it real: Your land might not fetch top dollar. Setting a realistic price from the get-go can save you headaches later.
  2. Read the room: Is it a hot market or a cold one? Adjust accordingly.
  3. Flex those negotiation muscles: Be ready to haggle. Maybe throw in some floaties as a closing gift? (Kidding, mostly.)

Plan B (and C and D)

If traditional selling is getting you nowhere fast, don't despair. There are always options:

  1. Go green: Conservation groups might be interested in your land for environmental reasons.
  2. Auction it off: Create some excitement and urgency around your property.
  3. Cash in quick: Companies like Land Boss specialize in buying land, even the challenging stuff. It might mean a lower price, but it's quick and painless.

Final Thoughts

Selling flood-prone land in New Hampshire isn't for the faint of heart. It takes patience, creativity, and maybe a sense of humor. But with the right approach, you can find a buyer who sees the potential in your property.

Remember, whether you're tackling this solo, teaming up with a pro, or looking at alternative options like Land Boss, knowledge is power. Stay informed, stay flexible, and who knows? You might just make a splash in the New Hampshire real estate market.

And hey, if all else fails, maybe it's time to invest in a really nice boat?

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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