Posted: Thursday, February 23, 2023
Author: Jesica Hicks, Broker | Licensed in OR
Thinking of listing your ranch, farm, recreation, or luxury property this spring? Here are 5 reasons why now is the right time to do it!
3. An unstable stock market is causing investors to re-think their portfolios, and real estate has historically been a long-term solution. Real estate tends to be a less volatile investment than stocks, and more predictable. When the stock market becomes a roller coaster ride like it has recently, investors are comfortable sitting on real estate holdings until the market stabilizes.
4. The proposed 1031 exchange tax reform by the current administration did not happen in 2023, but experts are unsure if this tax code will be a target for 2024. This makes 2023 a great time to sell if you’re considering this tax deferral program for your income producing property.
While the days of multiple offers, over-list price, and zero days on the market are likely behind us, it’s still a stable market for sellers to take advantage of. Inventory for high-end properties is very low, interest rates are stabilizing, and we are getting ahead of inflation. Contact one of our experienced land brokers today to hear how the market is doing in your area, and how you can get a head start on your competition by listing your property before spring arrives.
About the Author:
Fay Ranches broker, Jesica Hicks, grew up in a rural community in Central Oregon. She started her career in the fashion and apparel industry working in various capacities. In 2014, she joined her father in the real estate industry and since 2017, Team Hicks has represented buyers and sellers in Central and Eastern Oregon on some of the finest ranch, farm, recreational, and luxury properties.