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It is a fact of life that a property’s value depends, in a very large part, on the factors that exist outside of the actual property itself. If a property is in the vicinity of a good school, local amenities, or is situated in a good neighborhood surrounded by well-kept lawns, then its value will always be higher. But what if there are no streets, no other lawns, only one school, and one shop? We are of course talking here about rural properties. It’s clear that such properties obey slightly different rules when it comes to the myriad factors that can affect a home’s value and asking price.
Of course, when it comes to selling a rural property, there is still much about the process that does not change. A property’s condition is still one of the biggest factors influencing value, and you will still have to undergo an appraisal with a real estate brokerage and conduct viewings. Selling a rural property comes with its own set of tips and tricks that can make the process easier – as well as its own set of pitfalls and challenges that can make it a bit harder.
Enlist the Professionals
One thing that certainly doesn’t change though is the value of a good realtor when it’s time to get your home on the market for the best possible price. These professionals aid with preparing your house to give it the best chance of a successful sale say CityHome Collective, a real estate brokerage out of Salt Lake City.
It Takes Longer
There is one fact about selling a rural property that perhaps constitutes the most fundamental difference compared with city properties – it takes longer. This is simply because there are less buyers out there as they are more geographically dispersed. Buyers may have to travel a long way to visit.
There is also the eternal fact that rural properties simply appeal to a smaller number of people than city properties. This is not because they are not attractive properties or rural living does not offer its charms, but simply because rural living is just not appropriate for a lot of potential buyers. Those with children in need of a good school, for example, are unlikely to be seeking rural properties. Similarly, anyone with a job in a large population center (which most people do) will not be looking for a rural property. This is unfortunately a fact of life when it comes to the rural property market.
Top Tips
Nevertheless, rural properties have their own distinct appeal, and the trick is to exploit this to its fullest extent. Here are a handful of tips, curtesy of the above mentioned CityHome Collective.
Make Sure the Property Shows Well
In the rural context, this means clearing and tidying up access to the property over quite a large area. Make sure any nearby trails are clear and the approach to the property is in good shape.
Appreciate the Diversity
Whereas a new housing project will have many houses of the same kind, rural properties are typically much more unique. Be sure to enlist the help of a professional who understands this.
Prioritize Online Exposure
Naturally, you cannot just put up a For Sale sign – no one will see it! You cannot rely on city exposure in a rural area, and so, naturally, online advertising has to pick up the slack.
Ultimately, there is no substitute for experience when it comes to the diverse forms that rural properties and locations can take. Keep this in mind above all else, and you should get along fine.