IS NOW A GOOD TIME TO SELL MY LAND?
In this constantly challenging and ever-changing world, is now the right time to sell your land?
There seems no end to the doom and gloom. Everything from world-war three to whether we will survive winter due to power outages. Therefore, is it any wonder that we are all taking another look at our assets and giving them an appraising eye?
Whether you have been sitting on some land for years as an investment, have inherited some developable land, or even just grown tired of doing all that gardening. Now, maybe the perfect time to sell.
Why Sell Your Land?
Basically, there are only a few reasons to sell your land but all are valid regardless of the current financial climate. Live long enough and you will see there is always something on the news to be concerned about. However, let’s just stick to you right now, and consider your options and why you might want to sell.
Firstly, a change of personal circumstances. This might mean you have reached a new phase in your life. For instance, it is time to retire, you are getting divorced, or someone close to you has died. Now you need to relocate to be nearer to family, friends or your dream job. Or you’re an empty nester that doesn’t want to clean a four-bedroom house anymore. There are many life changes that can trigger a rethink. All are valid and worth examining.
Including economically. Whether that is because of a downturn in the economy at large or because your own budget needs a top-up. You could be sitting on an asset that could release tens or hundreds of thousands of pounds. Imagine all of the many ways you could use that money to buy financial freedom for yourself or your family. There is no doubt that real hard cash will give you a nest egg that will give you peace of mind.
The problem with land as an asset
Land requires some degree of maintenance or management and it is not what’s called a liquid asset.
Likewise, it will take time to sell. Furthermore, without planning permission in place you may not realize the full value of your asset. But planning permissions can be costly and take time. Also, there is no guarantee of it being granted. That is why it is important to get the right people, like The Windley Group, on board and working with you to get a deal done turning your illiquid asset into liquid cash!
According to Business Insider
“Liquidity is really a gauge of how much access an individual or business has to cash. The easier an asset — be it an investment, a collectable, or even a precious metal stored in a safe somewhere — can be “liquefied” for its cash value, the higher its liquidity.
Conversely, illiquid assets are those that cannot be easily converted to cash. They may take a while to sell or lack a bustling market full of potential buyers. The point is, it’ll be tough to turn these types of assets into fast cash”
Why do you need Liquid Assets? Should you sell your land?
So, is it a good time to sell your land? That takes us back to why you might want to sell. Frankly, it’s all about the ability to make choices and make them right now.
Money in your bank account means you can take that once-in-a-lifetime holiday, help the kids out with their first mortgage, take early retirement, or go part-time. Importantly, it means you can make choices and carry them out now!
In truth, no one knows what the future might bring. What I can assure you of right now, is The Windley Group are getting deals done for someone like you today. In fact, no matter the size or location, please contact us at 01392 982537, we would be pleased to chat with you.
Our company is in the business of purchasing land, securing planning permissions, and constructing houses of the finest quality in locations that people wish to call home. Our team has great knowledge in a wide range of fields, including land, design, building, and construction. We are the ideal experts to take your site, no matter how big or how small, all the way through to the most satisfying end possible for our partners – you the landowners. So, if you want to talk about selling your land get in touch today.
Plus we purchase all kinds of land:
- Gardens
- Agricultural land
- Brownfield land
- Planning and appeals rejections
- Business and industrial buildings
- Unoccupied and occupied property
- Contaminated sites
- Derelict buildings
- Petrol stations
- Pubs
- Problematic development sites
Need proof the land is yours?
Do you think you might have trouble proving this land is yours? Contact the Land Registry to get a copy of your deed for only £3.
In Conclusion :
Take a look at our infographic and you’ll see just how smoothly the process of selling your land can be then get in touch. We look forward to hearing from you.
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