“Under all is the land.” That’s the motto of the National Association of REALTORS®. In Oklahoma we’ve got land — lots of it — wide open spaces with big open skies. Surprisingly, it isn’t all flat. We’ve got hills, trees, rivers, creeks, and so many interesting geological features that make the land in Oklahoma so wonderful.
So if you want to buy land and move your family to a ranch or just settle down with a little place in the country on some residential acreage, you have come to the right place — Oklahoma!
Whether you’re buying that perfect site for your future retirement home or investing in cropland, pastureland, or timberland for a stable financial return, land in Oklahoma offers a great place to keep your money safe and watch your investment grow.
If one of your land-buying goals is purchasing a site for your future retirement home, now is a great time to buy, especially if you have lived in your home for five years or more. There is now a tax credit for move-up buyers.
Or perhaps you are an investor doing a 1031 Exchange to defer taxes. You can use a 1031 exchange to acquire land by trading one real estate holding for another while deferring any capital gain taxes until the second asset is sold.
Whatever your motivation in buying land, take advantage of market pressures on home builders to find a well-located lot at a great price.
Moreover, rural land prices are also likely to accelerate as Baby Boomers retire. At least half of Boomers who live in urban areas would prefer to retire to a small town or rural area. Why not make it Oklahoma? Buying the land separately and not building until you are ready to retire also helps keep costs down.
Developers’ financial distress may also help you find bargains on land near the fringes of urban development. You may need deep pockets to buy and hold these properties, but the upside may be tremendous.
If you want low volatility and reliable cash flow, you may want to concentrate on purchasing farm land. Diversifying your investments through the acquisition of land holdings is a wise choice for your hard-earned retirement portfolio.
Find the property that fits your individual goals by working with someone knowledgeable and experienced who specializes in land and residential acreage, including farms and ranches.
You’ve come to the right place — Oklahoma. Now let’s go find some land!
Tags: 1031 exchanges, Buying land in Oklahoma, land for sale in Oklahoma, Oklahoma farm and ranch properties for sale, residential acreage