Buying land is a serious investment and one that should be done with full knowledge and due diligence. The most successful land investors understand that they must do their homework before making any decisions and seek trustworthy guidance from a professional. Those who are not prepared or have not done their research will often regret the choices they make. In order to avoid the common pitfalls, those interested in purchasing Indiana land should follow these tips.

Indiana’s thriving land Indiana Land Buyers market features 15 million acres of rural parcels that are actively bought and sold. Farmland, timberland and undeveloped land are in high demand by investors seeking yields ranging from consistent cash flow to long-term capital appreciation.

Recent macroeconomic trends, public-private development investments and resurgent commodity prices have fueled upbeat valuation gains on agricultural lands across the state. Likewise, land positioned for suburban residential construction or commercial speculation generates accelerating gains as developers re-invest in Indiana’s expanding suburban markets.

On the other hand, Indiana’s pristine natural resources and scenic landscapes are in high demand by recreational property buyers. Whether investing in hunting and fishing grounds, water-access sites or scenic vistas, these types of parcels provide attractive rental returns and capital appreciation potential.

The average land sale timeline in Indiana depends on a variety of factors including location attributes, market exposure and property disclosures. Generally speaking, well-priced vacant land in high demand areas of the state sells within 6-12 months. Extensively wooded rural acreage and complex development tracts needing extensive prep work tend to linger longer in the market.

Many Indiana land owners are selling their property because they simply don’t use it anymore – their plans have changed or they live too far away to enjoy the land. Others may have inherited the property and want to get rid of it to avoid paying unnecessary property taxes or obligations. Whatever the reason, it is important to understand best practices for sales timeframes and the transaction process so that you can maximize your sale and pocket your cash proceeds quickly.

A lot of people think that it is easy to sell their property and that they can just list it with a real estate agent and then wait for someone to buy it from them. However, this is not always the case, especially with land because it doesn’t sell the same way that developed lots do.

For example, a Chinese company that wants to set up a grain processing plant in northern Indiana was recently denied access to the area because they are from a country that is considered an adversary. The bill that Indiana lawmakers are trying to pass would prohibit the purchase of land from any foreign person or company that is not a citizen of the United States.

It would also bar foreign nationals from acquiring land that is within 10 miles of an armory or military maintenance facility, or 50 miles of a military base. The bill also bars foreign nationals from purchasing mineral and water rights in Indiana.