selling land...?

yellowjacket · 10-16-2011, 07:43 PM

anyone know whats involved in selling / subdividing land?

i have 15 acres and kickin the idea of selling( trying) about an acre. its up by the road, and on a corner of our land so it wouldent be too bad i guess.
i know id have to have it surveyed, and i guess a seperate title/deed...?.. thats the extent of my knowledge....
i know its not the best time to be sellin land, and im sure what it will bring is a lot less than what it may be worth. it does lay nice,kinda rolling hill topography ect...

i also dont know what id be taxed on if i sold it...cause weve owned all 15 acres for five years, and obviously price would be for considerable more than 1/15th what we paid for entire package...so idk how that works...6% sales tax, penaltys?

land is 100% paid off free and clear so maybe that might make transaction less hassle..

obviously im not thrilled about sellin it but wasent thrilled about puttin buggy up either but life happens, right?

anyone ever done this and have words of advice?

Sent from my LS670 using Tapatalk

10-16-2011, 07:43 PM	#1
yellowjacket barely breathing Join Date: Mar 2008 Location: alexandria, ky Posts: 889	selling land...? anyone know whats involved in selling / subdividing land? i have 15 acres and kickin the idea of selling( trying) about an acre. its up by the road, and on a corner of our land so it wouldent be too bad i guess. i know id have to have it surveyed, and i guess a seperate title/deed...?.. thats the extent of my knowledge.... i know its not the best time to be sellin land, and im sure what it will bring is a lot less than what it may be worth. it does lay nice,kinda rolling hill topography ect... i also dont know what id be taxed on if i sold it...cause weve owned all 15 acres for five years, and obviously price would be for considerable more than 1/15th what we paid for entire package...so idk how that works...6% sales tax, penaltys? land is 100% paid off free and clear so maybe that might make transaction less hassle.. obviously im not thrilled about sellin it but wasent thrilled about puttin buggy up either but life happens, right? anyone ever done this and have words of advice? Sent from my LS670 using Tapatalk __________________ my next rig will be on the trail before zuk 2.0 will Last edited by yellowjacket; 10-16-2011 at 07:54 PM.

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