So, why go through the effort of splitting land when you could just sell the original parcel? Because subdivision creates value. It’s a fundamental principle of real estate: smaller, more manageable lots often command a higher price per acre than a large, undivided parcel.

Consider this example: Imagine you purchase a 10-acre parcel of raw land for $150,000. If that land is properly zoned and suitable for a minor subdivision, you might be able to split it into four 2.5-acre lots. Even if each of those smaller lots sells for $60,000 individually, you’ve just turned a $150,000 investment into $240,000 in gross revenue, before accounting for your subdivision costs. This demonstrates how subdividing can significantly increase the total market value of your land. 

Studies suggest that land development projects, when managed efficiently, can yield profit margins ranging from 10% to 30%, with some experts aiming for a “sweet spot” of 16-20% net return on development cost. 

You’re right to highlight that minor subdivisions aim to simplify the process. The distinction is crucial: while a minor subdivision is technically a ‘land development project‘ because it creates new, more valuable parcels, it deliberately bypasses the extensive infrastructure construction and multi-year timelines associated with major developments. 

The ‘development stuff’ you might be thinking of – massive road networks, new utility plants, sprawling housing projects – is typically reserved for major subdivisions. Minor subdivisions focus on efficiently dividing existing parcels, leveraging current infrastructure or requiring only minimal additions, making them a far less complex undertaking. These attractive profit margins apply to this streamlined form of land development as well.

Beyond just the direct sale, subdivision creates multiple exit strategies. You could:

• Sell all the newly created lots to individual buyers or builders.
• Sell a few lots to recoup your initial investment and hold onto the remaining ones for future appreciation.
• Build custom homes on one or more of the lots yourself, further increasing profit.

Utilize tax advantages related to land development and potentially benefit from increased equity in your assets as the market value of your subdivided parcels grows.

Despite the potential drawbacks, HOAs offer several compelling benefits that can enhance your custom home living experience.

A. Maintained Aesthetics and Property Value Protection

One of the biggest pluses of an HOA is how it helps keep the community looking good. HOA rules often help maintain consistent landscaping and architectural standards, as well as the general upkeep of properties. This not only makes the neighborhood more appealing but can also help your custom home hold onto its value better or even increase it, thanks to the community’s consistent and attractive appearance. Imagine driving through two neighborhoods. 

• • One has no HOA, and you see homes with overgrown lawns, peeling paint, mismatched fences, and cars parked on lawns. The other is an HOA community where all lawns are manicured, homes have a consistent look, and common areas are pristine. Most buyers would find the HOA community more appealing, and this consistent upkeep directly contributes to higher property values. A house in a well-maintained HOA community often sells for a higher price than an identical house in a less regulated neighborhood.

B. Access to Amenities and Community Lifestyle

Many HOAs provide a wealth of amenities that would be too expensive for individual homeowners to install or maintain on their own. These can include swimming pools, fitness centers, clubhouses, parks, sports courts, and walking trails. Having access to these facilities makes your life richer and can help build a strong sense of community through organized events and shared spaces. 

• • For instance, a family with young children might choose an HOA community specifically for the large, fenced playground, a sparkling community pool, and organized summer activities for kids. A fitness enthusiast might appreciate the on-site gym, saving them money on a separate gym membership. Retirees might enjoy a community clubhouse that hosts regular social gatherings, book clubs, or game nights, fostering connections with neighbors.

C. Infrastructure and Shared Services

HOAs often take care of important services that make daily life easier. This might include snow removal, trash collection, and even basic landscaping for common areas, freeing up your time and reducing your individual responsibilities for these tasks. 

• • During a heavy winter, for example, residents in an HOA community woke up to cleared roads and sidewalks thanks to the HOA’s contracted snow removal service. Their neighbors in a non-HOA area, however, had to shovel their own driveways and navigate unplowed streets. Similarly, in many subdivisions, the HOA handles trash and recycling pick-up, sometimes even having larger, consolidated bins, simplifying waste management for homeowners.

D. Potential for Enhanced Security

For those who prioritize safety, some HOAs offer extra security measures. This can range from gated entrances with controlled access to dedicated security patrols, giving residents a greater sense of safety and peace of mind.

A gated community with a 24/7 security guard controlling access at the main entrance provides a tangible sense of security for residents. They know that only authorized vehicles and guests can enter, significantly reducing random traffic and potential crime. Some HOAs also invest in community-wide surveillance cameras in common areas, well-lit streets, or even neighborhood watch programs facilitated by the HOA, all contributing to a safer environment.

E. Dispute Resolution Framework

While conflicts can happen, HOAs also provide a clear way to handle disagreements between neighbors and to make sure community rules are followed. Instead of having to personally confront a neighbor about a rule that’s been broken, you can go to the HOA board to address the issue. 

• • Consider a homeowner who was frustrated because their neighbor’s tree branches were significantly overhanging into their yard, dropping leaves and debris. Instead of engaging in a direct, potentially uncomfortable confrontation, they reported the issue to the HOA. The HOA then reviewed their landscaping rules (which often cover tree trimming), contacted the offending neighbor, and facilitated a resolution, saving the homeowners from a potentially escalating personal dispute.

While the federal government largely allows foreign land ownership, understanding the nuances of U.S. law is paramount for a smooth transaction.

A. No Federal Restrictions (Generally)

As reiterated, there isn’t an overarching federal prohibition on non-US citizens owning land. This broad allowance is a cornerstone of the U.S. real estate market’s appeal to international investors.

B. State Laws and Regulations: Know Before You Buy

This is where due diligence becomes critical. While federal restrictions are minimal, individual states have the authority to enact their own real estate laws. For instance:

• • Reporting Requirements & Restrictions – Some states, like Florida and Texas, have recently introduced or strengthened laws requiring foreign entities or individuals from specific countries to report their agricultural land holdings or even restrict ownership in certain sensitive areas. As of February 2025, 24 states restricted foreign ownership of agricultural land in some way [Source: National Agricultural Law Center, “Foreign Ownership of Land: Legislative Review”. These laws are often driven by national security or food security concerns.
    
    
  • Specific Land Types – While rare, some states might have highly localized restrictions on certain types of land (e.g., land near military bases or critical infrastructure).

Key Takeaway: It is absolutely essential to research the specific laws of the state where you intend to purchase land. Navigating these state-level nuances is complex, and it’s a non-negotiable step to ensure compliance. That’s why engaging with a specialized partner like Acrewell is invaluable – we can help you understand these specific state requirements and connect you with the right legal expertise in your target location.

C. Foreign Investment in Real Property Tax Act (FIRPTA): A Seller’s Consideration, A Buyer’s Awareness

FIRPTA is a crucial piece of legislation to understand, primarily impacting non-resident alien sellers of U.S. real property. When a non-resident alien sells U.S. real property, FIRPTA generally requires the buyer (or their closing agent) to withhold a percentage (typically 15%) of the sales price and remit it to the IRS [Source: IRS.gov, “FIRPTA Withholding“].

Why should a buyer be aware of FIRPTA? While you are the buyer, the responsibility to withhold often falls on you if the seller is a foreign person. An experienced closing agent or attorney will handle this, but understanding it ensures a smooth process and prevents unexpected liabilities.

D. Anti-Money Laundering (AML) Regulations

Real estate transactions, especially high-value ones, are subject to stringent anti-money laundering (AML) laws designed to prevent illicit financial activities. Financial institutions and real estate professionals must report suspicious transactions. 

Notably, effective December 1, 2025, FinCEN (Financial Crimes Enforcement Network) will implement new nationwide regulations requiring certain real estate professionals to report non-financed (all-cash) transfers of residential real estate to legal entities or trusts [Source: FinCEN, “Anti-Money Laundering Regulations for Residential Real Estate Transfers“]. This means you should expect transparency and be prepared to provide clear documentation of your funds’ origins.

E. Treaties and Agreements

While less common for direct land purchases, some treaties between the U.S. and other countries may offer specific provisions regarding investment and property rights. Your legal counsel can advise if any such agreements are relevant to your situation.

The presence of wetlands on a property can influence its value in various ways, depending on factors such as location, regulatory constraints, and potential uses. Here’s an overview of how wetlands can impact property value:

1. Development Restrictions and Property Value Reduction

Wetlands are often subject to stringent federal, state, and local regulations aimed at preserving their ecological functions. These regulations can limit development opportunities, potentially reducing property values. For instance, a study examining residential properties in Newton, Massachusetts, found that properties containing wetlands experienced a 4% decrease in value compared to similar properties without wetlands / non-regulated properties.

2. Mitigation Banking and Value Enhancement

Conversely, wetlands can add value through mitigation banking, where property owners restore or preserve wetlands and sell credits to developers needing to offset environmental impacts elsewhere. The value of these credits varies significantly based on location and demand. In North Carolina, for example, the average wetland credit cost is approximately $60,000 per credit, with coastal wetland mitigation costs reaching up to $560,000 per acre. (Source: Swamp School)

3. Aesthetic and Recreational Benefits

Properties adjacent to well-maintained wetlands can offer aesthetic and recreational advantages, potentially enhancing property values. Features like constructed wetlands or ponds designed for urban runoff control can create appealing natural settings, attracting buyers interested in scenic beauty and recreational opportunities. For example, developments incorporating aesthetically designed wet ponds have been marketed successfully as natural lakes, enhancing the value of surrounding properties. (Source: InterNACHI)

4. Safety Concerns and Potential Value Decrease

However, if wetlands or associated water features pose safety risks, such as deep retention ponds without proper safeguards, they can negatively affect property values. Safety concerns may deter potential buyers, leading to a decrease in property desirability and market value. (Source: InterNACHI)

The impact of wetlands on property value is multifaceted, with potential for both value reduction due to development restrictions and value enhancement through mitigation banking and aesthetic appeal. Property owners should conduct thorough assessments, considering regulatory constraints, market demand for wetland credits, and the potential to enhance aesthetic and recreational features to determine the net effect on property value.

Beyond traditional methods, several emerging strategies are capitalizing on evolving trends and offering exciting new income opportunities.

1. RV or Tiny Home Parking

How it works: Rent space for tiny homes or RVs.

Why it works: The tiny home and RV lifestyle is experiencing a surge in popularity, creating a demand for affordable and flexible housing options (United Tiny Homes). This trend is driven by factors such as rising housing costs, a desire for simpler living, and increased mobility. Renting out space for tiny homes or RVs can be particularly lucrative in areas with high housing costs or limited availability of traditional housing. 

Rental prices for RV and tiny home parking vary widely based on location, amenities, and duration of stay. Basic parking spots without hookups might range from $50-$150+ per month or $10-$30+ per night, while sites with full hookups (water, electricity, sewer) could command $200-$500+ monthly or $30-$75+ nightly. Tiny home parking, often involving longer-term leases and potentially including utilities, can range from $300-$1000+ per month. Providing basic amenities like water and electricity can further enhance the appeal of your property and justify higher rental rates.

2. Event Venue

How it works: Host weddings, festivals, or retreats.

Why it works: The demand for unique outdoor event venues is on the rise, creating opportunities for landowners with scenic properties. Couples, organizations, and event planners are increasingly seeking alternatives to traditional indoor venues, driving the growth of the outdoor event industry. 

Basic rental fees can start at around $3,000 for smaller, more intimate venues but can rise to $10,000 or more for larger spaces with more amenities. While income potential varies depending on the size and type of events, hosting weddings, festivals, or corporate retreats can generate substantial revenue. Investing in basic infrastructure like restrooms, parking, and event spaces can enhance the appeal of your venue and attract a wider range of events. Marketing and event management skills are essential for success in this area. Researching local market rates, understanding your costs (insurance, maintenance, permits), and developing clear pricing packages are crucial for maximizing profitability.   

3. Campground or Glamping Site

How it works: Create a rustic or luxury camping experience.

Why it works: Glamping combines nature with comfort, attracting urbanites. The outdoor recreation industry is booming, with more people seeking opportunities to connect with nature. Glamping, in particular, caters to a segment of the population seeking a comfortable and luxurious camping experience. 

This trend is fueled by a desire for convenient access to nature without sacrificing modern amenities. Rustic tent sites might generate $10-$50 per night, while more developed campsites with hookups could range from $30-$100+. Glamping accommodations, offering more comfort and amenities, can command significantly higher prices, from $100-$500+ per night for yurts, cabins, or luxury tents, and even upwards of $500+ for unique or high-end options like treehouses or geodesic domes. Occupancy rates also play a crucial role in overall revenue. Offering a variety of accommodation options, from rustic tent sites to luxurious glamping tents, can cater to a wider range of budgets and preferences.

4. Storage Space

How it works: Offer land for storage of boats, RVs, or equipment.

Why it works: The demand for storage space is consistently high, driven by factors such as increasing consumerism, downsizing trends, and the growing popularity of recreational vehicles. It is driven by factors such as increasing consumerism, downsizing trends, and the growing popularity of recreational vehicles. 

Potential income from land storage varies significantly based on several factors: location (urban vs. rural), size and type of storage units (covered vs. uncovered, size), security features, and local market demand. For example, uncovered boat or RV storage might range from $50-$200+ per month, while covered or enclosed storage units could command $100-$500+ or even more, depending on size and features. Specialized storage for large equipment or vehicles might have even higher price points. Occupancy rates are also crucial for profitability.

Offering storage for boats, RVs, equipment, or other items can be a low-maintenance, high-demand business. This strategy is particularly attractive for landowners with large tracts of land in convenient locations. Providing secure and accessible storage facilities can attract customers and justify higher rental rates. The relatively low overhead costs can make this a profitable venture.   

5. Beekeeping or Niche Farming

How it works: Partner with local businesses for specialty agriculture.

Why it works: The growing interest in locally sourced and specialty foods has created opportunities for niche farming and beekeeping. Products like honey, lavender, organic produce, or other specialty crops often command higher market prices than traditional agricultural products. 

Potential income from beekeeping or niche farming is highly variable and depends on factors like the specific crop or product, yield, market demand, and sales channels. For example, honey production can generate income through direct sales at farmers’ markets (where a jar might fetch $10-$20), online sales, or wholesale partnerships with retailers. This strategy requires some specialized knowledge and potentially a partnership with experienced farmers or beekeepers. However, the potential for high profit margins can make it a worthwhile endeavor. Direct-to-consumer sales or partnerships with local restaurants and retailers can further enhance profitability (Farm Raise).

1. Total Customization

Imagine walking into a home where every detail—from the layout to the light fixtures—reflects your personality and lifestyle. Building from scratch allows you to create a space tailored to your unique needs.

• • In 2023, 71.5% of the single-family homes started were built-for-sale, and 9.7% were built-for-rent and the remaining 18.9% was from individuals and families building a custom home of their own, according to data from the Census Bureau’s Survey of Construction (SOC).
    
    
  • Features like open-concept layouts, home offices, and energy-efficient systems are among the most popular customizations, with 89% of buyers prioritizing these elements (NAHB Design Trends)

Why  it matters:  Customization isn’t just about aesthetics—it’s about functionality. This level of control extends to every detail, from the floor plan and room sizes to the materials, finishes, and even the placement of windows to maximize natural light.  Want a gourmet kitchen? A dedicated home office? A luxurious master suite? With a custom build, the possibilities are virtually endless.

2. Location Freedom

Building on raw land gives you the freedom to choose the perfect location for your dream home.  Whether you envision a peaceful rural retreat, a vibrant suburban neighborhood, or a lot within a specific school district, the choice is yours.  This location freedom is a significant advantage for those seeking a particular lifestyle or proximity to specific amenities.  

• • The National Association of Home Builders (NAHB) reports a growing preference for suburban living, with demand for housing in these areas increasing by 20% in the past decade.

• • According to recent USDA data, rural land purchases, specifically agricultural land values, have been steadily increasing, with a 5% rise in 2024.
  • Since 2019, rural areas have consistently increased in population, which is in line with the rise of remote work. Why are remote workers choosing to move to rural areas? One reason is commute time and cost; per Owl Labs, employees’ work-related costs see a roughly 50% reduction when they transition to remote work.

Why it matters: Location impacts everything from daily commutes to quality of life. Building on land lets you choose a setting that enhances your well-being and aligns with your long-term goals.

3. Long-Term Investment

Custom homes aren’t just a place to live—they’re a smart financial investment. While the initial investment for building can be higher, a well-built custom home often has strong appreciation potential, especially if the land is in a desirable and growing area. New construction homes often appreciate faster than older homes in the market.

• • Realtor.com’s 2023 Housing Trends Report notes that new homes sell faster, spending 7–10 fewer days on the market than older homes.
    
    
  • In the same 2023 analysis by Realtor.com,  homes built after 2010 sold 15% higher than older homes in the same market (Realtor.com New Construction Trends).

Why it matters: Building a home allows you to incorporate modern features, updated building codes, and energy-efficient technologies that are attractive to buyers.  Furthermore, as you pay down your mortgage, you build equity in your home, increasing your net worth over time.

4. No Renovation Hassles

One of the significant advantages of building new is avoiding the headaches and costs associated with renovating an older home.  No dealing with outdated plumbing, unexpected structural issues, or the endless cycle of repairs and upgrades.  Everything is brand new, built to your specifications, and under warranty. 

• • The average cost to remodel your whole house is between an average of $10 – $60 per square foot. So on the low end, a 2,500-square-foot home costs at a minimum about $25,000 to remodel. This includes improvements like painting, landscaping, and updating the trim and flooring.
    
    
  • A 2023 HomeAdvisor survey found that 30% of homeowners regretted buying an older home due to unexpected repair costs (HomeAdvisor Remodeling Guide).

Why it matters: Building new means everything—from the roof to the plumbing—is brand new and under warranty. This can save you both time and money in the long run, and it provides peace of mind knowing that your home is structurally sound and up-to-date.

5. Energy Efficiency

When building a custom home, you have the opportunity to incorporate modern, energy-efficient materials and technologies from the start.  This can lead to significant savings on utility bills and a smaller environmental footprint.

• • Home buyers are looking to incorporate home technologies that increase the long-term value of their house while also providing convenience, safety and comfort.In fact, NAHB research shows that most home buyers want an energy-efficient home and are willing to pay more for it.
    
  • ENERGY STAR-certified homes use 15–20% less energy than standard homes. By incorporating technologies that help make homes more efficient, ENERGY STAR estimates that home owners can save $200 to $400 annually on their energy bills.

Why it matters: Energy-efficient homes aren’t just good for the planet, they’re good for your wallet. Lower utility bills and potential tax incentives make them a smart choice for the long term. From high-efficiency insulation and windows to solar panels and smart home systems, you can create a home that is both comfortable and environmentally responsible.

To make informed decisions in the farmland market, it’s essential to have access to relevant data. Here are some key statistics to consider:

1. Average Farmland Prices – The average price of farmland in North Carolina in 2024 is $5,101 per acre, with values ranging from $8400 in high-value areas to lower prices in other regions. This represents a 7% increase from 2023 and continues a steady upward trend since 2020. This data, from the USDA’s 2024 Land Values, indicates a strong and growing market for North Carolina farmland.

2. Average Residential Land Prices – In North Carolina, farmland values average $5,150 per acre, according to USDA reports. In contrast, residential land prices vary significantly, often averaging $45,000 per acre or more in suburban and high-demand areas. In rapidly growing regions like Wake County, residential land can exceed $100,000 per acre, especially near major highways and urban centers. This price gap highlights why many landowners choose to sell farmland for residential development, as rezoning and infrastructure improvements can multiply land values.

3. Trends in Farmland Values –  The estimated market value of land and buildings in North Carolina has seen a significant increase. The average per acre value in 2022 was $5,482, compared to $4,642 in 2017, representing an 18.1% rise. This substantial growth in farmland value highlights the increasing demand and potential for appreciation in this market. Farmland values have been steadily increasing in North Carolina, driven by factors like residential demand, population growth, and the increasing value of agricultural products. This trend is likely to continue, making farmland a potentially attractive investment.

4. Declining Number of Farms:. In 2022, North Carolina had 42,814 farms, a decrease of almost 8 percent from 2017, and 8.1 million acres of farmland, a decrease of almost 4 percent from 2017. In 2022, North Carolina ranked 8th in the U.S. in the value of agricultural products sold, with $18.7 billion.

5. Farm Operations by Ownership Type –  The Census of Agriculture calculates farm ownership by the farm’s legal status for tax purposes. The majority of farm operations in North Carolina are run by families or individuals (83.5%), followed by corporations (8.9%) and partnerships (6.4%). Other types of ownership, such as estates, trusts, and institutions, make up the remaining 1.2%. This data underscores the significant role family farms play in the state’s agricultural landscape.

6. Farm Size – While there’s a wide range of farm sizes in North Carolina, the majority of farms (47.9%) are small, with 1-49 acres. However, larger farms (1,000+ acres) control a significant portion (44.7%) of the total farmland acreage. This indicates a diverse agricultural landscape with both small family farms and larger commercial operations.

7. Age of Principal Operators – The average age of principal farm operators in North Carolina is 58.1 years old, with the largest percentage of operators falling in the 55-64 age group (27.2%). This data suggests a potential transition in farm ownership in the coming years as older farmers retire, creating opportunities for new farmers and investors.

The bottom line for land buyers is often: How does the soil affect my development plans and the value of my investment?

The answer lies in understanding how soil characteristics impact the feasibility and cost of installing a septic system, a crucial component for most residential and many commercial land uses. The characteristics of your soil can significantly impact the feasibility, cost, and functionality of your septic system, which in turn affects the overall value of your land and the success of your development plans.

1. Soil Conditions Required

To support a properly functioning septic system, your soil needs to meet certain criteria:

• Soil Type and Texture – The type of soil determines the type of septic system you can install and how well it will function. This is because different soil types have varying abilities to drain and filter wastewater. For example, sandy soils drain too quickly, potentially allowing contaminants to reach groundwater, while clay soils drain too slowly, leading to system backups. The ideal soil is loam, which offers a balance of drainage and filtration.
  
  
• Soil Depth – Adequate soil depth is essential for accommodating the septic system’s components, particularly the drainfield. The drainfield needs sufficient depth to allow for proper treatment and dispersal of wastewater, preventing contamination of groundwater and ensuring long-term system performance. Shallow bedrock or a high water table can limit the available depth and necessitate alternative septic system designs, which can be more expensive.
  
  
• Soil Drainage – Good drainage is crucial for preventing backups and ensuring the proper function of the septic system. Poorly drained soil can lead to system failure, requiring costly repairs and potentially posing health and environmental hazards.

2. Understanding the Financial Implications of Soil on Land Value

The quality of your soil can have a significant financial impact on your land investment. Here’s how:

A. Unsuitable Soil = Higher Costs & Lower Value – If your soil has poor drainage (like clay soil) or drains too quickly (like sandy soil), you may face:

• • Increased installation costs – Needing a more complex septic system, such as a mound system or an aerobic treatment unit (ATU), can add tens of thousands of dollars to your initial expenses.
    
  • Higher maintenance costs – Systems in unsuitable soils are more prone to failure, leading to expensive repairs and potential fines for environmental violations.
    
  • Limited development potential – You may be restricted in the size and type of structures you can build, potentially impacting your long-term plans for the property.
    
  • Decreased property value – Properties with significant septic limitations are less desirable, potentially reducing their resale value.

B. Suitable Soil = Increased Value & Flexibility – Land with well-drained, loamy soil offers:

• • Lower installation costs – A conventional septic system is typically sufficient, saving you thousands of dollars upfront.
    
  • Greater development flexibility – You have more options for building and expanding on your property.
    
  • Increased property value – Land with good soil for septic systems is more desirable and can command a higher price.

By carefully assessing soil characteristics and their implications for septic systems, you can avoid costly mistakes, maximize development potential, and enhance the value of your land investment.

Before you dive headfirst into property listings, let’s get a lay of the land (pun intended!). The Person County land market is currently experiencing steady growth, with increasing demand for rural properties and larger acreage. This demand is influenced, in part, by the county’s proximity to the thriving Research Triangle Park (RTP) region.

Being just a short drive from Raleigh and Durham, with their booming economies and diverse job markets, makes Person County a desirable location for those seeking a balance of rural living and urban access. This desirability has a direct impact on land prices, as buyers are willing to pay a premium for properties that offer both tranquility and convenience.

In 2022, the median home value in Person County was $173,200, significantly lower than the national average of $281,900. However, the county’s property values have been climbing, with a notable 17.9% increase from $146,900 in 2021. The homeownership rate here stands at 77.6%, well above the national average of 64.8%, reflecting its appeal as a place to settle down. (Source: Data USA)

Exploring Land Prices

If you’re considering land ownership in Person County, understanding the current market trends will help you make a more informed decision. Here’s a closer look at land prices across different areas of the county, based on properties sold in the last 12 months.

For smaller lots, typically up to 1 acre, you can expect a median price of around $25,000 throughout the county. If you’re leaning towards a rural setting outside city limits, similar properties tend to be priced around $26,000. Properties closer to the town of Roxboro tend to be slightly higher, but the real sweet spot for value seems to be in the southeastern part of the county, particularly around Timberlake.

Here’s why: this area is perfectly positioned to take advantage of the booming Research Triangle Park region.  Just a short drive from Durham and Raleigh, you can enjoy all the perks of city life –  think top-notch healthcare, cultural attractions, and a strong job market – while still relishing the peace and affordability of Person County.  This prime location is reflected in the land prices, with the median price for a lot up to an acre in this area hovering around $30,000 in the last 12 months.

For those drawn to waterfront living, Person County offers some beautiful lakefront properties, which naturally come at a premium.

• Hyco Lake: Properties along Hyco Lake have seen a wide range of prices, but the median for lots up to an acre is around $215,000, with some reaching as high as $300,000.
• Mayo Lake: Lakefront properties at Mayo Lake have sold for a median price of around $70,000 in the past year.

If you’re looking for larger properties, those ranging from 20 to 100 acres, you’ll typically find prices around $210,000. Many of these larger lots are near Mayo Lake, offering ample space and stunning waterfront views, making them a desirable option for those seeking more room to roam.

While land in the area surrounding Roxboro and Timberlake area has a slightly higher median price, it’s important to note that Person County’s location near Raleigh and the Research Triangle Park is a major factor influencing land values. The growth of Raleigh’s real estate market has “spilled over” into Person County, driving demand and creating valuable opportunities for both homebuyers and investors alike.

Okay, let’s talk about the part everyone’s interested in: getting paid! When you’re selling land from afar, you want to make sure that money lands safely in your account without any issues. Here’s the game plan:

1. Working With Title Company – Think of your real estate attorney or title agent as your licensed fiduciary in the process of selling your property. They’ll help you navigate the process, make sure the paperwork is in good order, and ensure the buyer is who they say they are. They’ll also be your guides to getting paid securely and on time once the deal goes through.

   
   A study by the National Association of Realtors found that 87% of sellers used a real estate agent in their transactions – and for good reason! Agents bring expertise in negotiation, marketing, and legal compliance, which is especially valuable when you’re not physically present. (Source: National Association of REALTORS®)

2. Vetting Your Buyer – Don’t be afraid to ask for proof of funds from the buyer who wants to buy your land, and maybe even do a little digging online to make sure they’re legit. It’s always better to be safe than sorry.
   
   
3. Closing with Confidence – The closing process can feel like a bit of a nail-biter, but with the right team, you can relax. Use a title company or escrow agent – they’re like the referees of the real estate world. They’ll hold the buyer’s money safe until all the i’s are dotted and t’s are crossed, ensuring a smooth and secure transaction for everyone.
   
   
4. Keep It Simple – When it comes to payment, stick to the tried and true methods. Be wary of requests for weird payment methods, like wiring money to some far-off land or dealing with cryptocurrency. Those can be red flags for scammers. Stick to cashier’s checks or wire transfers to real, verified bank accounts.
   
   
5. Document Everything – Think of it like creating a treasure map to your land sale. Keep a record of all your conversations, agreements, and money matters. This can be a lifesaver if any disputes or problems come up later on.

By following these tips, you can navigate the out-of-state land sale with confidence, knowing that you’re protected from scams and on your way to a successful and secure payday!