With beautiful prairie landscapes and tons of space to stretch and grow, the buying interest for Saskatchewan acreages is certainly very healthy. This could mean great news for those who may be looking to sell an acreage in Saskatchewan. But it’s still important to note the distinct differences between selling rural property and selling a home in the city.
Selling an Acreage vs. Selling a Home
No matter whether you’re selling an acreage or selling a home in the city, the results you can expect to see will be influenced by the same factors as with all residential real estate. This includes the current state of the real estate market, home characteristics, and price. All of these factors contribute to the success of a residential real estate sale. However, the main differences found between acreage and urban home sales are location and demand.
Depending on where your acreage is located, specifically how far from essential amenities and conveniences, buyer interest may be more diluted. While there are some buyers who may be specifically interested in a rural property that allows them to disconnect and get off the grid, more buyers are simply looking for an acreage property where they can find space and quiet, while still being able to access city conveniences. This means the buying pool for a more rural acreage property will likely be smaller than an acreage near the city, leaving less demand and, therefore, possibly a longer time on the market.
It is also worth noting that demand for acreage properties versus urban homes is just inherently less. The simple reason for this being that city living provides many conveniences buyers won’t have to worry about, including utilities and services, less maintenance, and access to amenities. While there are certainly some buyers that don’t mind forgoing these for the peaceful lifestyle of acreage living, statistically there are just fewer when the two groups are compared.
The key to navigating selling an acreage in Saskatchewan, no matter the challenges, is working with an experienced local REALTOR® with a proven track record in acreage real estate. Not only will they be able to draw from their own experiences, but they will also have a better insight into the current market for selling an acreage to give you the best understanding of what to expect along the way. From education to expert negotiation, they will be with you every step of the way from determining the value of your acreage property to facilitating possession day when all is said and done.
Posted by Kent Braaten on
Leave A Comment