Hope everyone is getting along and is well. I have been asked many times since this Coronavirus and the lockdown began what I think about the land market. Is this a good time to be looking to buy a property or perhaps to sell? There is always a market and there is always land for sale. They may not be making anymore but there is always land that has to be sold.
My answer: it is a great time to either sell or to buy. Land prices are not at the peak of around 2013 but they are definitely high. As most of you that follow me know I have been in the land business for over 40 years and I have seen it all. The one thing is that with the government offering or printing all the money that they will need to make all the payments that they have promised that inflation will come back with a vengeance. This of course will make the dollar very cheap and land prices will go up. With low interest rates this will enable many more buyers to be in the land market.
Thank you
Drennan Bailey
About Drennan Bailey
Drennan Bailey, the President of Bailey Properties, Inc, is a St. Louis native with a lifetime commitment to land management and ownership. After earning his business degree from Westminster College, Drennan followed in the footsteps of his family, who have been in farming and ranching for over a century. His early experiences on his family’s Missouri farm fueled his passion for the land. A pioneer in no-till farming during the 1980s, Drennan has both brokered and personally owned thousands of acres. His expertise spans agriculture, ranch, wildlife, and outdoor recreation land sales. Drennan’s extensive network includes trust departments, banks, attorneys, CPA’s, farmers, and landowners. He’s facilitated transactions for clients globally. Married for 40 years, Drennan is a father of four and a grandfather of six, valuing family and tradition.
