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A NOTE FROM YOUR LAND BROKER, CHARLES
The frigid temperatures are behind us, and sunnier days are ahead!
The nice weather tends to spur buyers into a more active state as we barrel toward spring. While prices on rural land continue to stabilize, inventory on good ranches remains at a minimum and thus puts sellers in a favorable position. I am of the opinion that it will take an influx of inventory coupled with prices continuing to stabilize before we see a more active market for both buyers and sellers.
As for Capital Ranch Sales, we’ve maintained our 2024 momentum. We closed 5 ranches in February, put an additional 6 under contract, and brought 3 new ranches to the market for sellers.
Be on the lookout for our spring edition of “The Ranch Report” magazine, which will arrive in mailboxes in the coming months. If you haven’t signed up, just click the link below to be added to the distribution list.
If you or anyone you know is looking to buy or sell real estate in 2025, please reach out! I would love to answer any questions you may have and discuss how we can help you accomplish your goals. See ya next month!
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2025 Federal Estate and Gift Tax Limits
Recently, the Internal Revenue Service (“IRS”) announced the 2025 estate and gift tax exemption amounts. Generally speaking, these amounts change slightly each year, and are an important consideration in a person’s estate planning process.
As we have discussed numerous times on this blog and our Ag Law in the Field Podcast, Congress sets an amount of assets that a person is allowed to give during their lifetime or at death without incurring estate or gift tax liability. This is known as the lifetime exemption. The IRS adjusts the amount each year for inflation. Persons whose estate value is over the lifetime exemption will incur federal estate tax liability of 40% on the overage.
Click here for the full article!
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