Get Your Fair No Obligation Cash Offer Now!
Owner, Green Tara Investments LLC
12. Land that is simply too much of a trek to travel out and deal with
Sellers who want quick turnaround
Almost none. We do all the work.
Nothing. Zero. We pay for research, title, closing.
High. We use our own money.
Less than a month
When you have time to wait and watch
Quite a bit. Chasing the agent, site visits, document review
Commission (6-12%), closing costs, and concessions
Medium. After weeks of contract, buyer financing may not happen
3-12 months, at times longer.
Patient sellers, those with knowhow
A lot. Marketing, site visits, negotiations, document review
2k to 5k. Title Insurance, Listing fees, Legal expenses
Low. Finding an eligible cash buyer is like finding a needle in a haystack
0.5 to 2 years. You are the resource, no external help
Ag Productivity Assessment & CSR2 Rating (Iowa Code § 441.21): Iowa assesses agricultural property based strictly on productivity and net earning capacity rather than fair market value. Soil productivity is calculated using the Corn Suitability Rating 2 (CSR2), a 5-to-100 index unique to Iowa. High CSR2 scores (80+) drive property values and cash rent rates, while non-tillable acres lower overall productivity assessments.
Mandatory Time of Transfer (ToT) Septic Inspections (Iowa Code § 455B.172 & 567 IAC Ch. 69): Under Iowa’s Time of Transfer law, any property served by a private sewage disposal system must pass a mandatory DNR-certified septic inspection prior to deed transfer or sale. Substandard or failing systems must be upgraded or replaced ($15,000–$30,000+), or a binding repair agreement must be executed prior to recording the deed.
Strict Foreign Ownership Restrictions on Ag Land (Iowa Code Ch. 9I): Iowa enforces some of the nation’s strictest prohibitions against foreign land ownership. Nonresident aliens, foreign corporations, and foreign governments are barred from acquiring agricultural land in Iowa (with narrow exceptions for non-farm development up to 320 acres or limited short-term leases). Violations trigger mandatory divestiture proceedings led by the Iowa Attorney General.
DNR Water Use Permitting & 25,000 GPD Threshold (Iowa Code Ch. 455B): Ordinary domestic and small livestock well withdrawals are exempt from formal water rights. However, taking surface or groundwater exceeding 25,000 gallons per day requires a Water Use Permit from the Iowa Department of Natural Resources (DNR), requiring hydrogeological evaluations in restricted aquifer zones.
Extended Days on Market & Financing Contingencies: Prime tillable farm tracts sell quickly at auction, but unimproved recreational land, timberland, and off-grid acreage average 150 to 240+ days (5 to 8+ months) on the retail market. Retail buyers depend on land financing contingent on DNR Groundwater Hazard Statements, ToT septic reports, and boundary surveys, making direct cash purchases appealing to sellers seeking certainty.
Annual Tax Sales & Statutory Redemption Period (Iowa Code Ch. 446 & Ch. 447): Unpaid real property taxes trigger annual county tax sales held on the third Monday of June. Under Iowa Code Chapter 447, certificate holders can issue a 90-day Notice of Expiration of Right of Redemption after 1 year and 9 months (or 9 months for abandoned parcels), after which the County Treasurer executes a Tax Deed transferring title.
Sources:
We perform in depth due diligence on the land and may request you for additional information. We use trusted 3rd party title companies and notaries to open escrow and begin title examination.
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