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
Farmland Assessment Rollback Tax Penalty (N.J.S.A. 54:4-23.8): Enrolling land in Farmland Assessment grants major property tax reductions (requiring at least 5 acres actively generating $1,000+ in annual gross production). However, converting the parcel to a non-agricultural use or failing to maintain active production triggers 3 years of rollback taxes (the current tax year plus the 2 preceding years) assessed at full market value rates.
Pinelands & Highlands Regional Development Restraints: Enormous portions of New Jersey fall under strict regional environmental authorities—such as the Pinelands Commission and the Highlands Water Protection and Planning Board. These agencies enforce rigid zoning overlays, stringent tree-clearing caps, and Transfer of Development Rights (TDR / Pinelands Development Credits) requirements that halt standard retail residential projects.
Freshwater Wetlands Protection Act (N.J.S.A. 13:9B): The New Jersey Department of Environmental Protection (NJDEP) strictly regulates freshwater wetlands and enforces mandatory 50-to-150-foot transition area buffers. Securing a Letter of Interpretation (LOI) and environmental permits from the NJDEP takes months and thousands of dollars, frequently driving retail buyers to cancel during due diligence.
Highest Effective Property Tax Rates in the Nation: New Jersey consistently maintains the highest property tax burden in the United States. Holding idle, non-income-producing, or un-entitled land continuously drains owner cash flow and erodes equity over time.
Extended Days on Market & Approval Friction: Raw land across New Jersey averages 150 to 240+ days on the retail market. Traditional buyers rely on land loans requiring lengthy municipal planning board variances, environmental clearances, and soil perc tests that frequently collapse late in escrow. Direct cash purchases eliminate lender delays entirely.
Environmental Contamination Liability & Absentee Overhead: Due to New Jersey’s industrial history and high density, raw acreage faces strict scrutiny under environmental cleanup statutes (such as the Spill Act). Absentee owners carry ongoing risks of unpermitted dumping, boundary encroachments, and municipal property tax liens without on-site management.
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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