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Why land is not option for quick cash
The sale of leasehold land will for instance require the consent of the lessor, usually the county or national government. This takes formal applications and the payment of any outstanding land rents and rates, where applicable.
Land, unlike shares in the stock market or units in a money market fund, both easily liquidated, is a slow sell. You cannot swing it to arrest a medical emergency or urgent cash needs. Offloading land into the market is rigidly controlled by pertinent laws and statutory procedures.
The use of competent land professionals is often required. This basic reality should inform investment decisions, particularly by those who may often need quick cash as they navigate their circumstances.
