146± Acres in Colquitt County, GA Sells to Four Buyers While Avoiding Tax Penalties

Rowell Auctions sold 146± acres of recreational land in Colquitt County, Georgia, after the owner's attempts to sell it privately didn't work out. It sold to four buyers, and with careful planning, the seller avoided every property tax penalty that could have come with a divided sale.

At a Glance

• Property: 146± acres of recreational land
• Location: Colquitt County, Georgia
• Seller: An individual owner
• Offered: Separate tracts, any combination of tracts, or the whole property
• Result: Sold to four bidding groups with 15% earnest money deposits right after the auction; closed as scheduled with no tax penalties

The seller's goal

The owner had tried to sell the land privately without success and needed a sale that would bring real buyers to the table.

The challenge

The property was enrolled in a ten-year property tax savings program. Normally, selling it in pieces would have triggered penalty payments. Because we know how that program works, we recommended the seller set a later closing date. That allowed the seller to qualify for a special exemption based on age, which wiped out the extra tax payments entirely.

How we sold it

We built a digital and print marketing campaign aimed at buyers with real purchasing power. The land was offered on our Ultimate Choice online bidding platform, so buyers could bid on separate tracts, any combination of tracts, or the whole property.

The tracts as offered at auction.

Auction day

The land sold to four different bidding groups. Every contract was signed and 15% earnest money deposits were collected right after the auction. The sale closed on schedule, the seller received more than expected, and no additional property tax penalties were owed.

Thinking about selling land?

Rowell Auctions has sold farmland, timberland and recreational land for over 90 years, and we're licensed in Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee. Call us at (229) 985-8388 or request a free consultation. Learn more about our land and farm auctions.