New Mexico Landowners: Sell for Cash, the majority of New Mexico’s acreage is privately owned. Currently, 40 families or individuals own 5.5 million acres—a mere 7% of the state’s total acreage but 16% of its privately-owned lands. The owners on our list include a few oil barons and other rich heirs. But you don’t have to be filthy rich to own a lot of land in New Mexico, where property taxes are low and state income and gross receipts taxes are high.
Some people choose to sell their properties for a number of reasons. These motivations are shaped by personal aspirations, family circumstances, and the economic realities of owning and managing land in this state.
New Mexico Landowners: Sell for Cash
Financial Needs: Individuals often sell their property to address immediate financial needs, such as covering unexpected expenses or paying off debt. Others may sell their land to fund a new venture or start a fresh chapter in life.
Environmental or Sustainability Concerns: Some individuals prioritize ecological conservation and sustainable living, which often prompt them to sell their property to buyers who share these values. This may also apply to a desire to sell land that is in close proximity to a protected area or water source, such as an endangered species habitat or a pristine river.
Some people also choose to sell their land because of ongoing maintenance and upkeep costs, such as property taxes or land management fees. Other concerns may stem from changes in zoning regulations or shifts in the potential use of a land parcel.