Tennessee is a great place to invest in. The southern hospitality, great weather, outdoor beauty and peacefulness has turned investment in Tennessee into a big market. Owning land in Tennessee is great for building a home, investing, retiring, or just having a place to take a vacation to.
Tennessee is known for its industries, professional sports, and country music. Tennessee is most famous for its music; Elvis Presley's home was in Memphis. Tennessee is huge on sports as well. It is home to three professional sports teams: The Tennessee Titans of the NFL, The Memphis Grizzlies of the NBA, and The Nashville Predators of the NHL. These teams bring many fans and spectators to the State, as well as provide additional entertainment to the State's residents.
So why invest in Tennessee Land For Sale?
According to Forbes.com, Tennessee is the 13th best place to do business in, up seven spots from its 2006 rank of 20th. It also has the 3rd best business costs in Tennessee. This means setting up shop in Tennessee is much cheaper than the vast majority of other States. It also means that people have recognized, over the years that Tennessee is a great place to do business.
According to Lawrence Yun, the National Association of REALTORS® senior economist, Nashville, Tennessee will have the biggest Real Estate market gains within the next five years.
It is interesting to note that even though most of the United States is in a real estate depression, the Nashville area has remained steady. Sellers report that it takes around 70 days of a house sitting on the market until it sells, which is good for the seller. Buyers are also happy as increased inventory means its still a good time to buy. The point here is that there is a steady rise in prices in this area. It's a great time to invest in Tennessee; You can buy real estate at good prices and still see it appreciate.
Knowing there are areas in Tennessee where even the Real Estate market is still good, it's obvious to see why land is such a great investment.