Where we're at in 2023, I'd be very apprehensive to sell a property before I had a new one purchased. I'm sure we're all sitting on ridiculous gains on the property we have regardless of how long we've owned it, but we're also going to pay ridiculous amounts to get into another property. Rec land just seems like something that isn't going to be sensitive to interest rates. I think it's already become a rich man's game. So, that being said, here's a few things I'd do before pulling the pin.
1. If you can swing it, find another property first, buy it, and get it closed before you even list yours, even if you have to cough up a few thousand in finance costs to orchestrate it.
2. See if you can lease your property to the outfitter. If it's not gonna work for you, maybe you can get someone else to give you an ROI on it and keep it. I don't know a whole lot about leasing, so put a pencil to it and see if it's an option. Also, see if the outfitter wants to buy it from you.
3. Review your expectations. This is a hobby and should bring you joy and relaxation, regardless of your hunt outcomes.
4. Put a fish pond in near your cabin if the land is fit for it. So much additional utility to be had with your own fish pond, even a quarter acre. It's a whole new world of management activities if you're into that.
5. Wait and see.