“Ready, Willing and Able” is a term often used in listing agreements to describe the type of buyer that the real estate broker is seeking to find. Sellers and brokers both want to find prospective buyers that fit this description because it means they are dealing with someone that is “ready to go”. But how do you know if the potential buyer you are negotiating with fits the bill? Black’s Law Dictionary describes this term as, “persons who are legally Read more…
When you have looked at a property and asked all of the right questions, there comes a point when you have to make a decision: “Do you want it?” Sometime ago I had the privilege of meeting with a family to write an offer on a property they really liked. We had looked at the tract several times together. As I sat at their desk and they asked a few more questions of me, the wife turned to the husband Read more…
“What is the best way to find a rural property that we might want to move to, while we still live several states away?” This was a great question posed to Dave Milton and me from an avid listener of The Land Show. Helen from Maryland said she and her husband want to relocate to about 30-40 acres in Alabama in the coming years, and wanted some insights into how best to locate the farm of their dreams. This article attempts Read more…
Is it a good idea to divide your rural property to help it sell? That question can only be answered once the landowner determines their objectives, and if the characteristics of the property lend itself to division. Each property should be evaluated on a case by case basis to determine if a division will help the owner make the sell. Recently I have made recommendations to two different land owners about whether they should offer their properties as a whole Read more…
In order for a seller to command top dollar for the sale of a rural piece of land, a buyer must generally be very certain of what they are purchasing. The degree of certainty, or the comfort level, the buyer has with a given property often directly affects the price they are willing to pay. “Markets hate uncertainty” is a saying we’ve all heard dozens of times in the past few years. The real estate market is also not averse Read more…
“Well how many acres actually make up this property?” If you have looked at more than about 5 parcels of land, you have no doubt come across a property where it wasn’t exactly clear how many acres constitute the given tract. How is it possible that there can often be discrepancies between a county plat map, county tax assessor report, survey, and deed to the same property? Before we go any further, let me give a disclaimer that I am Read more…
Buying your first piece of rural land can be very exciting. First time land buyers often tell me, “I want to buy a piece of land, but I don’t really know what I am doing.” Buying land is something most people do only a couple of times in their life, so this article is aimed at increasing your chances of having a successful transaction. The list of questions and information contained in this article are not meant to be exhaustive Read more…
Every fisherman has a heartbreaking story about “the one that got away“. That is not the type of story you want to have about a piece of land that you really wanted to purchase. Last week I had a conversation with a high net worth individual about a piece of property they missed out on last year. This person had been looking for the perfect piece of property for over 5 years, and they finally made an offer on a property I had Read more…
Merry Christmas and Happy New Years from your friends at Southeastern Land Group! This is a great time of year, and many of you are spending time with friends and family, and that means you may also be getting some much deserved time off. If your schedule does allow you some leisure time, Southeastern Land Group invites you to check out a few ways to help you scratch that land itch you may have right now. Here are several ways that Read more…
“What do I need to do to make an offer on this property?” is a question I love to hear. I have never sold a piece of land without first having received an offer, so this is a great first step toward a closing! Generally I respond with, let’s draw up the contract so we can present it to the seller. Sometimes a prospective purchaser will want to just present a verbal offer, but our company policy is to get Read more…
