- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Question for land aficionados
Posted on 5/8/24 at 4:42 am
Posted on 5/8/24 at 4:42 am
I currently own 4 acres of undeveloped property in Livingston parish near the border of Ascension parish. Property is mostly cypress swamp with a Marathon pipeline crossing it and is road accessible. I recently received an offer of $51K for the land from a Texas based land company ( had no intention of selling before this offer came out the blue). Should I sit and wait or take the money and run? I’m trying to put the puzzle pieces together because I’m thinking (at least hoping) Marathon wants this land for future use and it could possibly be worth a lot more than the current offer. Any advice is appreciated and thanks for reading.
11
Posted on 5/8/24 at 6:12 am to Koolazzkat
Don't let the attraction of unexpected cash feed any FOMO. If you know any of the owners of adjacent properties, talk with them to see if they have had offers or know what the purchase attempt may be about (is another line being run? Substation? Horton trying to develop a neighborhood?).
To just show up waving $12.75k/acre as an initial offer for land which is mostly cypress swamp seems like it would be a bit uncommon.
Time is on your side. If they want it badly enough (especially if they've already bought neighboring plots), they'll be back.
To just show up waving $12.75k/acre as an initial offer for land which is mostly cypress swamp seems like it would be a bit uncommon.
Time is on your side. If they want it badly enough (especially if they've already bought neighboring plots), they'll be back.
Posted on 5/8/24 at 6:47 am to Koolazzkat
Are there any comps on what the land is actually worth? My experience is that unsolicited offers are rarely ever in line with the market value.
I don't know the land value in Louisiana especially cypress swamp. It doesn't sound appealing to someone looking to build, but I also am not the expert on developing that type of property.
I don't know the land value in Louisiana especially cypress swamp. It doesn't sound appealing to someone looking to build, but I also am not the expert on developing that type of property.
Posted on 5/8/24 at 6:54 am to Koolazzkat
quote:so Marathon already has an easement for their pipeline?
Should I sit and wait or take the money and run? I’m trying to put the puzzle pieces together because I’m thinking (at least hoping) Marathon wants this land for future use and it could possibly be worth a lot more than the current offer.
quote:So how much of the acreage is actually usable? I looked at the flood map of the area and there’s not much that isn’t in it.
Property is mostly cypress swamp
I handle most of the land sales in my office, because frankly most realtors HATE dealing with land, mostly because they don’t understand it. There is probably different than here given how much residential construction I see built already that’s in a flood zone, but here it’s much harder to sell here because of increased costs to develop.
So I tell clients, if it’s in a flood zone I wouldn’t buy it, if someone else wants yours that is? SELL
Posted on 5/8/24 at 7:14 am to Koolazzkat
Bard is absolutely correct when he replied that they will be back. Find out why these people want to purchase the property.
I think that you will get plenty of sound advise at that point.
I think that you will get plenty of sound advise at that point.
Posted on 5/8/24 at 10:07 am to Koolazzkat
I'm not a land aficionado but I am a Scooby Doo aficionado and I feel like I need to warn you to be on the lookout for these guys coming back and making you feel like your land is haunted if you turn them down.
This post was edited on 5/8/24 at 10:08 am
Posted on 5/8/24 at 11:16 am to Koolazzkat
If a complete stranger or a company from Texas that was previously unknown to you just randomly showed up asking to buy your land that wasn’t even for sale, you can bet that they know something about the future use of your land that you don’t yet know.
This kind of stuff happened all over DeSoto parish a year or so before the Haynesville shale drilling broke loose.
This kind of stuff happened all over DeSoto parish a year or so before the Haynesville shale drilling broke loose.
Posted on 5/9/24 at 3:18 pm to Koolazzkat
Check the letter. Does it give them a due diligence period or contingencies? My guess is they got your info from the assessor and offered you based on a percentage of market value without checking for floodplain, wetlands, or pipelines. I bet there’s a clause that gives them an out in the due diligence period when they realize all that.
Posted on 5/12/24 at 1:44 pm to Koolazzkat
Why not counter their offer with one of your own? Go at them with 115k. See what their counter to that is. They may really want the land for an unknown reason, but it sounds like there is really no competitor to drive the bidding either. Might want to take an easy profit and put it into non swampland elsewhere.
Posted on 5/13/24 at 8:33 am to Koolazzkat
I’d sell it, what you going to do with it? Counter 60 and I imagine you have a check pretty quickly. There position and the value to them is obviously pretty high. But 15 k for swamp land seems pretty sweet
Posted on 5/16/24 at 9:10 am to Koolazzkat
Never sell land
That’s the only answer
A trade may be acceptable but only if it’s heavily in your favor
That’s the only answer
A trade may be acceptable but only if it’s heavily in your favor
Posted on 5/16/24 at 10:36 am to Koolazzkat
quote:
I recently received an offer of $51K for the land from a Texas based land company
They know something you don't.
Companies don't usually over pay for land in a swamp unless something is coming down the road
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News