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re: Question for land aficionados
Posted on 5/13/24 at 8:33 am to Koolazzkat
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
0
Posted on 5/16/24 at 9:09 am to CharleyLake
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.
_____________
How can you say they will be back based on the little info given? You can't. Neither can Baird. I do some land deals, and the motive from sellers are all over the board.
You are correct in trying to learn more about why they want the property.
We don't know much about the OPs financial situation. Taking the money now could be the right way to go. Are there other options for the prospective buyer, meaning that he should decide sooner vs later?
I think that you will get plenty of sound advise at that point.
_____________
How can you say they will be back based on the little info given? You can't. Neither can Baird. I do some land deals, and the motive from sellers are all over the board.
You are correct in trying to learn more about why they want the property.
We don't know much about the OPs financial situation. Taking the money now could be the right way to go. Are there other options for the prospective buyer, meaning that he should decide sooner vs later?
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
Posted on 5/17/24 at 9:06 am to Bard
quote:
My next response was going to be to ask about signing over just surface rights but maintaining mineral rights and see how the company reacts.
I was about to suggest that, but kept reading all the replies first. This is the approach I would take just to see how they react.
Posted on 5/21/24 at 8:44 am to el Gaucho
Never sell land
That’s the only answer
_________
Ridiculous answer. At least you are consistent.
That’s the only answer
_________
Ridiculous answer. At least you are consistent.
Posted on 5/23/24 at 12:52 am to The Torch
quote:While true, a company already has not one but two easements to the property if I read his reply correctly.
They know something you don't. Companies don't usually over pay for land in a swamp unless something is coming down the road
Given that, I’d say it’s very unlikely he owns any mineral rights to it, given it’s swampy and basically unusable I’d say even it someone does want it to exploit it for profit, the odds he’ll have any leverage is essentially zero.
You may not have seen developers build around difficult to deal with property owners, but I have. I’ve seen some fairly interesting parcel divisions to get around it.
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