best way to buy land?
#1
Thread Starter
Join Date: Jul 2007
Location: michigan
Posts: 68
best way to buy land?
I"m kinda scared becouse I think we are going to lose are hunting land but somedayI really want to buy some land whats a normal pricesay for130 acers or more.whats a good way to find land forsale beside local magazines or what not.thanks
#9
Typical Buck
Join Date: Aug 2004
Location: Columbus, Ohio
Posts: 702
RE: best way to buy land?
There are parts of Ohio where land can be had for $1,250 to $1,500 an acre.
But, there are some big issues:
1) The land is not tillable (has no agricultural value)
2) The land has no timber value
3) The land typically is not accessible by a main road - off a dirt road
4) There is not much road frontage
5) There is no buildings
6) Sometimes you have to cross a stream to access the property.
7) No utilities run to the property
8) There are no buildings on the property
9) The property can only be accessed by easement
Based on my experience you will not be able to touch land for under $1,250 an acre unless it is mine reclaimed or has other signifcant issues.
I got my land for a steal and paid $2,000 an acre, it should have been at least $2,500. I watched the newspapers like a hawk and called my realtor daily!!!
But, there are some big issues:
1) The land is not tillable (has no agricultural value)
2) The land has no timber value
3) The land typically is not accessible by a main road - off a dirt road
4) There is not much road frontage
5) There is no buildings
6) Sometimes you have to cross a stream to access the property.
7) No utilities run to the property
8) There are no buildings on the property
9) The property can only be accessed by easement
Based on my experience you will not be able to touch land for under $1,250 an acre unless it is mine reclaimed or has other signifcant issues.
I got my land for a steal and paid $2,000 an acre, it should have been at least $2,500. I watched the newspapers like a hawk and called my realtor daily!!!