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re: Financing for raw land
Posted on 5/7/23 at 6:29 pm to deltafarmer
Posted on 5/7/23 at 6:29 pm to deltafarmer
Thank you for all the responses.
This definitely looks like the best thing going as far as I can tell. Hopefully in 7 years interest rates will be creeping back down instead of up! LOL
I'm dealing with a large land management company to buy this land. They represent several smaller subsidiaries. I would like to get a cheaper price per acre and also would like to buy a few more acres than we have talked about in the initial conversation. Does anyone have any good strategies for doing this?
My initial offer was $3,000/acre
Their reply is $3,500/acre
I'm curious if I offer to purchase another 100 acres or so if they'd be flexible. The land is in a rural community and isn't being developed like other places are right now. The topography is rolling with wetlands around the perimeter for the most part acting as a barrier between it and the connecting property. Really good property for growing pine trees but not so much for pasture conversion.
Anyone know any savvy negotiating strategies for raw land?
This definitely looks like the best thing going as far as I can tell. Hopefully in 7 years interest rates will be creeping back down instead of up! LOL
I'm dealing with a large land management company to buy this land. They represent several smaller subsidiaries. I would like to get a cheaper price per acre and also would like to buy a few more acres than we have talked about in the initial conversation. Does anyone have any good strategies for doing this?
My initial offer was $3,000/acre
Their reply is $3,500/acre
I'm curious if I offer to purchase another 100 acres or so if they'd be flexible. The land is in a rural community and isn't being developed like other places are right now. The topography is rolling with wetlands around the perimeter for the most part acting as a barrier between it and the connecting property. Really good property for growing pine trees but not so much for pasture conversion.
Anyone know any savvy negotiating strategies for raw land?
Posted on 5/7/23 at 8:10 pm to BillWilliamson
What’s the going rate for land that isn’t planted in pine?
How old is the pine?
Has it been thinned?
How far away is the closest mill?
All this affects the price.
How old is the pine?
Has it been thinned?
How far away is the closest mill?
All this affects the price.
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