THIS
MONTH'S TOPIC:
"Suffering
from Stock Market Woes? "
Tired of the ups and
downs of the stock market lately? If
you’re an investor, but are weary of taking losses on
your stock picks, listen up. There is a much more dependable
investment vehicle than the equities market. The profit
potential also far exceeds those unmet expectations you've
been witness to in the stock arena.
In the case of stocks,
you can make – or LOSE – money
while you sleep. You go to bed thinking you've
just nailed the next high-flying stock – only to wake
up and learn that a factor totally out of your control torpedoed
the stock by 8% overnight. It's something you couldn't
have planned for, but it happened anyway.
Land on the other hand
is tangible - it won't disappear
overnight. It appreciates. It is always marketable
at fair market value. You can enjoy the use of it – even
as it's appreciating. You can rent it for income. You
can borrow against it.
The key to making any
good investment is to "buy low – sell
high". That's also true with land – especially
when coupled with the right location, location, location. For
example, if the average asking price for land is $9,000/acre
in the area you've chosen, and you locate a parcel priced
at $4,000-5,000 per acre – BUY IT – provided it
offers desirable features and value.
When buying land for
future resale, make your "selling" decision
(or "exit" strategy) when you buy, not five years
later. This means that you only buy a parcel priced below
the average asking price if it offers desirable features that
others would pay for in the future.
A partial list of those
desirable features would include 1) state road frontage,
2) long-range views, 3) gentle to moderately sloping topography
(not "billy-goat" land), 4)
springs, streams, or creeks, 5) higher elevations providing
views, and 6) proximity to town, shopping, state parks, medical
facilities, etc.
If a property offers a combination of those factors, which
would also be appealing to other buyers, then when you decide
to sell in 5-10 years, you will have an attractive, marketable
property that has appreciated substantially with no effort
on your part.
You can also add additional
future value by making simple improvements to the property. For
example, if a heavily wooded parcel has great views – but
they're obscured by tall trees – think about
clearing a half-acre at its highest point and planting grass
to create a meadow. By enhancing the views you've made the
property more attractive to potential buyers.
Again, most heavily
wooded tracts are inaccessible on foot, except for overgrown
logging trails from 20-30 years ago when the timber was last
cut. By cleaning up those old logging
trails, you are providing an enjoyable hiking opportunity for
future owners.
If you have even the
slightest interest in buying a large tract of mountain land,
please call or Email us. You
won't get a high-powered sales pitch – we promise. What
you will get is enough information to make a determination
about the value of owning land in the mountains. For
example, each month we research the ASKING PRICE of all properties
listed in the Ashe, Watauga, Wilkes, and Avery County MLS records.
These are properties listed with OTHER brokers. As of July
21st, our research indicated an average asking price of $17,754
per acre for those properties listed on MLS. Meanwhile,
the average asking price of properties listed with Mountain
Land Company was $7,122 per acre – a whopping 59.89%
lower than other properties currently for sale. How do we do
it? You'll need to call us, and you'll be
pleased with our answer.
You may even want to
begin by downloading and printing a copy of Carolina Dreaming – our
land buyer's manual. In
it you will get the same boatload of information about buying
land as if you spent the day with me in the car looking at
property. It’s an easy read with the practical
side of owning land explained in layman's terms.
With over 37 years experience
in the business, I know making that first step to buy land
can be scary. But it doesn't
have to be, just give us a call or send us an e-mail, we'll
be happy to answer your questions.
Paul Christian Breden
Managing Broker/Owner
800-849-9225
Email Paul Christian Breden
The purpose of Land Rush is to educate
and inform you in such a way that, once you arrive here
in the mountains, you'll be prepared to make your purchase.
If you haven't already, please – before you come
- take time to download our buyer's guide – “Carolina
Dreaming” - from our website. It's short, easy to
read, and will provide you with the basic information needed
to make your trip a roaring success. For your free copy,
go to:
www.ncmountainland.net/Profile/profile.html
ARCHIVE:
CLICK HERE
BUYERS CHECKLIST:
CLICK HERE
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