After 41+ years in real estate, I've learned quite a bit about the ups and downs of the land market. This blog is an opportunity to share my take on today's land activity and hear your feedback! So, take a moment to share your thoughts and concerns. We'll listen to all – and publish the most pertinent.
-Paul
Buy Land! Tired of day after day of market uncertainty. Feeling downgraded with the stock investments in your IRA? It’s time to take control by cashing out of stocks and low-yield CD’s. Head in a new direction today by starting a self-directed land IRA! That’s right – a land IRA! Did you know you can buy mountain land with [...]
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Why make a land investment during economic uncertainty? If you’ve seen the national news today, you’ve noticed that it reeks of extreme economic uncertainty! Stock traders are more wary than ever – put off by the added risk, unexpected ratings changes on favorite stocks and a lack of investment safety. This makes a land investment today [...]
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We are often asked about mountain land & timber prices here in the North Carolina mountains. There are actually 3 different aspects to this discussion: 1) land, 2) timber, and 3) land with timber. Mountain land & timber prices when combined – that is, marketed as a package have two different price points. The first is [...]
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The uncertain national economy is sending investment land to its low point – that’s cheap land - making for one of the best investment opportunities in years. Asking prices for land and acreage have come down dramatically. Are you a value investor ? Consider this one: 70.14 mountain acres priced at just $0.07 per square [...]
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When you buy land – especially mountain land & acreage in North Carolina – be sure you have access to the land. There are really only three possibilities: 1) state maintained road frontage, 2) a deeded, legal right-of-way from the nearest state maintained road into the land, and 3) no deeded access at all – [...]
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Buy Land – Save up to 95% on Property Taxes When you buy land in the NC mountains, more specifically 20 acres or more, you can benefit from your land investment in short order. There exists a special land value program, offered by the local property tax authorities which can turn your acreage into cheap [...]
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Buy land – get it surveyed! Ever hear the term “no man’s land”? If you buy land here in the NC mountains and don’t have a property survey completed before you own it, you may quickly learn the meaning of that “red flag” term. “Why”, you ask. Many large land parcels in the North Carolina [...]
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Say you want an investment bargain? Here’s a diamond in the rough! All this property needs is a little attention in order to re-sell at a profit. Reduced from $352,000 to just $203,000 – a $149,000 drop in price. See details at: http://www.ncmountainland.net/70-14-±-acres-wilkes-county-nc-203000/ Call Paul at 336-927-2999 or Email paul@ncmountainland.net Share This With Friends: Blog [...]
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Mountain Land – New Face for Acreage! Mountain land has a new face – beginning today! After several months of redesign and search engine optimization, the Mountain Land Company website has been reborn – very easy on the eyes. Browse our site and you’ll need fewer clicks to navigate to any of our many large land and acreage [...]
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Monday, March 28, 2011: A Fortune Magazine story that appeared this morning online, written by Shawn Tully, Senior Editor-At-Large, states in headline bold – “REAL ESTATE: IT’S TIME TO BUY AGAIN” So, what’s new – I’ve been saying that for months about land! In my 41 years of land experience, which includes the last 7 [...]
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Tuesday, May 25, 2010: So . . . How’s that buying gold high and selling low workin’ for ya? It spiked in December, and again recently near $1,250 per ounce. Yet, with all its volatility in recent months, the best gain I’ve seen was about 5%. On the other hand, we just took a look [...]
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Wednesday, March 31, 2010: Well, it’s begun! For months, I’ve been banging away on this blog, trying to convince you that the market is ready to turn north – that now is the best time to buy – that prices are at their lowest. Yesterday, we closed the first full-price sale in almost two years. [...]
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Tuesday, March 2, 2010: I’ve been saying this for weeks, if not months – now is the time to buy investment real estate – in other words – LAND! This morning, CNN Money Online had this to say in BOLD HEADLINES – “NAB A REAL ESTATE DEAL NOW – WHILE YOU STILL CAN!” Remember – [...]
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Tuesday, January 5, 2010: Wonder why there are so many ads on TV encouraging you to buy “GOLD”? If you had bought gold in 2002 – just 8 years ago – at about $290/ounce, wouldn’t you want to sell your gold today at $1,200+/ounce for a whopping 414% profit. Well – duh. I remember reading [...]
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Monday, December 28, 2009: If you’re doing some year-end tax planning, here’s a tip for 2010: If you’re sick and tired of the returns you’re receiving on your IRAs – either the low interest rate on CDs or negative returns on mutual funds or individual stocks, you can roll your IRAs into land. Land prices [...]
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Thursday, November 5, 2009: How many times have I said it? Now, one of our Paul’s Blog readers has put in his 2¢ worth. Read his comment, and then PLEASE tell me what YOU think. Is it time to invest in land – or not? “I believe land to be a great investment opportunity and have [...]
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Monday, November 2, 2009: Concerned about the economy? Worried about a loved-one fighting in the war? Think your health-care is about to take a gigantic hit? Just received another 401k statement showing your losses for the quarter? Know someone who’s lost their job? Needless to say – there’s plenty to worry about – especially when [...]
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Monday, October 19, 2009: Where to put $100,000 or $1,000,000 A recent article posted on CNN MoneyOnLine suggests that the best place to put your spare dollars is to avoid the “tax man” by buying “Munis” (Municipal funds) with a return of just over 4%. WOW! Now isn’t that a great return on your hard-earned [...]
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Monday, October 5, 2009: Since you’re reading this blog, it probably means that you’ve been thinking about buying land in the North Carolina Mountains. Please share with me the reasons why – what makes you want to live in this area? Have you always dreamed about living in the mountains, did you vacation here and [...]
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Thursday, October 1, 2009: Gasoline – Bargain Priced at $22.40 per gallon Let’s suppose you come to the mountains several times each year. You come for recreation and the pure enjoyment of our beautiful surroundings. Not long ago, when you came to the mountains, you would have found most gas stations here pricing their “Regular [...]
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Friday, August 7, 2009: Surveys – Why They are So Important! Here’s a quick “primer” on the importance of surveys. Let’s say you’ve found the perfect property, a parcel represented by the seller to consist of 207 acres. You’ve looked at the legal description on the seller’s deed. It appears to be accurate and clearly [...]
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Friday, July 31, 2009: Gordon Liddy tells you on TV to “Buy Gold!’ He then tells you gold has tripled in value since 2000 – in other words if you had bought in 2000, you’d have made some serious “jack”. But tell me – why would you buy gold when it reaches its highest point? [...]
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Thursday, July 30, 2009: So . . . how have you fared during the last two years of recession? What investments have you made to counter the adverse effects of the economic slump? Did you buy gold? Stocks? Land? Antiques? Guns? Did you hunker down and place all your eggs in the CD basket? In [...]
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Wednesday, July 1, 2009: What’s your greatest fear? Generally speaking fear of the unknown ranks #1! For example, let’s say you’ve never been in an airplane before. I take you to the nearest airport, put you in the seat of a Cessna 152, and ask you to fly around the field three times and land. [...]
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Wednesday, June 24, 2009: Are ethics really important in the real estate business? They certainly can be as illustrated by the following example. Imagine for a moment that you are having chest pain and shortness of breath. It is obvious that you need a doctor, so you place a call to Dr. Dennis Pullit, DDS. [...]
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Friday, June 19, 2009: Supply – demand – supply – demand – supply – demand . . . . When supply is up, and demand DOWN – prices fall. When demand returns and supplies begin to shrink – prices go UP. In the land business, the past two years have seen supply going up with [...]
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Friday, June 12, 2009: Plan to buy land this year? If so, have a boundary survey completed by a registered surveyor. Then follow up with title insurance “as to matters of survey”. First the survey will identify the boundaries of the property you plan to buy. This is very important, especially if the property hasn’t [...]
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Thursday, June 4, 2009: Do you think most Americans are more likely to buy a home toward the end of a “recession” while prices and interest are at their lowest point, or wait until they’re sure the recession is over and recovery has begun before buying? Please send us your comment as either “recession” or [...]
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Monday, June 1, 2009: So . . . the other shoe has dropped! GM has filed bankruptcy – while Ford has plans to ramp up production by 10%. Sounds like good ‘ole American entrepreneurship to me. In fact, one individual here in our office bought a Ford over the weekend – telling the dealer she [...]
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Friday, May 29, 2009: Can’t wait ’till Monday – when the other GM shoe will drop. Not all economic news is positive, yet today the stock market completed the best three-month rally since 2007. Arthur Godfrey once sang a song that seems to mirror our present economy. The first line went like this “Yea – [...]
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Thursday, May 28, 2009: Know the difference between state road frontage and a right-of-way (or lack thereof)? You’d better – if you plan to buy mountain land. In North Carolina, roads that are maintained by the state, be they gravel or paved, are assigned a number as well as a name. For example, Fall Creek [...]
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Wednesday, May 27, 2009: Whoa! Listen to this: “Economists: Recession to end in 2009″ and “Existing home sales rose 2.95% in April”. Again CNN Money OnLine.com hit the nail on the head in this morning’s headlines. Remember your Economics 101 course? You know – when they told you that after “Recession” comes “Recovery”. Get ready [...]
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Tuesday, May 26, 2009: CNN Money Online.com had an interesting headline this morning. “Pending home sales rose 3.2% in March, for the second consecutive month!” This bears out my 39 years of land experience (including 5 recessions) that real estate sales pull out of the recession about 6-12 months before the retail and general economy. Left [...]
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Monday, May 25, 2009: For 2 years, I’ve heard nothing but “I’ll wait to buy when prices come down!” Well, they did. The average asking price for properties over 100 acres as shown in MLS was $9,028/acre in October, 2007. Now, the average asking price is only $5,747/acre. That’s a whopping 45% drop in asking [...]
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Friday May 22 , 2009: Having experienced five real estate recessions myself, I’ve learned a valuable lesson. The real estate market recovery begins about 6-12 months before the general retail economy. The real estate economy has been in a recession for almost 24 months now. Since Christmas, we’ve noticed an “uptick” in activity from buyers. [...]
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