Saturday, November 12, 2016

Understanding The Land Auction Kansas Buyers And Sellers Choose

By David Russell


Auctions have been around since the ancient Romans used the method to trade property. Down through time almost everything has been offered on the block. In today's world, selling real estate this way is often the best and fastest way to get top dollar for your property. The different types of land auction Kansas buyers are interested in can vary widely. They may be looking specifically for estate sales or foreclosure opportunities.

When people start looking for property to purchase as an investment, they will be looking at improved or unimproved real estate. If it is improved, it will probably have more value and already be in use in some way. How raw property is developed usually depends on how it is zoned, and this is customarily determined by the county in which it lays.

Some farmers and commercial vegetable and fruit growers look for cropland that is compatible with the types of crops they want to harvest. Many times they are concerned with the climate, the soil types and the uniformity of the acreage. If it has ponds that can be used to help irrigate, the value is usually increased. If wells are already in place and the seller wants to include a pivot irrigation system with the sale, the amount a buyer is willing to pay will most likely be even higher.

Good pastureland is something of interest to ranchers, stock farmers, and commercial meat producers. Having water sources on this type of acreage is important for the animals they are raising. Edible grass allows the livestock to range freely and graze naturally which minimizes the amount of feed the owner has to purchase from an outside source.

Timber companies are interested in all different types of timberland. They are usually most interested in mature trees on land with established dirt roads throughout. Water is not an important consideration, and improvements like tin shelters or sheds tend not to increase the price they are willing to pay.

Even in rural areas, commercial land can come up for auction. The property may be improved with an existing business, or it might be vacant property zoned for commercial or manufacturing use. Agricultural acreage can often be successfully rezoned for residential use as well. When this happens developers interested in building spec houses can be potential buyers.

Auctioning all kinds of property, both personal and real, is a wonderful marketing tool for individuals interested in getting market value on a specific day. Often large acreage tracts are divided into smaller lots to maximize the high bid for the seller. Good road frontage can also be advantageous and can be divided, parceled out, and advertised as excellent potential country home building sites.

Good auctioneers are experts in getting the most for the sellers they represent. They combine strategic property division and persuasive marketing techniques to bring top dollar and an accelerated sale.




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