Some Tips For Buying Unimproved Rural Acreage

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Would you like to own your own rural acreage? Or perhaps develop and subdivide down the road? Real estate is generally a good long term investment, but before you plunk down the down payment on a 40-acre “ranchette,” there are a few things you might want to consider.

Ingress and Egress

Ingress and egress is a fancy legal term for access. When looking at a piece of property, there might be a dirt road that leads to it. Do not assume that this is a permanent road that you will be able to use at your pleasure. Check with your county recorder and the seller about the road status. If there is any doubt, make sure that as a pre-closing requirement, you will be given a recorded road access agreement that clearly describes the location of the road. If the seller is unable to agree to a road agreement, walk away. Your land with not be worth much if it is landlocked.

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Ask the seller and locals in the area about the road conditions during the winter and rainy seasons. A dirt road may seem perfectly fine on a warm, dry summer day but it may turn into a quagmire during spring snow melts. Find out if the road is plowed or otherwise maintained, or whether there is a recorded road maintenance agreement in which property owners who use the road share in the maintenance costs.

Location and Cost of Utilities

p01wj9mcThe nearest electric line might be five or ten miles away, so you will need to find out how much it will cost to get power to the land. It might cost thousands and thousands of dollars to hook into the grid, and the sheer cost might be prohibitive. Solar and wind generated power sources have improved in the last few years and could be a great alternative.

1135148-1210282005433177-pBefore buying, you might want to see if there are any local alternative energy consultants and vendors in town. They can let you know the approximate cost of installing wind or solar power, what will be involved in maintaining your off-the-grid power source and can share stories about others’ experiences. You might also need to check into portable power generators. Sometimes you can convert gas generators into propane generators, and then receive a discount from the local propane company because your propane generator is a primary source of power. Check with your local propane company.

When you are looking at the land you are thinking about buying, take your cell phone with and see if you can get a connection. If so, you’re off to a start with telephone service. You might need or prefer to have a land line instead of cell phone service. Like traditional electricity, find out how close nearest main line is and how much it will cost to connect.

When buying land in a rural area, chances are, there will be no public water connections or sewer connections.

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As to water, if there is already a well, you’re in luck if it is a reliable well. Be sure that all requisite paperwork is in order on the well before buying, and demand as a condition to closing that the well ownership will be transferred to you. If there is not a well, the real estate department (or similar agency, depending on your state) may have a report on file that will tell you about water availability and average depths to water. You might be tempted to enter into a well sharing agreement with a neighboring landowner.

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Well sharing agreements, if drafted correctly, can be okay, but make sure you talk with an attorney first before entering any kind of well sharing arrangement. Well sharing agreements tend to turn into legal nightmares when property changes hands or when the pump goes out and the users start squabbling over who will pay to repair it. There are increasing regulations about well sharing arrangements and you are much better off spending some money on a qualified water attorney before entering any such arrangement.

Instead of a sewer connection, you will most likely need to install a septic system that complies with local ordinances. If possible, see if the seller will pay for perk tests before the closing. You will not want to find out after you have closed that the land is almost pure clay and will not perk.

How to Sell Your Luxury Home in a Diffident Real Estate Market

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If you happen to have a word with the major realtors who are in the real estate market in this day and age, you would undoubtedly see that a majority of them are having quite a complicated time accomplishing this task. This might not be the condition of realtors who are professionally skilled. The real estate agents who function in this capacity state that it is not feasible for a home to go pending within a few days itself. If you are desirous of selling a costly luxury home within any specified vicinity, you would require a lot of commitment, a concrete savoir faire, and perhaps most of all, ingenuity.

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Realtors as well as sellers of homes, in this day and age are aware of the magnitude of spur-of-the-moment thinking. It is simply not feasible to sell costly property like a luxury estate by means of the tried-and-tested methods such as minimally putting the home in the MLS in addition to placing an advertisement in the newspaper. Industry specialists’ prophesize that rich buyers are really not on the lookout for property which can be purchased, rather they are on the lookout for a suitable luxury home which would be compatible with their fulsome lifestyle. This renders it even more tedious for the agents of luxury homes whose primary responsibility is to see to it that the luxury homes are endorsed suitably, and in this regard it thus becomes imperative to seek suitable buyers who are desirous of purchasing property which is just a reflection of their lifestyle.

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Seeking the apt demographic is definitely the apt answer, however there are also certain linked factors which accompany this, simultaneously. It is worthwhile to bear in mind that within the most picturesque arrangement, a home which is devoid of an appropriate outlook would not be able to allure the apt buyer for its premises.

The initial step which is necessitated for this process is staging. The home buyers are really not desirous of viewing a luxury home which incorporates the elements of a disorderly dining room, personal photos on the walls, otherwise inequitable furniture. There are numerous luxury homes which are to be availed within the real estate market, thus buyers must be able to associate themselves with the home which they wish to buy as they must be able to envisage themselves breathing, functioning, and amusing themselves in the home. This is the primary reason why realtors specializing in luxury homes are motivating their sellers to invest additional time as well as effort in ensuring that the luxury home befits the buyer’s requirement.

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There are numerous buyers who seek recourse to the high gloss publications focusing in homes, and to achieve this end they browse the internet, and will toil with a Realtor who will come across luxury homes to illustrate from the MLS.

These are the ways in which you would be able to sell your home successfully even in a diffident real estate market.

Investing in Luxury Home as a Real Estate Investment

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The real estate industry is something which keeps growing by the hour. Every second you delay an investment might actually cost you a hell lot of lash. Even when the real estate sector is at its lowest there are few sections which are never going to lose its taste. These are especially the ones which target the richer and dominating classes. Luxury real estate sector is something which has almost never seen a low rather it is something which sees new heights with the passing hour. The desire for a luxury life is something dominant in every one. People dream of it but only the ones who are rich enough can turn their dreams into reality.

SO if you have money and you dream of living life with style a luxury home is something which you must get. It also is an all time favorite and rewarding investment.

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Agents are always on a look out for prospective buyers who will spare a hefty sum to invest in their dreams. Now before you actually spend a huge chunk of your hard earned money on a luxury property you will need to know a bit about the luxury property. Here are a few small tips which will guide you to get yourself the right luxury property.

Keep in mind that the term luxury differs from place to place. What might be luxury in a 3rd world country might not even be close to a normal well to do life in the states. Keep in mind that the geographic location tagged with a lot of other features actually determine the true value of a luxury property in any specified location.

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The first factor you must look at is the size of the house and the whole property. This is a key determinant in the price of the property on sale. Now the surrounding areas of the property! You will want to know if it is a waterfront property and it has the beautiful view of an ocean or another water body. Luxury life is also about other luxury leisure activities like gaming, etc. You will definitely be curious in the proximity of the place from luxury amenities. Say for example a golf course. Now consider the market value of the luxury home.

Now the market value for what is considered a luxury property will be different for different countries. If you consider the United States of America the lower limit of a luxury property is approximately tagged at a million US dollars. You will find luxury properties in the US in locations like New York City, Sun Valley, The Hamptons, Westchester County, Santa Fe, Palm Beach, Jackson Hole, Greenwich, Litchfield County, Northern California and Southern California.

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The designs of the luxury properties are usually original ideas of the designers. Some even are inspirations from the different lifestyles across the globe. The creativity of the designer however counts big time. Richer people also get luxury properties customized to suit their needs. Luxury real estate companies try to provide the best possible solutions to their clients. Their concern is of the highest degree especially because their clients are investing a very large sum of money in the property. It is hence their responsibility to find them the best possible deals. Different marketing strategies are applied by the agents to attract customers not only on a national but on an international scenario.

Before you zero down upon your purchase do all the research required for the investment. The agents are there to help you out but they are sometimes more concerned about their commission. Do not be influenced by anything. Just keep your eyes and ears open and be assured you will definitely find the house of your dreams.