new video
hot off the press!  
    more about rocket
mass heaters here.
  • Post Reply Bookmark Topic Watch Topic
  • New Topic

finding land at a fair price  RSS feed

 
marty reed
Posts: 120
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
im looking forward to buying land and have been looking every place i can how do you know if the prices of land is fair?

i was also looking for more places to find land for sale.

thank you the cheap guy
 
                        
Posts: 508
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
I might suggest that you first decide for yourself what are the parameters that you need. If you have your heart set on growing plants that need a 5 month growing season, you are not going to be happy in the wilds of northern BC or North Dakota, no matter how cheap the land is. There is often a trade off and so many people leap in just because the land is cheap and then find that reality is not so nice. We are seeing that around here..people come here and aren't able to adapt to the conditions that the climate and land imposes; spend money and time and effort and eventually leave.

A reality check on what you have your heart set on doing, and whether it is practical where the land may be cheap, is well worth doing before you even start to  search for land and can save much heartache later. There is usually a reason why land is cheap, although right now it seems that there are all sorts of incredible bargains in land in the States as a result of the mortgage fiascoes and general economy.
 
marty reed
Posts: 120
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
i have made my mind up on a few of these thing i do want a garden and i want farm animals i have plans for goats chickens rabbits and worm farm and a hyrdoponices or aquaponices system i want to build my house my self i have been garthering material for about 2 years know to build my house and have been saving money to buy land out right and have been looking for land i just have not found any thing that i would like for the price im going to stay in my home state of oklahoma thanks for the post

the cheap guy 
 
Tyler Ludens
pollinator
Posts: 9740
Location: Central Texas USA Latitude 30 Zone 8
180
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
Missouri looks like a good place for climate and price of land.  I've also heard Indiana is a good place to look.  Land in my area is super over-priced and not good for farming.    Land far away from cities is usually cheapest.

 
                            
Posts: 158
Location: Abilene, KS
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
It took me five years, so good luck.  I agree, the more rural, the cheaper.  There's cheap land in southern Colorado and SE Kansas, but both come with their own set of problems.  Some areas have trouble with drug running, so as they say, buyer beware.

For me, the biggest headache was finding something within this area that didn't have much in the way of restrictions.  We finally bought a neglected farm that was sandwiched in between farm fields.  It hadn't sold because the well water was crappy.  But with today's technology, I knew that could be fixed.  After a lot of work, we love it here!  And we're still living in a construction zone.  Good luck!
 
                    
Posts: 0
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
A 'fair' price is entirely subjective - if the buyer and seller agree, some say that is fair price. If someone thinks that their land is worth $1,000 per acre, and they are able to sell it for $2,000 an acre, who is that fair or unfair to? If the buyer then turns around and finds gold or oil or sells it to a real estate developer for $10,000 an acre, is that fair or unfair?

Legally, a seller is usually required to accurately represent land that is being sold, including defects. There may a prescribed form for doing the dance of making an offer (which may be legally binding), and for negotiating, accepting and closing the sale. But that is the the extent of fairness in terms of the law - honesty with respect to certain aspects of the transaction, no guidance on the price. 

Another way of defining fair is to look at what comparable land sold for in that area recently. Reasonable from one perspective, but it doesn't always account for differences between 'comparables' or directly determine what sellers are expecting or willing to accept.. it is an average or representative value, an estimate. 

Or we can term it as a ratio of the {value to the buyer} compared to the {cost to the buyer}. If you get something whose value equals or exceeds what you paid for it, that is generally considered a good deal. Unfortunately, while cost is objective (number of currency units something sells for) the value to the buyer is usually partially or entirely psychological and also involves
speculation on a future return (either from use of the land or eventual sale).

In terms of paying as little as possible for land in a given region, you need to know the market, make an offer you consider to be on the low side, and be prepared to have it rejected. If you don't like rejection or simply 'have' to buy a particular parcel, you can offer more. But that is not cheap, guy.
 
marty reed
Posts: 120
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
thank you for the information im going to wait till i get back from over seas to find land i have been pricing it and i think i can find nice peace of land for about 25-35k and i found a great place to pick up 2x4s 2x6 and 2x8s buy the trailer load for 50dollars i know that is way off the subject but im so happy about it i can bust all the lumber for my house for all most free

the cheap guy
 
Walter Jeffries
Posts: 1091
Location: Mountains of Vermont, USDA Zone 3
44
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
Fair price?
For you or for the seller?
The seller's goal is to get the maximum price they can.

Sometimes they have another auxiliary goal of perpetuating farming, etc and they sacrifice some price to achieve that other goal. What do you have to offer that will get that sacrifice?

If what you want is cheap land then buy undesirable land. I bought in the rocky mountains of Vermont. You didn't know the Rockies extended this far east did you. Believe me, these mountains are rocky. As such they are cheaper.
 
Hey, sticks and stones baby. And maybe a wee mention of my stuff:
Video of all the permaculture design course and appropriate technology course (about 177 hours)
https://permies.com/wiki/65386/paul-wheaton/digital-market/Video-PDC-ATC-hours-HD
  • Post Reply Bookmark Topic Watch Topic
  • New Topic
Boost this thread!