Texas land brokerages statewide are seeing buyers from all parts of the world, resulting in record sales in 2021. However, for an individual searching for a parcel of land in this market, the challenges faced are much more significant. To be capable of making any sound financial decision requires time and understanding. In a fast-paced market, an experienced local land agent who understands their product is a precious asset.
Below are Campbell Farm & Ranch’s tips for active buyers who may be struggling in this historically rapid market.
• Understand Your End-Use
• Pay Attention to Time
• Locate a Local Land Specialist
What is the ultimate end-use for the land? Is your goal to generate income, raise a family, hunt, retire, escape, or all of the above? Texas is a large, diverse state with different resources to offer in its 10 Ecological Regions. For instance, in East Texas, the higher annual rainfall provides more animals per acre than in the arid pastures of West Texas. While West Texas has an abundance of underground water, North Texas varies county by county. Hunting follows a similar pattern, with each of the 254 counties providing unique attributes and habitats. Do you desire 15 to 30 deer a hunt or the higher likelihood of a trophy showing up? Or are you a wing hunter that needs to be in the correct flight path for your bird of choice? Understanding these differences in the land requires more than a real estate license or an internet search. Proper understanding requires a desire to learn about the animals and their preferred habitats while also spending enough time in a specific region to utilize that knowledge.
There is not a refund or reimbursement for lost time. Time lost can begin by studying “Sold” listings marked “Active” online or by traveling to a property to realize that crucial details are missing from the information provided. Time spent traveling to a ranch often has a significant influence on how frequently this ranch is visited. The time spent maintaining the land may be a goal for enjoyment or considered work that deters from enjoying the investment. Time is an important attribute that influences many aspects of the final result.
One thing preached here at Campbell Farm & Ranch is working with experienced, local land brokerages in your geographical area of interest. When you use a local agent or broker in your land search, you access a wealth of information not found on the internet or an MLS site. Yet, any worthwhile brokerage should have a modern website with the latest technologies, including HD & aerial photography, interactive maps, and well-written property descriptions. These attributes show that this company has invested in its business and takes a progressive approach to the current real estate market challenges. Next, a thriving agency should have multiple positive reviews across the internet and updated Company Pages on at least Facebook and Instagram. These local farm and ranch agents are often your best sources for locating home builders, supplies or services, and general advice for the area.If you or someone you know would like an expert opinion from a farm and ranch real estate company who has the knowledge and technology, we would love to help.Aurthor:Boone Campbell, Broker