Posts Tagged ‘auctions for land’

What Is A Conservation Easement?

Tuesday, April 24th, 2012

What Is A Conservation Easement?

Conservation easements convey a lawful interest in land where the landowner gifts or sells rights to a qualified entity like a land trust. The landowner retains full ownership with restrictions on activities they can do on the property. The landowner as well as land trust negotiate the restrictions and constraints that will be placed on the property. Conversation easements are voluntary negative easements, legally binding constraints on the usage of land for conservation, environmental, or historic purposes. They are granted in perpetuity and pertain to the land no matter who may own it in the future.

Landowners can sell or bequeath property that is covered with a conservation easement. Conservation easements can assist landowners in conserving their land, wildlife habitat, scenic areas or historic buildings. They are designed to satisfy the site-specific needs of the individual landowner and land trust. Conservation easements may also provide landowners with gift and property tax benefits.

Conservation easements might involve expenses for items including legal fees, survey and appraisal costs as well as other professional services. They are generally not a one-size-fits-all proposition. Landowners will have to completely understand the conservation easement and the benefits and limitations before signing. Numerous landowners didn’t have a full comprehension of what they were undertaking and therefore are now remorseful of having placed a conservation easement on their property.

Conservation easements are hard to draft and are costly to monitor and enforce over time. The land trust also must continue to keep track of the property to ensure that the landowner is not violating its terms. Landowners are notified when the land trust will be inspecting the property and the land trust has a legal right to enter the property. The land trust must also defend the conservation easement if legal action needs to be taken.

Conservation easements will become a more and more important conservation tool in the 21st century which will have significant benefits including better water and air quality as well preservation of natural resources. Landowners will hopefully educate themselves concerning the advantages and limitations of conservation easements to help make informed decisions. It is critical that landowners possess a full comprehension of what a conservation easement does and does not allowed them to do. Otherwise it is a recipe for conflict concerning the landowner and the land trust. If you’re searching for land for sale and locate a property that you might want that has a conservation easement, be sure to seek a professional who has an understanding of conservation easements so that you have a full comprehension of it before buying the property.

Learn more about Conservation Easements. Stop by Open Fences’ site where you can find out all about land for sale and the best property for you you.

Can I Buy Land that is Not Listed by a Broker?

Wednesday, July 29th, 2009

As my grandfather use to say, “Everything is for sale. Just depends on how much you are willing to pay”. If you are looking for farms, ranches, or acreages for sale there are many sources other than Real Estate brokers. You can look on Ebay, FSBO websites, and auction websites. You can even approach property owners directly.

Suppose you know of an area that you would like to by a farm, ranch, or acreage. You can go to the courthouse or tax assessor and determine who the owners are of property in the area that you are looking. It is also good to visit with the tax assessor. You will be surprised at the information you can harvest from the locals that will help you in finding the owner most likely to be open to selling and their motivations. This will help you in your negotiations as well.

Another good source is auction companies. There are many companies that specialize in auctions for land. Auctions are a good place to pick up deals but you have to be willing to do your homework. You also need to keep from becoming emotionally motivated and stick to your budget. You must realize that you only want to purchase the property for the specific amount that you set prior to the start of the auction or less. It is too easy to get caught up in the excitement of the bidding and lose track or to let your emotional desire to purchase the property take over and you end up paying more than you should. You need to be willing to walk away if you cannot get the property bought for your set price or less.

Keep in mind that if you are not able to find property that fits your wants and needs through brokers there are other sources but you have to be willing to do some work.