Posts Tagged ‘Buying Land’

Hacienda Pinilla Announces Auction to Secure New Owners, Fund Foundation

Tuesday, August 21st, 2012

August 21, 2012 (KANSAS CITY, Mo.) – Agroganadera Pinilla, S.A., the owner of Hacienda Pinilla Beach Resort and Residential Community, Guanacaste, Costa Rica, announced today that it will offer qualified investors and developers a unique opportunity to participate in an auction of the Hacienda Pinilla to accelerate the realization of the vision for the project. Additionally, net proceeds from the newly invested capital will be used to permanently fund the operations and charitable work of Guanacaste Ventures U.S., Inc., and its counterpart foundation in Costa Rica, Fundación Progreso Guanacaste, each established by Mr. H.G. (“Pat”) Pattillo, majority shareholder of Agroganadera Pinilla, S.A., to continue the work of the foundations focused on education, healthcare and affordable housing for the people of Guanacaste.

“For over 40 years, I have been blessed and enriched by the opportunity to be part of the Guanacaste community and feel as strongly now as ever about the importance of investing in its future. As I advance in my years, it is important for me to make certain that the work of the foundations continue after I am no longer able to personally ensure that funds are available for continuation of the foundations’ operations. It is our intention to secure a new investor for the project as soon as practical so that we can build on the work of the foundations, which has included the improvement or repair of over 45 schools in Guanacaste, local medical assistance, construction of affordable housing, and scholarships for Guanacaste young people to attend universities in the U.S. It is also important that we continue to build value in the project for the benefit of those that call Hacienda Pinilla home” said Mr. Pattillo, an entrepreneur and philanthropist from Decatur, Georgia.

United Country Real Estate, a premier global real estate brokerage and auction company specializing in marketing distinctive, investment grade real estate assets, has been engaged to assist Agroganadera Pinilla, S.A. to market the project to qualified investors internationally in cooperation with David Pinsel, Managing Director of Colliers International North Texas, and Patrick Duffy, President of Colliers International Houston. The property will be offered to the highest bidder subject to seller confirmation of the offer.

“The newly-renovated international airport – only a 45-minute drive from the project, with increased daily flights and passenger traffic – puts Guanacaste is on the ‘short list’ for global tourists and retirees. Hacienda Pinilla is the premier established resort in the area and combines all the amenities and convenience expected of a world class destination resort community and the best of what the Costa Rican lifestyle has to offer,” said Mr. Dan Duffy, Chief Executive Officer, United Country Real Estate. “There is a reason why the developers of the recently opened J.W. Marriott chose to build on this property. They were secure in the fact that the extensive in-place infrastructure, comprehensive permitting and extensive amenities which include a Mike Young designed 7,300 yard masterpiece 18 hole golf course, beach club and spa, fine dining, equestrian facilities, Certified Audubon International Sanctuary and world class white sand beaches would drive interest in their property…and they were right” added Mr. Duffy.

“Due to the scale of what is being offered to the market, approximately 4,450 acre master-planned and permitted communities and the unique opportunity for investors and developers to invest in a one of a kind project with exceptional infrastructure and “turnkey” operations, Hacienda Pinilla will be offered both in carefully articulated development parcels and in its entirety,” said Mike Jones, President, United Country Auction Services. “We are already receiving exceptionally strong interest in the project. With multiple beach and ocean front, golf course and mountain hotel and residential development tracts, equestrian ‘ranchette’ communities, retail and mixed-use sites there is really something for every developer serious about being part of a truly unique development opportunity in an exceptional part of the world.”

United Country Real Estate is the principal broker and auctioneer representing the seller for this offering in cooperation with Colliers International. Interested parties are welcome to visit www.HaciendaPinillaAuction.com or call 1-800-444-5044 or 1-816-420-6253 to learn more about the investment opportunities at Hacienda Pinilla.

About Guanacaste Ventures U.S., Inc., Fundación Progreso Guanacaste and Hacienda Pinilla

Guanacaste Ventures U.S., Inc., is a private non-profit organization dedicated to improving education, health and housing in the Americas. In cooperation with its sister foundation in Costa Rica, Fundación Progreso Guanacaste, Guanacaste Ventures U.S., Inc., has provided scholarships to Costa Rican students from the region of Guanacaste for use in attending U.S. colleges and universities. The foundations were established in 2005 by Mr. H.G. (“Pat”) Pattillo, the majority shareholder of Agroganadera Pinilla, S.A. The original idea was to use profits garnered from the Hacienda Pinilla Beach Resort and Residential Community to improve the lives and offer educational opportunities of the citizens of the Guanacaste region of Costa Rica. The foundations have used these funds to build and renovate numerous schools and houses, and to fund educational and healthcare initiatives, as well as provide scholarships, every year since its inception.

About United Country

United Country Real Estate is the largest fully integrated network of conventional and auction real estate professionals in the United States and Central America. The company has been an innovator in real estate marketing since 1925. United Country supports nearly 550 offices across the U.S., Costa Rica, Panama and resort areas of Mexico, with a unique, comprehensive marketing program that includes one of the largest portfolios of property marketing websites (more than 3,000 separate sites and traffic of approximately 3 million visitors per month), multiple United Country real estate catalogs with national distribution , an extensive buyer database and national advertising of local properties that reaches more than 90 million homes per week. United Country has recently been recognized by Franchise Business Review, AllBusiness.com, The Land Report, Entrepreneur and The Wall Street Journal as one of the top U.S. real estate companies.

About Colliers International

Colliers International is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 522 offices in 62 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International the top U.S. real estate company. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

Foreign Investment in US Ranch and Land Markets

Thursday, August 2nd, 2012

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.

Landowners And Wildlife Management

Thursday, April 12th, 2012

Wildlife management involves the employment of scientific knowledge and specialized skills for defense, conservation and management of wildlife in addition to their habitat. It is an interdisciplinary issue which includes biological, technological, social, economical and legal issues. Wildlife management requires expertise in species ecology, biology, behavior, and physiology of wildlife populations. Also, wildlife management studies, research and lobbying by special interest groups assist in selecting times of the year when certain wildlife species can be legally hunted, making it possible for surplus animals to be removed.

Early wildlife management projects focused on protecting against unregulated fishing and hunting for commercial markets. Modern wildlife management shares a few of the same goals and new methods are available for use by managers. It incorporates many of the concepts and uses of modern forest and habitat management with a thorough understanding of wildlife biology, ecology, and behavior. Wildlife Management demands lots of direct, hands-on experience.

A properly prepared wildlife management plan reads just like a recipe that landowners can follow to attain their wildlife management goals. These plans result in the establishment of trophy game populations, and may be used by landowners to obtain wildlife management property tax exemptions or managed lands deer permits in certain states. A carefully designed plan provides for a logical method for using a variety of habitat improvement practices and will often list wildlife management activities with the appropriate seasons and the sequence of events. Landowners should also consider how their wildlife management goals fit with other land use objectives for example farming or timber operations.

Components of a good wildlife management plan include:

1) Land management objectives and goals

2) A resource inventory

3) Site specific habitat improvement recommendations

4) A schedule for executing management practices

5) Documentation and assessment of management efforts as well as their impacts on wildlife habitat.

The rise in private wildlife management, along with the latest trend toward more non game management (often involving more general funding), will have important effects. Intangible benefits from wildlife management may include the joy created from observing wildlife, the pleasure of providing desirable habitat species and the satisfaction from receiving acknowledgement for conservation efforts. For example, an owner may implement a wildlife management plan to enhance wild bird populations and also operate a business in which birdwatchers stay on the land overnight and observe birds during the day (known as a bird-and-breakfast operation).

Landowners are among the best wildlife managers. They have an interest in making certain the wildlife and habitat is managed and maintained at a high level. Visit a local landowner and inquire about their wildlife and habitat management and many times the landowner share with you with great pride what they’ve done to enhance the habitat and wildlife populations.

Want to find out more about Wildlife Management, then visit Open Fences to find the best Wildlife Manager for your hunting property.

Wind and Wind Rights

Wednesday, April 4th, 2012

Wind is an energy source to be used by consumers along with gas, coal, hydropower and nuclear energy. It is an example of kinetic energy, and some of that kinetic energy can be adapted into electricity and can be harnessed to make mechanical power as well. It is mathematics, art, power and science all at the same time. Power produced by wind must be integrated into and compatible with the existing electric power network grids.

Wind power is developing most rapidly in states with policies that facilitate the growth of renewable power technologies. Wind Energy has been met with some resistance, however it is the fastest growing source of energy in the world and is inexhaustible and non-polluting. It is one source of renewable energy that is being used more often and has seen a large increase in prevalence during recent years. Wind Energy is a clean and renewable source of electricity, but it is not constantly available at a steady rate. It is very abundant in many parts of the United States and is one of the oldest forms of energy used to supplement human muscle using wind turbines.

Wind rights are established by the wind energy corporation with a property owner where a wind turbine will be installed by way of a lease agreement. Wind rights and access to natural wind flow raise important legal issues, policy questions, opportunities, and financial risks for landowners and their neighbors, as well as for wind facility developers. In general wind rights leases cover all or most of your property, not just the space the turbine will sit on, unless your contract specifies otherwise. Valuation of wind rights, various types of legal agreements, contract drafting and different legal aspects are addressed when dealing with a client looking to sell his wind rights or a property that has a Wind Rights Lease, as opposed to a client looking to develop a wind farm.

When you lease your wind rights, you may end up with some restrictions on how you can enjoy or use your own property. Contracts regarding wind rights must be written to protect the landowner, yet also give wind power developers incentives to construct wind farms. The average suggested wind rights lease is 25 – 30 years but some are written for much longer. Your decision to lease the wind rights on your property may dramatically impact your ability to sell your property or develop other uses for it. Careful consideration must be taken when leasing or selling your wind rights. Wind rights are going to be as valuable as mineral rights and water rights in many areas and therefore should not be taken lightly.

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.

Is it Safe to Buy Land on Ebay?

Monday, July 27th, 2009

Buying land on Ebay is just as safe as buying land from any other source as long as you do your due diligence. Regardless of where you buy land, you always want to make sure that you use competent professionals (ie. brokers, attorneys, title companies, etc.) to help you with your due diligence. Never buy land site unseen. Even if you have seen photos of the property. Pictures are worth a thousand words but pictures also lie. It is too easy to present a property in the best light and leave out glaring faults using pictures.

It is always best to physically inspect the property. You can always put land for sale under contract with contingencies for inspection, financing, and other  diligence concerns such as environmental considerations, zoning, tax implications, etc. This is where having good professionals assisting you pays off. They are familiar with issues that might arise when buying land. Also, just because land is for sale and listed by a licensed broker dos not make it safe to assume that the property does not have issues that can cause you headaches or even legal issues in the long run.

When buying land, whether it s on Ebay, through a broker or through private treaty, always protect yourself by using competent professionals, doing your due diligence, and physically inspecting the property. If you follow these three simple tips you will save yourself a lot of headaches.

Best of luck and Happy Buying!