Wednesday, November 9, 2016

Understanding The Land Auction Kansas Buyers And Sellers Choose

By David Russell


The public sale of property to the highest bidder has been a proven method since the days of Julius Caesar. Over the years practically everything has come up on the auction block at one time or another. Today many still associate auctions with financial misfortune or estate liquidations, but that is not the case. Huge websites conduct auctions every day, and people buy and sell around the world with the click of a button. More traditional sales are still common, and the type of land auction Kansas buyers and sellers engage in depends on the real estate itself.

When people start looking for property to purchase as an investment, they will be looking at improved or unimproved real estate. If it is improved, it will probably have more value and already be in use in some way. How raw property is developed usually depends on how it is zoned, and this is customarily determined by the county in which it lays.

There are several different types of agricultural land. Some farmers and commercial growers plant row crops exclusively and look for a certain type of acreage when they are in the market for additional real estate. The kind of crops grown in any given region depends on the weather, the soil types, drainage, and levelness of the land. Natural and man made ponds, wells, and pivots add value to the property for sale. Barns, sheds, and other structures usually increase the price as well.

Individuals who are in the business of raising livestock need pastureland. If they are raising the livestock for commercial use, they need plenty of acreage because of the size of the herds they own. Grass fed beef is in great demand in today's market so ranchers are on the lookout for large grazing tracts with reliable water sources.

Timber is a huge business, and large tracts of timberland can be very valuable. This often depends on the type of lumber grown and the age of the forests. Timberland is usually less expensive than agricultural acreage because it serves a different purpose and does not require as much attention however.

Auctions are used every day to sell real estate that is not agricultural in nature. Many improved and unimproved commercial lots have been offered and sold successfully by open bidding. How the property is zoned is important to potential purchases because it restricts what they can do with the acreage. Residential real estate is another type of property auctioneers sell. It may be suited to single family dwellings or condominiums or be of interest to subdivision developers.

Experienced auctioneers can look at most real estate and know fairly quickly whether or not it is suitable for a successful bidding event. They know large tracts often increase in overall value when they are subdivided into smaller ones. The more road frontage the property has the more lots it can be divided into. Improvements such as houses, acreage under pivot, and open acreage can be strategically isolated into tracts to create value as well.

Good auctioneers are experts in getting the most for the sellers they represent. They combine strategic property division and persuasive marketing techniques to bring top dollar and an accelerated sale.




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