How Does Selling Land Work?

Selling Land -John Hall & Company

Welcome to the John Hall and Company Selling Land in Alabama series part two. Today, agent and land expert Hoke Smith shares “How Does Selling Land Work?”

Selling land can be intimidating or even a foreign concept to those who have never sold a property. Selling land can be complicated, but it doesn’t have to be.

The following information is for those who ask themselves the questions:

“Where do I even begin?

“What are the steps I need to take in order to acquire the best value I can for my property?”

John Hall and Company agents are here to answer your questions. Above all, to provide you with the knowledge and confidence you need to make educated decisions. Ultimately, it will benefit you at the closing of the sale.

Know What You Have to Sell

Firstly, the landowner needs to know what they own. A good understanding of what your property has to offer is necessary to maximize the monetary value.

The location of a property can make a big impact on a property’s value. Depending on the location, the demand may be higher or lower than in others areas.

Clearly, identify the best use for the property. Is it a potential development property, a home site, timberland, agricultural property, recreational property, or a combination of these?

John Hall and Company is happy to help landowners wanting to sell their property understand the different aspects that will affect their property’s value. We do this by offering what we call a Brokers Opinion of Value or “BOV”. To see if you qualify to receive a complimentary BOV, complete the form here…

Know the Value of the Land You Have to Sell

Secondly, after you have listed all the aspects and potential for the property identify the value of each aspect. This is where you will need assistance.

John Hall & Company is here to give our professional opinion with data to back up our statements. In addition, we have an extensive list of professionals who can value the individual characteristics of your property to help come up with a total value for the property. Resource contacts include certified foresters who can provide timber values and appraisers who can put together an official appraisal of your property. We use recent sales of properties that are similar to yours and in the same area to identify what other properties are selling for.

Click here to learn more about our free “Broker’s Opinion of Value” we offer future clients.

Know Your Sells Broker

Once a landowner has a good grasp and understanding of their property, the next question is “How do I sell my property”.

Thirdly, look for a firm that specializes in what you are selling. Real estate brokerages that are specifically catered to selling properties similar to yours are who you need to hire.

  • Home to sell? A residential real estate agent may be your best option.
  • Commercial building, such as office space? It would be most beneficial to seek a commercial real estate brokerage.
  • Recreational hunting property, timberland property, farm, or another type of rural property, with or without a house? A real estate brokerage that specializes in the specific category (such as John Hall & Company) would your best investment is selling.

How Does Selling Land Work?

We encourage sellers to reach out to us and let us teach you how selling land in Alabama works. We want you to ask as many questions about our company and people as possible. You need to know us. Moreover, we want you to feel you can trust and depend on us to represent you and your property.

Buyers for land in Alabama come from all over the country. John Hall & Company’s marketing strategies are put in place to make sure that we are able to gain maximum exposure and in front of potential buyers.

Know Your Marketing Plan

Once you identify the broker, the next step is listing your property on the market.

A sales plan is put in place and an initial listing price is established. Next, the real estate brokerage compiles all of the marketing materials and begins to advertise the property. Ask to see monthly marketing reports on the traffic your listing is receiving through website views, phone calls, emails, etc.

When offers come in, that is the time to consulting with your listing agent and listen to their opinion. It is your real estate agent’s duty to represent you with your best interest in mind. Because your agent has knowledge of the market and experience in negotiating deals, they will have insight on how to navigate through the negotiating. In turn, getting you a contract and is beneficial and pleasing. That real estate agent should work with you. Keeping you updated through the due diligence period of the contract and on to closing.

Know Our Number

Selling land can be complicated, but it doesn’t have to be. The best advice for a landowner looking to sell their land is to find a real estate brokerage that specializes in selling property such as theirs. They should find an agent they can trust and depend on to represent with their best interest in mind.

The end result should be you, as a seller, getting up from the closing table knowing that you got a good deal in a timely manner!

-Hoke Smith

Selling Land in Alabama – How Does Selling Land Work?

Welcome to the John Hall and Company Selling Land in Alabama series.  This is part two in the series. Go here to read, part one written by Pete Hall

Selling a piece of property can be an intimidating or foreign concept to some landowners who have never sold property before. The following information is for those who ask themselves the question “where do I even begin” or “what are the steps I need to take in order to acquire the best value I can for my property”. We at John Hall and Company are here to provide you with the knowledge and confidence so that when you are selling a property, you know you are making educated decisions that will ultimately benefit you come the day of closing.

The first thing a landowner needs to recognize when deciding to sell their land is the understanding of what they own. It may sound simple, but when trying to maximize the monetary value that can be received a good understanding of what your property has to offer is necessary. Understanding what the property has to offer can be identified in several different ways. The location of a property can make a big impact on a property’s value. Depending on the location, the demand may be higher or lower than others areas. What is the best use for the property? Is it a potential development property, a home site, timberland, agricultural property, recreational property, or a combination of these? John Hall and Company is happy to help landowners wanting to sell their property understand the different aspects that will affect their property’s value. We do this by offering what we call a Brokers Opinion of Value or “BOV”.

The next question a landowner may have is “how do I value these different aspects of my property?” This is where you will need help. John Hall & Company is here to give our professional opinion with data to back up our statements, but we also have an extensive list of other professionals who can value individual characteristics of your property to help come up with a total value for the property. We have contacts such as certified foresters who can provide timber values, certified appraisers who can put together an official appraisal of your property, or we can use recent sales of properties that are similar to yours and in the same area to identify what other properties are selling for.

Once a landowner has a good grasp and understanding of their property, the next question is “How do I sell my property”. Real estate brokerages that are specifically catered towards selling properties such as yours are who you need to be looking into. If you have a home you want to sell, then a residential real estate agent may be your best option. If you are selling a commercial building, such as office space, then it would be most beneficial to seek out a commercial real estate brokerage. If you are selling a recreational hunting property, timberland property, farm, or other type of rural property even if it may have a home on it, then a real estate brokerage that specializes in that category (such as John Hall & Company) would be who you need to seek out. We encourage Sellers to ask as many questions about our company as possible so that you know we can be trusted and depended on. We want you to know that we are here to represent and serve you as our client in your best interest. Buyers for land come from all over the country. John Hall & Company’s marketing strategies are put in place to make sure that we are able to gain maximum exposure and in front of potential buyers.

After you have identified as real estate brokerage that you would like to represent you, the next step is listing your property to put on the market. A sales plan needs to be put in place and an initial listing price needs established. Once the real estate brokerage compiles all of their marketing materials and begins to advertise the property you may want to ask them to provide a monthly report on the traffic your listing is receiving through website views, phone calls, emails, etc. Upon receiving an offer(s) it would be beneficial to consult with your listing real estate agent and listen to their opinion. It is your real estate agent’s duty to represent you with your best interest in mind. Having knowledge of the market and experience in negotiating deals they will most likely have a good insight on how to navigate you through the negotiating and in turn ending with a contract and that is beneficial and pleasing to you as the seller. That real estate agent should then work with you and update you through the due diligence period of the contract and on to closing.

Selling land can be complicated in some situations, but it doesn’t have to be. The best advice for a landowner looking to sell their land is to find a real estate brokerage that specializes in selling property such as theirs. They should find an agent they can trust and depend on to represent with their best interest in mind. The end result should be you, as a seller, getting up from the closing table knowing that you got a good deal in a timely manner!

-Hoke Smith

 Click here for part three of this series, written by Josh Hall, “Selling Land in Alabama-  What is My Land Worth”

Click here for part four of this series, written by Robert Smith, “What Does it Cost to Sell Land in Alabama?”

Click here for part five of this series, written by John. E Hall, Jr, “Preparing Your Land To Sell to a Recreational Buyer”

Land – Safe Haven Asset

“Last month, the LANDTHINK Pulse posed the following question to our audience: When the stock market becomes volatile, how likely are you to invest in land?

Our informal online survey revealed that 40.6% of respondents are VERY LIKELY to invest in land amid stock market uncertainty. The stock market has responded to the COVID-19 pandemic with worrying volatility. As fears around the coronavirus spread across the global economy, investors are looking for the calm in the coronavirus storm and are moving out of stocks and into safe haven assets like land.

Many people’s hard-earned investment portfolios have already taken a beating. Stock markets around the world suffered historic losses in the first three months of the year; the S&P 500 lost 20% during the quarter, its worst since 2008. The Dow Jones Industrial Average saw its biggest quarterly drop since 1987, plunging 23%. The global turmoil has investors seeking out safer, non-traditional ways to diversify their portfolio.

For those who prefer a more stable, consistently rewarding avenue of investment, land real estate could be the answer. There are good reasons you should consider it in your portfolio:

Limited Supply and Increasing Demand
There is a finite amount of available land making it a very attractive commodity in a world where the population continues to increase exponentially. If you choose to invest in a growing area, land will become even more scarce and therefore, more valuable. Remember that smart investors invest for the long haul. Land is not liquid. Investing in land can tie up your liquid assets until you’re able to sell the property, but if you’re in the market for a solid, long-term investment, it’s worth the consideration.”

-Landthink

FULL ARTICLE

https://www.landthink.com/pulse-amid-stock-market-storm-land-safe-for-investors/

Selling Land in Alabama

Welcome to the first part of a series entitled Selling Land In Alabama. In this first article, we discuss the John Hall and Company Advantage when it comes to selling land across Alabama. Pete Hall outlines why hiring one of our agents gives you a good return on your investment

At John Hall and Company, we have one simple goal for selling your land. We endeavor to command the highest possible return on your investment. That is to say, we market to a class of buyers who are willing to pay a premium for the time, effort, and stewardship you have poured into your property.

A Family Land Legacy

Selling land is not just a job to me and our agents. It is a call. Moreover, serving our clients is our reward.

I am a 4th generation landowner.  My great-grandfathers shaped my values and love for the land. One great-grandfather farmed cotton and owned a cotton gin in North Alabama. The other great-grandfather bought acreage for his timber and cattle operations in Montgomery County. My father, John Hall, was raised on property outside of Montgomery. He taught his three sons to hunt and care for the land. Certainly, the lessons we learned through conservation and good stewardship fueled our passion for the land.

Selling Land In Alabama Is Our Passion

John Hall started our company 35 years ago upon the foundations of INTEGRITY, SERVICE, and THE GOLDEN RULE

From the beginning, my father hired specialists whose passion reflected his own. Our agents adhere to the core values he outlined so many years ago. Both our staff and clients benefit from the legacy my father established from 35 years in commercial real estate. Likewise, the relationships of goodwill he cultivated with landowners and everyone in the industry have made us the company we are today.

Clients have a significant advantage using our first-hand understanding of all types of land transactions in Alabama. We have decades of experience selling:

  • Hunting plantations
  • Timber investments
  • AG and cattle land
  • Conservation easements
  • Mini-farm
  • Land investments

We know what it takes to make our clients succeed in selling all types of properties in Alabama.

The Right Real Estate Agent Is Important

After deciding to sell your land, the most important decision you will make is the Real Estate Broker you hire. Currently, the industry is overcrowded with corporate land companies hiring weekend warriors or anyone willing to get a real estate license to sell land. The industry has lost its heart and soul. You deserve a real land specialist with the local market knowledge and technological marketing expertise. And, you deserve the difference that results from using John Hall & Company. 

Choose An Agent Who Knows The Local Market

There are a host of influences that can affect your property’s market value. Some influences you can control, but others you cannot control. You may not be able to choose the timing you sell or costs like pine pulpwood.  However, a good broker is one who has a firsthand understanding of the market. They assess all the variables on your behalf. 

Who sells your land makes a direct difference in your net profit.

At John Hall and Company we understand the significance that the power of information has on your net profit.

Click here to learn more about our free “Broker’s Opinion of Value” we offer future clients.

3 Advantages to Hiring JHC to Sell Your Land in Alabama

Firstly, our agents have an intimate familiarity with the markets we serve. We put boots on the ground. 

Secondly, we understand there are outliers and characteristics of certain properties that are rarely taken into account by most brokers and appraisers. For instance, there are certain areas where we find micro-markets within the same county.  This allows us to justify a much higher bare land value than another property.

Examples include:

  • Soil- Better soil on the land will produce better food sources and ultimately, bigger wildlife.
  • Location- The Bird Dog Field Trials started in 1920 in Union Springs have influenced the value of the properties in the area. Over time, the Field Trials attracted a wealthy clientele of purchasers willing to pay a premium in this coveted area.
  • Surroundings- A seller may own a smaller hunting tract. However, their land is surrounded by larger landowners who manage their plantations for trophy wildlife. This increases the value of the hunting land.

Lastly, we help sellers take into account higher building costs. Including, permitting issues associated with creating a lake and other amenities.

These are just a few of the areas we take into consideration with assessing the land’s worth and determining the market value. We justify the best price possible for your property.

Relationships and Data Matter

We have relationships across the state within the real estate and land industry. My father has over 35 years of investing in Alabama by treating people fairly and running our business with intergity. In addition, our trusted relationships with appraisers and financial institutions allow our clients to get excellent customer service throughout the selling process.

John Hall and Company has an incredible database of comparable sales that we have collected from transactions spanning three decades. The data, knowledge, and experiences give us an advantage over other brokers and agents. Most importantly, when negotiating a price we have the years of data to justify it.

Holistic Marketing Plans

The biggest tool in our arsenal is our holistic marketing plan we have implemented to help identify and target buyers. Quite simply, our strategic reach is second to none. We are continually educating ourselves to remain on the cutting edge. Marketing in this day and age is constantly evolving. After creating a personalized brochure of our client’s land, we advertise the listing on a host of aggregator websites. This provides us the opportunity to expose your land on a local, regional, and national level.

Digital marketing is important, too. We attract the right buyers by utilizing social media campaigns, Search Engine Optimization, drone videos, and interactive mapping software. In addition, newly listed properties are blasted out via email. The email blast reaches thousands of past clients and persons interested in acquiring land. Plus, every land broker and residential agent in the state receives a copy of the marketing brochure. We encouraged them to bring all offers to the table for consideration.

Start Today

Our agents love the land and understand that the value of investing in land is more than financial. Memories are made for a lifetime. Families pass down their values through hunting and good stewardship. This cannot be measured in dollars and cents. Subsequently, the financial gain that results from investing in a hunting plantation is realized when the land is sold.

In conclusion, when it comes time to sell your land you can trust John Hall and Company to guide you from the initial assessment through closing. I welcome you to take advantage of our knowledge and unique skill set in order to maximize your investment. Call me today to get started with John Hall and Company.

-Pete Hall, (334) 312-7099

Read additional articles in this series:

 How Does Selling Land Work? by Hoke Smith (Part 2: Selling Land In Alabama)

Selling Land in Alabama–  What is My Land Worth? by Josh Hall (Part 3: Selling Land in Alabama

What Does it Cost to Sell Land in Alabama? by Robert Smith (Part 4: Selling Land in Alabama)

Preparing Your Land To Sell to a Recreational Buyer by John. E Hall, Jr (Part 5: Selling Land in Alabama

Alligator Season Registration opened June 2

“Alabama will celebrate its 15th alligator hunting season in 2020 as a remarkable recovery story continues for the American alligator.

Early in the 20th century, alligators in the U.S. had diminished to alarming numbers. Unregulated alligator harvest during this time prompted Alabama to protect the animals in 1938. In 1967 the U.S. Fish and Wildlife Service listed the American alligator as an endangered species.

“Alabama was one of the first states in the Southeast to protect alligators,” said Chris Nix, Alligator Program Coordinator with the Alabama Wildlife and Freshwater Fisheries (WFF) Division.

Conservation efforts by the affected states allowed the alligator population to rebound so that by 1987 it was removed from the Endangered Species List but continued to be a federally protected species.

Alabama’s alligator population has grown to the point that it can sustain a limited harvest, allowing state residents a new and exciting opportunity. WFF officials decided to start with limited access and increase the opportunities when possible.

“I had joined Wildlife and Freshwater Fisheries two months before that first season in 2006,” Nix said. “We had 50 tags that year, and the hunting area was strictly the Mobile-Tensaw Delta. The south border was the Causeway; the northern border was the CSX Railroad; the west border was Highway 43, and the east was Highway 225.

“It was a very small hunting area that first season. The reason is that managing alligators is a lot different than managing white-tailed deer or wild turkeys. If you overharvest deer one season, they can rebound from that pretty quickly. Alligators are not like that. It takes a lot longer for alligators to return to previous populations.”

While maintaining the integrity of the alligator population was the cornerstone of the conservation efforts, WFF surveys showed the hunting opportunities could be expanded to other parts of the state.

Registration for the 2020 alligator season opens June 2 and runs through 8 a.m. July 8. A total of 260 tags will be issued in five hunting zones.

Registration is $22 per zone, and individuals may register one time per zone. Selected hunters and others accompanying or assisting in any vessel are required to have a valid hunting license in their possession while hunting.”

Click here for the full article

By DAVID RAINER, Alabama Department of Conservation and Natural Resources

Vertical Farming, is this farming’s future?

“With the world’s population projected to reach 9.7 billion in the next 30 years, having a stable reliable food source is more important than ever before. With land suitable for farming running low, a new concept of growing food indoors has caught on in the past five years. It’s called vertical farming and the idea is to produce more crops on smaller areas of land, vertically.

The definition of vertical farming is simple. Instead of growing crops in a single layer across a large area of land, crops are grown in enclosed structures stacked on top of each other in an attempt to save space and produce food in challenging environments. It uses a mixture of LED lighting and natural light and won’t need soil. Instead, it is done hydroponically, or using mineral nutrient solutions in a water solvent, to reduce the weight and eliminate water run-off.”

Click below to read the rest of the article:

https://www.landthink.com/the-future-of-farming-vertical-farming/

written by: United Country Real Estate