Vacant Land Auctions
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Land sales are strong on the island; Kiawah's development company has reported $450 million in sales in one year. Nexsen Pruet assists the island's only development group with all residential and commercial projects.[1] Land sales are generally held at the end of June. A general mailing list will be maintained for that sale only.[2] Land sales are found, as are sharecropping agreements and fixed rental contracts. Numerous deeds attest to the individual nature of land tenure.[3]
[1] http://www.nexsenpruet.com/practices-area-79.html
[2] http://www.marinettecounty.com/departments/?department=18e4e4e54a43&subdepartment=8777507e637b
[3] http://members.tripod.com/~sondmor/index-9.html
Land sales are reviewed and analyzed by assessors in order to determine location factors. In the absence of sufficient land sale information, assessors estimate the value of the land using an allocation or percentage method.[4] Land sales are off in every price range, averaging 45% less then last year, with overall dollar volume down 31%. We have had a couple of land sales over $900,000 so far this year but generally the numbers are half of the activity we saw last year.[5] Land sales are a prime source of government revenue, and a reduction in proceeds stemming from the auction freeze will aggravate the city's budget deficit. Last year's shortfall was more than $8 billion, or 5% of GDP, and this year's is expected to be even greater.[6]
[4] http://www.dat.state.md.us/sdatweb/hog.html
[5] http://www.taosproperties.com/news.php
[6] http://www.time.com/time/magazine/article/0,9171,388105,00.html
Valuing land is often quite straightforward when the appraiser has meaningful comparable land sales. Real estate appraisers, investors, brokers and other real estate professionals use commercial comparable sales data to make critical decisions.[11] Value itself is therefore subject to change as market conditions change. Land Valuation In order to estimate the Market Value of the subject underlying land, we have given consideration to market data relative to recent sales/listings of similar and/or competitive land parcels located in the general subject area.[12]
[11] http://oconnorcomps.com/whatnew.aspx?pgtype=commercial%20comparable%20sales%20-%20houston.htm
[12] http://www.westga.edu/~mktreal/costapproach.doc
Complicating this picture is the fact that new home construction is almost invariably higher than the current median. Land and building costs have risen dramatically in the past few years, and builders are constructing larger and more expensive housing to meet the direction that the Sedona market is heading.[13] Compared to urban areas with cookie-cutter tract homes, we have a relatively low volume and wide variety of sales. Many rural properties are unique, not frequently bought and sold, or simply defy comparison.[14] Computer programs apply standard land rates, building costs, and depreciation factors by neighborhood, style and grade of construction, and building condition. [15]
[13] http://www.sedonagreenhome.com/192859.html
[14] http://www.chetboddy.com/pages/costapproach.html
[15] http://www.co.thurston.wa.us/assessor/process-residential.html
Companies and individuals may find Nevada land for sale by contacting a real estate agent. Agents will likely know sellers who have listed their properties with the agency, or they may be able to direct buyers to an agent that specializes in land sales.[16] Companies were closing shop or leaving Singapore in droves. Indeed, our first office (and most of the office furniture) was inherited from a failed dotcom company - and there were many then.[17] Companies generally have about five years to do something with their land and they also have to secure surface rights to drill (say in the middle of some farmer?s field or similar). In the oil sands, tenure lasts longer, generally 15 years.[18]
[16] http://www.val-u-corp.com/articles/nevada-land.html
[17] http://www.ni.com.sg/media_release_20070110bt.asp
[18] http://www.tarsandswatch.org/albertas-vanishing-take
Purchases are not as highly leveraged. Farm income has been at record or near-record levels in the past several years, but land sales are not driven solely, or even mainly in many areas, by farm expansion.[23] Purchase contracts say the firm would organise planning permission and that all individual plots must be sold together to a housebuilder. These sites are generally either in green belt land or are protected from development in some other way.[24] Purchasers should verify availability and any detail of importance prior to viewing and purchase. These particulars are not an offer or contract.[25]
[23] http://www.usatoday.com/money/economy/housing/2006-03-09-farmland-usat_x.htm
[24] http://www.guardian.co.uk/money/2006/aug/05/alternativeinvestment.moneysupplement
[25] http://www.uklanddirectory.org.uk/building-land-plot-sales-lincs.asp
Urban consolidation and land-use mix is the only way to go - jobs and dwellings need to be planned together! [32] Urban plans can also contribute to variations in land values, both directly (indicating the type of activity that can be carried out) and indirectly (modifying access costs to central areas and encouraging the spread of building). [33]
[32] http://www.news.com.au/couriermail/story/0,23739,22558828-3102,00.html
[33] http://www.fao.org/sd/ltdirect/lr972/w6728t04.htm
