Different Types Of Land Auction Kansas Buyers Bid On

djamal-soft الجمعة، 11 نوفمبر 2016
By David Russell


The auction method of selling property has been around for centuries. Many people associate it with some type of distress, such as foreclosure and bankruptcy. Others are more familiar with estate and antique sales. One of these transactions may be held under a huge tent or in a warehouse and another might be an online only event where bidders throughout the world can participate. The land auction Kansas buyers and sellers often attend can offer different types of properties.

Real estate is basically improved or unimproved. Investors often prefer to purchase vacant property because it is affordable and can be developed for many uses. They have to abide by the county zoning regulations when it comes to what the asset can be specifically used for however. Improved property already has been developed in some way and will include whatever improvements have been made and are attached to it.

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.

Ranchers and corporations that raise livestock are often on the lookout for good pastureland. They use these properties to put their animals out to graze. Most of these businessmen want some source of water on the acreage. Any improved structures such as cattle barns and hog pens make the property more desirable for potential buyers.

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.

Even in rural areas, commercial land can come up for auction. The property may be improved with an existing business, or it might be vacant property zoned for commercial or manufacturing use. Agricultural acreage can often be successfully rezoned for residential use as well. When this happens developers interested in building spec houses can be potential buyers.

Auctions can be very successful tools for selling all of these types of properties. Using this method of sale, the acreage is often offered divided into smaller tracts to increase the price for the seller and make the property more attractive to interested buyers who only want a certain amount of land. The real estate can even be divided to maximize the availability of road frontage making it more valuable to certain individuals.

A good auctioneer can evaluate properties in question, do some courthouse record research and come up with plans for their sellers. Anyone interested in obtaining market value and closing the transaction in a sixty to ninety day period should seriously consider this method of sale.




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