Never heard the term Exurbia before? Sunday May 16 Rural KC real estate is sponsoring a unique “Exurbs Open House” event at two locations. What are exurbs you ask? Merriam Webster defines them as “a residential area outside of a city and beyond suburbia”, Bill Gaughan a senior partner with Rural KC, says that exurbs are characterized by a country lifestyle that’s still within easy commuting distance of the city.
Gaughan himself lives in just such a development and thinks it is a great lifestyle that not too many people know is possible. Rural KC is hoping that having an open house at a couple of these developments today will introduce the Exurbia concept to some city residents who might not know it is both affordable and convenient. Exurbs are perfect for city residents who want to live in the country but didn’t think it was possible. So today open houses will be held at two outstanding developments that exemplify this concept, one on the Kansas side and one on the Missouri side.
Both of these developments will be open Sunday from 1 to 4. They will offer tours and additional information about the developments. At both developments the developers themselves will be on hand to ask any specific questions.
At Whispering Oaks Subdivision immediately south of Archie Missouri the emphasis is on affordable yet quiet living among towering timber. The building lots are 1.3 acres, all of the lots back up to a gentle creek and have huge mature trees on them. Roughly half of the home sites are completely encased inside the woods while the remaining building sites are half in and half out of the timber.
Whispering Oaks is perfect for those wanting to raise kids in the country who thought it was beyond their means. Whispering Oaks is also a great place for empty nesters wanting to dial back their lives to a more secluded quiet life, but didn’t want a huge lot to maintain. The beginning point for tours at Whispering Oaks will be a model home at the development.
Drew Parks who is the developer of Whispering Oaks is also a builder and offers a variety of potential homes designed to blend in well to this terrain and yet still be extremely affordable. Whispering Oaks can offer a new home on wooded secluded lots and still be under $175,000. Parks also welcomes buyers to bring their own builders as the reasonable restrictions protect all homeowners. Whispering Oaks can be found by taking Highway 71 to the Archie Exit, go straight through town west to Butcher Street. Then go South on Butcher Street to 355th, then right to the property on the left.
At the Crimson Ranch development just south of Hillsdale Lake near Paola Kansas the emphasis is on an active lifestyle. Crimson Ranch features lots ranging from 3 to 16 acres but the lots are just part of the story. All lots at Crimson Ranch are adjacent to over 24 acres of common ground. The common ground includes over 1 ½ miles of riding/hiking trails, three stocked ponds, great views, springs, and trails through the timber. Horses are welcome at Crimson Ranch. During the open house Crimson Ranch will feature Hay rides and fishing for the kids.
While the developers of Crimson Ranch (Dyers and Reynolds) aren’t builders they do live at Crimson Ranch and live there because it’s the kind of lifestyle they love. They say Crimson Ranch is perfect for the active family who loves the outdoor lifestyle. If hiking, riding, fishing, or taking advantage of Hillsdale lake only 3 miles away appeals to you, Crimson Ranch is perfect.
At Crimson Ranch you can bring your own builder as the reasonable restrictions protect home owners and the association maintains the common ground. To find Crimson Ranch from Olathe go south on Hwy 169 to K-68 then west to Old KC Road ( at the roundabout) then south to 287th W. then west approximately 4 miles to Montrose road on the right.
Rural KC a Real Estate Team specializing in the marketing of rural and country properties continues to bring creative marketing ideas to rural real estate. Rural KC has sponsored such unique events as seminars for buyers wanting to invest in cropland, developed a web site www.RuralKC.com, just for marketing country property and maintains a blog at the web site just for issues about rural real estate and all things county.
Rural KC specializes in country Homes, country homes sites, hunting property, farms, and ranches. Rural KC markets real estate and represents buyers in all parts of Missouri and Kansas. The Rural KC real estate team is affiliated with Realty Executives of Kansas City. They can be reached at 913-837-4665, or 816-899-2330. Their website is www.RuralKC.com and their email is info@RuralKC.com
The above article will appear in the KC Star Sunday May 16, 2011
Thursday, May 12, 2011
Tuesday, May 10, 2011
Will listing your land with a land real estate agent make you more money?
The time has come and you are ready to sell your land. You might wonder if listing with a real estate land agent really makes a difference. You can certainly go it alone but of those that do (about 85%) end up eventually listing the property for sale with an agent. It is generally said by most real estate folks that properties do not sell for two reasons either price or exposure. Let’s look at price.
The LandOwner newsletter recently reported that discrepancies as high of $1000 to $1500 per acre were being found when doing appraisals on land. Why such a difference in price?
We did an informal analysis of some land sales over the last few years. It showed that of all the land sales that we found that were sold directly from owner to owner – the sold price yielded was approximately 25% less than similar sales that had been listed with a land broker. Taking into account that most likely at least half of those were sales to family members and discounts can be expected in family exchanges that it is still a surprising number of sales that were substantially less than going market rates at the time. The lower priced properties maybe were not exposed to the market via a listing or auction.
So how could listing with a broker get you so much more money? First and foremost is market knowledge. Land agents and brokers work with land values every single day. We are reading land reports, real estate market reports, land analysis surveys, following farmland and commodity markets, plus following all the ins and outs of the real estate on top of all the land information. It can be overwhelming at times the amount of data and information that is spilling out daily even for those of us in the business. All of that information helps to price a property in the right range.
The land market is changing rapidly …. probably faster than any other time in recent history. Farmland prices are skyrocketing, recreational land sales seem stagnant and development land sales are nearly non-existent in most areas. However, each of those markets has changed almost overnight when local, national and international events cause the local price values to fluctuate. As an individual selling a single piece of property it can be challenging to find current land market information and know how to price the property. This might be why so many of the non-listed land sales are lower.
Another issue that comes up with pricing is the news cycle. Media stories tend to focus on one news breaking story when it comes to real estate sales. They want the WOW factor and they report the sensational facts of one abnormal sales price that usually that happens at an auction and then it goes through all the news outlets over and over again until most people think that is reality on property sales. Unfortunately, most of the time it is not reality or normal and sellers are faced with disappointment when they see the real market values and averages.
So how do you know what to do? Unless you are committed to spending an enormous amount of time following the markets (not just a few sales here and there) and spending at least several hours a day marketing your property then you might want to consider hiring a professional. Almost all land agents we know live, eat and breathe the land market just like we do and that is what you need to bring you the higher price for your property. Find a land specialist, list it, and then relax.
The LandOwner newsletter recently reported that discrepancies as high of $1000 to $1500 per acre were being found when doing appraisals on land. Why such a difference in price?
We did an informal analysis of some land sales over the last few years. It showed that of all the land sales that we found that were sold directly from owner to owner – the sold price yielded was approximately 25% less than similar sales that had been listed with a land broker. Taking into account that most likely at least half of those were sales to family members and discounts can be expected in family exchanges that it is still a surprising number of sales that were substantially less than going market rates at the time. The lower priced properties maybe were not exposed to the market via a listing or auction.
So how could listing with a broker get you so much more money? First and foremost is market knowledge. Land agents and brokers work with land values every single day. We are reading land reports, real estate market reports, land analysis surveys, following farmland and commodity markets, plus following all the ins and outs of the real estate on top of all the land information. It can be overwhelming at times the amount of data and information that is spilling out daily even for those of us in the business. All of that information helps to price a property in the right range.
The land market is changing rapidly …. probably faster than any other time in recent history. Farmland prices are skyrocketing, recreational land sales seem stagnant and development land sales are nearly non-existent in most areas. However, each of those markets has changed almost overnight when local, national and international events cause the local price values to fluctuate. As an individual selling a single piece of property it can be challenging to find current land market information and know how to price the property. This might be why so many of the non-listed land sales are lower.
Another issue that comes up with pricing is the news cycle. Media stories tend to focus on one news breaking story when it comes to real estate sales. They want the WOW factor and they report the sensational facts of one abnormal sales price that usually that happens at an auction and then it goes through all the news outlets over and over again until most people think that is reality on property sales. Unfortunately, most of the time it is not reality or normal and sellers are faced with disappointment when they see the real market values and averages.
So how do you know what to do? Unless you are committed to spending an enormous amount of time following the markets (not just a few sales here and there) and spending at least several hours a day marketing your property then you might want to consider hiring a professional. Almost all land agents we know live, eat and breathe the land market just like we do and that is what you need to bring you the higher price for your property. Find a land specialist, list it, and then relax.
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