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Do You Think It's a Buyer's Market #4067457 02/20/13 01:48 AM
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DQ Kid Online Content OP
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In terms of purchasing ranching property, I am thinking about possibly purchasing a larger ranch than I currently own in Young County. I have been told by a friend at the advice of his rancher buddy, that there is an overproliferation of property on the market, thus making it a buyer's market. He said that even if property is priced at $1600-$2000, a person that offers $1200-$1500 may be able to score some property. What say the forum on this?

Re: Do You Think It's a Buyer's Market [Re: DQ Kid] #4067470 02/20/13 01:53 AM
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Money Talks


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Re: Do You Think It's a Buyer's Market [Re: erniejs] #4067475 02/20/13 01:54 AM
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True, but for $400-$500 per acre under the asking price?

Re: Do You Think It's a Buyer's Market [Re: DQ Kid] #4067503 02/20/13 02:07 AM
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Perhaps. 25% off asking price seems steep drop - but it doesn't hurt to offer. The worst they can say is no.

I know of one ranch that was purchased at 17% below list. Of course, I know another one that was finally sold over the original asking price.

Re: Do You Think It's a Buyer's Market [Re: DQ Kid] #4067529 02/20/13 02:15 AM
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We bought ours for $710 per acre under asking price.
My sisters neighbor in Blanco county bought the 240 acres next to him for $1100 per acre under asking price.
My cousin paid $430 per acre less than asking for their place in ETx.

We made offers on places the owner wouldn't take $10 per acre less.
There is a ton of land for sale that will never be sold unless the owners price is met or bettered.

Re: Do You Think It's a Buyer's Market [Re: Rustler] #4067545 02/20/13 02:19 AM
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Money talks and some peoples land is paid for and they wont budge much cause they dont have to sell it to get by.


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Re: Do You Think It's a Buyer's Market [Re: BBD84] #4067551 02/20/13 02:21 AM
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Wow Rustler, good stuff there..

Re: Do You Think It's a Buyer's Market [Re: DQ Kid] #4067697 02/20/13 03:04 AM
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places go for what they go for.

However,If you go around lowballing everybody people will eventually catch wind and not want to even show you property

as far as the market is concerned, it really depends on what area you are in, the market can vary greatly from county to county

PM me if you need/want more advice


For it is not the quarry that we truly seek, but the adventure.
Re: Do You Think It's a Buyer's Market [Re: txtrophy85] #4067726 02/20/13 03:12 AM
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Money is cheap right now.. take advantage.


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Re: Do You Think It's a Buyer's Market [Re: dkershen] #4067801 02/20/13 03:38 AM
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I hear you Trophy, I was simply surprised when my friend's large rancher friend said that "what people want per acre right now, isn't necessarily what they'll accept". I was kind of shocked to be honest with you.

Re: Do You Think It's a Buyer's Market [Re: DQ Kid] #4067836 02/20/13 03:46 AM
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Problem is fixing to be paying the taxes on inherited property. Therefore forcing the sale and my thoughts are driving the price down. Heirs just won't have the cash they need to keep the land.

I sell real estate one county away from Young. Lot of property here on the market but they priced it high. Some has sold some has stayed on the market for a while. Most hasn't com close to asking price but you only need a couple of comps.

Re: Do You Think It's a Buyer's Market [Re: Leonardo] #4067931 02/20/13 04:15 AM
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Yes and No.

Money don't get much cheaper but then again if the stock market keeps going land is not going to keep up. I think a lot of speculators are out of land and back into stocks for now. If you live next to my buddy you'll get what you want. If you live near my lease you will never sell your property unless you border a well known land owner already who can buy what they want and could careless if it produced a 150 inch buck 10 years ago, lol. Location and condition seems to be the biggest factor. So much property is being inherited it is just crap though. Leased to a rancher who has over grazed and destroyed it. Just owning land isn't exactly cool unless it is taken care of, close to where the person lives and not a money pit. Don't advertise a tank when it is dry. Don't lie about wildlife. Most do though. There is tons of land for sale so if you have money you can find about anything it seems. At this point in my life I rather lease over 1,000 acres for less than $2,000 a year than put down $500,000 on a $2.5 million note for land that provides some dove, deer, and turkey. Since it has not gone up in value in 7 to 8 years what would the point to buy be?

The properties near my lease are all $2,900 and acre and higher and been on the market 3 plus years now. If it is under 100 acres it might sell but nothing over 100 has moved if it was just raw ranch land.

Re: Do You Think It's a Buyer's Market [Re: Txduckman] #4068069 02/20/13 05:23 AM
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Our area seems to have gone up. Timber isn't bringing as much so they'll get their money when the property sells. Technically bc of a lower timber value it should be decreasing the land value, but not the case..

Best bet is to find someone in a gas production area who thought those monthly checks were a given and bit off more than they can chew on loans.

Re: Do You Think It's a Buyer's Market [Re: rifleman] #4068080 02/20/13 05:49 AM
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East Texas has gone up in value but didn't seem to have that giant run up like parts of west Texas. There is at least timber that holds value. Mesquites are worthless except for deer shade. E Tex appeals to more folks and has water. West Texas is bleak when it comes to water. You better have a well these days. Our lake has been low for 3 years and all tanks when dry last year. If I bought the land I would drill a few water wells in no time to build lakes. It is possible some thought they would see the $5,000 an acre bonus for drilling only to realize there is nothing to be drilled actually and it was just gas which is worthless now. Houston is interesting in that you can't go 360 degrees to find land like people in DFW can. I was just there. Nice place and great food but dang it is crowded compared to Dallas.

Re: Do You Think It's a Buyer's Market [Re: Txduckman] #4068092 02/20/13 06:06 AM
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You can buy a ton to the north...there's not a timberco tract out there that isn't for sale if you've got the money. I'm considering getting a place out of the Porter/New Caney area for here so I can select cut it and make it pretty to sell to developers when we leave and head back further North.

Re: Do You Think It's a Buyer's Market [Re: DQ Kid] #4068392 02/20/13 02:08 PM
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Originally Posted By: DQ Kid
I hear you Trophy, I was simply surprised when my friend's large rancher friend said that "what people want per acre right now, isn't necessarily what they'll accept". I was kind of shocked to be honest with you.


it depends on alot of different factors.

A place in Blanco county, for instance, that is 250 acres and has a asking price of $8500/acre has a high likelyhood of selling for $1000/acre under asking price.


If your serious about buying land, find a good broker in that area and let him advise you on the market. The worst thing you can do is bank on the advice of a buddies friends cousin who works on a ranch


For it is not the quarry that we truly seek, but the adventure.
Re: Do You Think It's a Buyer's Market [Re: txtrophy85] #4069398 02/20/13 07:21 PM
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I personally think its a buyer market right now. Economy isnt getting better anytime soon and ppl need money to pay there bills. Txtrophy85 is right, find a good broker that will work for you. Nothing is worse than doing all your own research on any property you are interested in. Believe me, I did this and now I realize how dumb I was doing everything myself. Good deals can be found, just got to look hard.

Re: Do You Think It's a Buyer's Market [Re: txtrophy85] #4069424 02/20/13 07:29 PM
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I think what people are willing to pay and or accept is as always a function of location. My property taxes went up quite a bit last year so I called the Co appraisal office to ask why. They told me it was nuts how much people were spending on land. As much as 3600.00/acre but mostly in the low 3000.00's. The closer you are to the major metropolitan areas the more it costs and the less they are willing to dicker.


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Re: Do You Think It's a Buyer's Market [Re: 7ARanch] #4069467 02/20/13 07:48 PM
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Originally Posted By: 7ARanch
I think what people are willing to pay and or accept is as always a function of location. My property taxes went up quite a bit last year so I called the Co appraisal office to ask why. They told me it was nuts how much people were spending on land. As much as 3600.00/acre but mostly in the low 3000.00's. The closer you are to the major metropolitan areas the more it costs and the less they are willing to dicker.
Yes indeed. Prices are going up in some areas, especially the Edwards plateau. Properties around Comal, Blanco counties are going WAY up. They ain't making any more of it. Money is cheap right now, people are pouring into the state. The population of Texas is projected to double by 2040. bang

Last edited by Erathkid; 02/20/13 07:49 PM.

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Re: Do You Think It's a Buyer's Market [Re: Erathkid] #4069482 02/20/13 07:53 PM
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That's why I want land in BFE... cities are getting bigger and small towns are getting smaller.

Re: Do You Think It's a Buyer's Market [Re: Erathkid] #4069498 02/20/13 07:58 PM
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Like Txtrophy85 said, land is area specific. I know places that have sold for a 1000/acre less than asking and I know places that were asking less than 1000/acre total. Its all relative to where its at.

Finding a good agent local to where you want to buy land is a good idea.


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Re: Do You Think It's a Buyer's Market [Re: rifleman] #4069511 02/20/13 08:00 PM
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My brother owns land in Northern Colorado County between Frelsburg and Columbus. Appraised at $15k/acre just because his address has Zimmerschiedt Ln in it. You wouldnt believe how much Houston folks are willing to pay to get out of the big city. Funny thing is there isnt a tree on the 30 acres, just flat pasture land.

Re: Do You Think It's a Buyer's Market [Re: newulmboy] #4069555 02/20/13 08:14 PM
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improved pasture is going to be more expensive usually. In our buying area acreage with timber will run anywhere from 1500-3000 depending on maturity...improved pasture starts around 4000. Put about 100-200' elevation change on it compared to everything else around and it'll go for 10000-20000/acre as a homesite.

Re: Do You Think It's a Buyer's Market [Re: rifleman] #4069567 02/20/13 08:21 PM
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Originally Posted By: rifleman
improved pasture is going to be more expensive usually. In our buying area acreage with timber will run anywhere from 1500-3000 depending on maturity...improved pasture starts around 4000. Put about 100-200' elevation change on it compared to everything else around and it'll go for 10000-20000/acre as a homesite.
Yep it kinda' zucks, people come in and buy a small place for a high dollar and it pushes up taxes on everyone. We have to fight the appraisal district every year it seems. When we bought the family place back in '99, prices were around $500-$800 an acre. Now it's valued at around $3000-$4000 an acre, pure windfall for the county, yet they want more and more and MORE!

Last edited by Erathkid; 02/20/13 08:22 PM.

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Re: Do You Think It's a Buyer's Market [Re: Erathkid] #4069583 02/20/13 08:30 PM
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^^^ They always want more, more, and more.......

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