texashuntingforum.com logo
Main Menu
Advertisement
Affiliates
Advertisement
Newest Members
Mad Dog Hunting, Matt W, 357 magnum, PR67, BeeChief
69812 Registered Users
Top Posters(All Time)
dogcatcher 110,252
bill oxner 91,227
SnakeWrangler 63,159
stxranchman 59,707
Gravytrain 45,799
RKHarm24 44,585
rifleman 44,461
BMD 41,232
Forum Statistics
Forums46
Topics602,141
Posts11,227,077
Members84,812
Most Online19,184
Feb 5th, 2020
Print Thread
Land Broker? #8233047 04/11/21 10:26 PM
Joined: Nov 2010
Posts: 24
M
MikeD77 Offline OP
Light Foot
OP Offline
Light Foot
M
Joined: Nov 2010
Posts: 24
For those that have bought land in the past, do you feel it is advantageous to use a broker? With the internet these days are we essentially seeing all that’s available or will someone on the ground have an inside track to some places? This will be my first experience in buying acerage, so any insight/advice is appreciated.

Last edited by MikeD77; 04/11/21 10:27 PM.
Re: Land Broker? [Re: MikeD77] #8233057 04/11/21 10:40 PM
Joined: Oct 2012
Posts: 20,458
Creekrunner Online Content
THF Celebrity
Online Content
THF Celebrity
Joined: Oct 2012
Posts: 20,458
By "broker", do you mean a realtor/ real estate agent? Beware of folks that want to "cut out the middle man". In my very limited experience, they're looking for a rube to take advantage of. There are laws that a realtor is obligated to help you understand and have the benefit of. There are lots of Class A, egotistical scum that are looking to get one over on you. It's how they roll every day of their lives.


...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
Re: Land Broker? [Re: Creekrunner] #8233058 04/11/21 10:41 PM
Joined: Nov 2010
Posts: 24
M
MikeD77 Offline OP
Light Foot
OP Offline
Light Foot
M
Joined: Nov 2010
Posts: 24
Yes, “broker” had been the term I’ve heard used for the equivalent of a real estate agent I would use in buying a house.

Re: Land Broker? [Re: MikeD77] #8233087 04/11/21 11:13 PM
Joined: Aug 2011
Posts: 1,515
B
bp3 Offline
Pro Tracker
Offline
Pro Tracker
B
Joined: Aug 2011
Posts: 1,515
Agents work under a brokers license.And Creek is right they have rules that are set by TREC, state laws

Re: Land Broker? [Re: MikeD77] #8233097 04/11/21 11:21 PM
Joined: Aug 2009
Posts: 19,697
B
BigPig Online Content
THF Celebrity
Online Content
THF Celebrity
B
Joined: Aug 2009
Posts: 19,697
Agents work under the Broker. The Broker carries E&O insurance in case trouble arises, as such, they generally have a Real Estate Attorney on retainer.

In today’s world of fast sales and fast closings, it’s imperative that the buyer or seller knows the rules, deadlines, and repercussions of not abiding by those


Wade Dews, REALTOR ®
Rendon Realty, LLC
Pointman Real Estate Team
www.RendonRealty.com
WadeDews@gmail.com
214-356-2410
VETERAN & LAW ENFORCEMENT OWNED & OPERATED

$$$50$$$ GAS CARD FOR QUALIFIED REFERRALS
Re: Land Broker? [Re: MikeD77] #8233114 04/11/21 11:37 PM
Joined: Nov 2009
Posts: 557
D
DUKFVR Offline
Tracker
Offline
Tracker
D
Joined: Nov 2009
Posts: 557
Also if you are buying a broker/agent isn't costing you anything. If it is your 1st time to buy, I would get a good agent that is working in land/ranch dealings. Lots of things to check for in buying land.

Re: Land Broker? [Re: MikeD77] #8233360 04/12/21 03:52 AM
Joined: Aug 2005
Posts: 28,787
T
txtrophy85 Online Content
THF Celebrity
Online Content
THF Celebrity
T
Joined: Aug 2005
Posts: 28,787
It’s always a good idea to use an experienced ( can’t stress this word enough ) broker/agent, especially of this is your first deal.

Lots of things to look for when buying land. Price is only one factor.

In most cases using a broker will cost you nothing. And a good broker should know of off market or distressed properties that you may be able to deal on vs. a random listing.


For it is not the quarry that we truly seek, but the adventure.
Re: Land Broker? [Re: MikeD77] #8233531 04/12/21 01:24 PM
Joined: Jul 2008
Posts: 3,748
B
Big_Country01 Offline
Extreme Tracker
Offline
Extreme Tracker
B
Joined: Jul 2008
Posts: 3,748
I bought my land directly from the owner. We drew up a contract, sat down at the title company and got it done.

The short answer is no, you do not have to use a broker. I think it depends on the complexity of the purchase, and how comfortable you are as a buyer/seller.


Re: Land Broker? [Re: MikeD77] #8233904 04/12/21 07:34 PM
Joined: Nov 2010
Posts: 24
M
MikeD77 Offline OP
Light Foot
OP Offline
Light Foot
M
Joined: Nov 2010
Posts: 24
Thanks everyone. It does sound as though it’s best to use an agent. That being said, what is the best way to find one? Simple google search? We’re likely looking around Bee, Refugio, Goliad area.

Re: Land Broker? [Re: MikeD77] #8234083 04/12/21 10:08 PM
Joined: Aug 2005
Posts: 28,787
T
txtrophy85 Online Content
THF Celebrity
Online Content
THF Celebrity
T
Joined: Aug 2005
Posts: 28,787
Originally Posted by MikeD77
Thanks everyone. It does sound as though it’s best to use an agent. That being said, what is the best way to find one? Simple google search? We’re likely looking around Bee, Refugio, Goliad area.



I broker ranches in that area.

number is 210- 421-8181

Ask for Brandon


For it is not the quarry that we truly seek, but the adventure.
Re: Land Broker? [Re: txtrophy85] #8234087 04/12/21 10:11 PM
Joined: Oct 2012
Posts: 20,458
Creekrunner Online Content
THF Celebrity
Online Content
THF Celebrity
Joined: Oct 2012
Posts: 20,458

Originally Posted by txtrophy85
Originally Posted by MikeD77
Thanks everyone. It does sound as though it’s best to use an agent. That being said, what is the best way to find one? Simple google search? We’re likely looking around Bee, Refugio, Goliad area.



I broker ranches in that area.

number is 210- 421-8181

Ask for Brandon


The kid has done me solid. up


...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
Re: Land Broker? [Re: MikeD77] #8234611 04/13/21 12:48 PM
Joined: Oct 2004
Posts: 37,540
R
redchevy Offline
THF Celebrity
Offline
THF Celebrity
R
Joined: Oct 2004
Posts: 37,540
I thought about buying my first on my own. I work in real estate so have a handle on the basics. I ended up using an agent i knew. After a long negotiation process that started and stopped completely for a while and started again over a 5 month time frame i am very glad we used an agent. Also the property was listed as conveying minerals and all the negotiations were made such that the minerals conveyed. All the way at the end they sent back our offer signed but amended to them retaining the minerals. At that point I felt like the agent more than earned his keep with experience and how to handle things.

Especially for your first or with a transaction where you may see issues arising I would recommend an agent.


It's hell eatin em live
Re: Land Broker? [Re: MikeD77] #8234653 04/13/21 01:40 PM
Joined: Feb 2012
Posts: 7,777
D
DQ Kid Online Content
THF Trophy Hunter
Online Content
THF Trophy Hunter
D
Joined: Feb 2012
Posts: 7,777
Securing an agent that knows the area and is familiar with area land values is critical. They also tend to know where the hunting is better assuming they reside in the area/county. A lot of times they even know nuances and issues related to surrounding properties, etc. You will know very early on whether they are worth their time and efforts by how informed they are or not and how they carry him/herself. If you can't see it early on, I'd try a different agent.

Re: Land Broker? [Re: MikeD77] #8242601 04/19/21 09:45 PM
Joined: Jan 2013
Posts: 19,320
P
Pitchfork Predator Offline
THF Celebrity
Offline
THF Celebrity
P
Joined: Jan 2013
Posts: 19,320
If you are near the area you’re looking to buy in, I would go without.....you do need to educate yourself on a properly submitted real estate contract..... which isn’t difficult.....the advantage is offering 3% less to the seller because you represent yourself.....


Marc C. Helfrich
Retirement Planner

www.insured-wealth.com
469-323-8920
Re: Land Broker? [Re: MikeD77] #8256806 05/04/21 06:18 PM
Joined: Dec 2011
Posts: 524
E
EVCO Online Content
Tracker
Online Content
Tracker
E
Joined: Dec 2011
Posts: 524
Pitchfork the seller is paying the listing agent the 6%. The buyer side can't give a 3% discount he has no right to. Without a realtor the sellers agent gets the whole 6% commission. Terrible advice for a first time land buyer to not use an agent. With all the things that come along in land sales and the contract is the easy part of it. And for the record, most sellers aren't giving discounts right now on any transaction. They are trying to decide which one of the multiple offers they are going to take.

I'm sure most of your customers could educate themselves to plan their own retirement, but i'm betting you've never encouraged them to do it.

Re: Land Broker? [Re: EVCO] #8258548 05/06/21 01:53 PM
Joined: Aug 2005
Posts: 28,787
T
txtrophy85 Online Content
THF Celebrity
Online Content
THF Celebrity
T
Joined: Aug 2005
Posts: 28,787
Originally Posted by EVCO
Pitchfork the seller is paying the listing agent the 6%. The buyer side can't give a 3% discount he has no right to. Without a realtor the sellers agent gets the whole 6% commission. Terrible advice for a first time land buyer to not use an agent. With all the things that come along in land sales and the contract is the easy part of it. And for the record, most sellers aren't giving discounts right now on any transaction. They are trying to decide which one of the multiple offers they are going to take.

I'm sure most of your customers could educate themselves to plan their own retirement, but i'm betting you've never encouraged them to do it.



Good post. There is zero reason not to use a Buyers agent.

It can save you a lot of Money and time in the end.


For it is not the quarry that we truly seek, but the adventure.
Previous Thread
Index
Next Thread

© 2004-2022 OUTDOOR SITES NETWORK all rights reserved USA and Worldwide
Powered by UBB.threads™ PHP Forum Software 7.7.3