Understanding The Land Auction Kansas Buyers And Sellers Look For

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.

When you are dealing with real estate, you have the option of purchasing property that has been improved in some way or remains raw land. Most of the time, adding assets to property increases its value. The way you use or develop improved or unimproved land is usually up to the county zoning commissions. Anytime you violate their rules you can be subject to fines and forced to remove any improvements.

There are several different types of agricultural acreage that buyers have interest in. Row crop producers, both commercial and private, look for suitable property to plant fruits and vegetables. They take the climate, the soil types and the topography into consideration before they make any offer to purchase the property. Improvements such as a water source, irrigation system, and wells generally add to the value of the property in question.

Good pastureland is something of interest to ranchers, stock farmers, and commercial meat producers. Having water sources on this type of acreage is important for the animals they are raising. Edible grass allows the livestock to range freely and graze naturally which minimizes the amount of feed the owner has to purchase from an outside source.

Timber companies are interested in all different types of timberland. They are usually most interested in mature trees on land with established dirt roads throughout. Water is not an important consideration, and improvements like tin shelters or sheds tend not to increase the price they are willing to pay.

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.

Auctioneers are in the business of getting the highest dollar and the most qualified sellers for the buyers they represent. They use tried and true methods of marketing and years of experience to make that happen.




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