The tract in question is quite literally a back forty. The rest is in mixed pasture and timber (some planted, some natural regeneration / mixed). The land includes two ponds, a year-round creek, and a cabin. It is quite a desirable property.
That's the wild card, right? The speculative value of standing timber. WTF knows? I'm not in a hurry to sell it but, having said that, would love to minimize the headaches involved.
That was sort of my point, but his counterpoint was that people would rather get the land for 20% less (the timber value, assuming they would cut it anyway) since it reduced their loan (assuming they have a loan). I tend to agree with you, though.
Hi all,
I'm going to sell 155 acres of recreational land (retired farm) in east-central Mississippi. About half the property is in timber, and there is a particular tract of pine, with no habitat value, that's been appraised at about 20% of what I estimate the entire place will sell for. My...