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This being said I agree with land being a better investment, if you can afford it. Land can be as liquid as gold just as fast. And fast! Some would argue that having land to sell was like gold a few years ago.
Long term future value is the game you play with land. This is where the real problem is. You either sell it at or near the market price high or low or look at it.
The principles are the same. Land is unique and no 2 tracts of land are the same. I have acres with 12, Sqft house 40 acre lake Ect that has been on the market for 3 years and we might have had 2 lookers.
If I had bought Gold Cheep! Peter, Ryan is correct about the market telling you that your land is not priced appropriately if you have marketed your property broadly.
If you give your land lots of exposure, and get no contacts then it is a signal that you are priced out of the market.
The other consideration is that you have a large piece of land and a huge house. The number of prospective buyers is smaller for something like you have than for 40 acre tracts along that big lake you described.
If you need to sell now, get a good agent, price it accordingly, market the heck out of it, and divide it into smaller parcels if need be to move it.
They would offer some discounted price. The same is true with buyers of land. Ladies and Gentleman, Peter is the perfect example of why the land market in most areas is in gridlock.
You built too much. All that matters is what maybe 2 people in America will pay you for it today. Go buy gold. As for the gold you could get full price selling on the market!
Who the hell wants the bars to carry around! Where can I see it so I can believe it and feed my dreams? Peter you certainly have a beautiful place.
You might try having some nice property brochures made and taking them down to the Hawks, Falcons, and Braves offices. They may have someone interested in a rural homeplace.
Good luck on selling it. Peter, Where is your property located and I will send you information on an agent and agency that has been marketing your kind of property nationally since They are currently the only national company specializing in rural property.
I need an agent who has the contacts for that type of buyer! The question is where do you find that agent? I had it listed with sothebys international and they were awful.
So the big question is where is the agent with the contacts and how do you find them? The IRS considers gold a collectible.
Even though he was vp of a major investment firm in Canada, he told us buying land was the best investment he ever made. Years later I remember visiting his hobby farm north of Toronto.
Hey, I can agree with much of what you say about gold vs. I invest in both and have for some time now. Nixon took us off the gold standard.
You may not know about plans by some groups within the UN to limit your ownership and use of rural land. There IS a conspiracy to take many of our rights away and we all should keep informed of what is going on.
It is frightening. Land or gold…. In other words, a prospector must hope for the best, but be financially and psychologically prepared for the worst.
Some gold-bearing areas, including national parks, are closed to prospecting. Violations may accrue major fines and in more serious cases, possible jail time.
If a gold-bearing area is on privately-owned land, be sure to obtain permission from the owner in writing prior to prospecting.
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