EAGLESTAR.NET LAND AND PROPERTY REVIEW
http://www.eaglestar.net
Issue #52
January 20, 2009

IN THIS ISSUE:
Properties of the Week: Canada
Real Estate Roundup:
- 5 Mistakes To Avoid when Selling Your Property
Last Week's Top Searches
Auction News: FL, GA, IN, KS, NC, OK, PA
Sponsor's Corner: Chilcote Forestry Consulting
LandTerms.com Term of the Week:
- Land, tenements, and hereditaments


"What you have, hold."
- English proverb (15th century)


PROPERTIES OF THE WEEK: Canadian Properties
New Brunswick Canada Waterfront Cottage Lots
Renous, Northumberland County, New Brunswick, Canada
66.2 total acres, road frontage along Route 108 (Plaster Rock Highway) and
river frontage along the Renous River with a salmon holding pool. Ideal cottage
country. Property borders Plaster Rock - Renous Wildlife Management Area and is
surrounded by thousands of acres of crown land with many lakes including
McKendrick Lake, Catamaran Lake, Holmes Lake, etc. Listing ID: 18385. Photos
and more information available at http://www.eaglestar.net/rdl.html

Vancouver Island Resort Lodge
Zeballos, British Columbia, Canada
Iris Lodge, a year-round resort lodge, is set amidst rugged mountains, lush
west coast rain forest and the wide-open space of the Pacific Ocean. This
resort property features a 12-unit motel with fully equipped rooms (2 queen
beds, television, phones and full baths). Also included are a full service,
fully licensed 80-seat restaurant and a 2 bedroom owners residence. Of course,
we couldn't leave out the 32-foot fully equipped aluminum launch, necessary for
transporting the guests to area tourist and water sport attractions. Listing
ID: 15379. View photos and more information at
http://www.eaglestar.net/jcx.html

Grain, Livestock, and Recreation
Sandy Lake, Manitoba, Canada
1,920 acres located south of beautiful Riding Mountain National Park, Manitoba,
Canada. Mixed farm consisting of 1,640 acres land and 280 acres water. Plenty
of grain bin storage. Excellent for livestock. Rolling hills, plenty of water,
trees, shelter and includes some lakeshore property. 1,200 square foot home,
steel shop and a livestock shelter. Second home also available - farm is large
enough for two families. Also option to purchase farm equipment. Numerous lakes
with great hunting, fishing, and recreation. Listing ID: 12607. Find photos and
more at http://www.eaglestar.net/bny.html

28-Acre RV Park on Fraser Lake
Ft. Fraser, British Columbia, Canada
Just over 28 acres. Located 90 miles west of Prince George en route to Alaska
and Prince Rupert. Property includes new log home, 7 rental cabins, and 40
campsites. This beautiful lakefront resort property has a boat launch and boat
dock. Camp guests can board the train here at the resort and travel to Prince
George or Prince Rupert. Great fishing on the lake with abundant large rainbow
trout and char. Every campsite has a beautiful view of the lake. Listing ID:
15285. http://www.eaglestar.net/lnd.html

All acreages and land area listed in the Land and Property Review are
approximate.


REAL ESTATE ROUNDUP:
5 Mistakes To Avoid when Selling Your Property
This article was written by Steve Chilcote, a consulting forester in
Aaronsburg, Pennsylvania. Steve has many years of experience in forestry,
timber management, and real estate. He is a long-time client of EagleStar.net.
This is Steve's first article for the Land and Property Review, and we hope
there are more to come.

The Most Costly Mistakes Landowners Make When Selling Their Land and How to
Avoid Them
I have been selling real estate off and on for over 25 years. In that time I
have seen a lot of deals get done and a lot of deals fall apart and many that
never got out of the starting block. Here are some common selling mistakes to
avoid and tips that will net you more money and make your selling job much
easier and quicker.

1. Turning Down the First Reasonable Offer
The first buyer who is ready and willing to buy your property is most often
your best prospect. This is true both in land and in home sales. There is a
certain dynamic involved in placing your property on the market. There are a
limited number of buyers looking and, if the property is right for a buyer, he
will buy it quickly. Too often, sellers will try and hold out for more money or
wait and see who else makes an offer. If an offer comes in too quickly, they
feel that the price must be too low and they turn it down. A year later when
the property is still on the market and the buyer is gone, they are still
holding out. By then, the property becomes what we call "stale". Buyers who are
shopping see the property advertised and see it in the listings and are
thinking that there must be something wrong with it and it is priced too high
or it would be sold by now. Meanwhile the seller has lost the opportunity cost
of the money he or she would have made a year ago.

2. Pricing the Property Too High
It is tempting to price a property very high in hopes that an uninformed buyer
will be foolish enough to pay too much. If you are selling something that is
very rare, for instance it has a waterfall, a million-dollar view, rare
ecosystem, etc., that may be a good strategy since it is difficult to price
rare properties correctly. But, average forest and agricultural land should be
priced according to what the market will bear. This ties in with tip number
one. If the property is on the market too long it will become stale. Priced
correctly, the buyer that is right for the property will be there because he
knows what he can afford and if your property is the best one for him in his
price range, he will buy. Again, don't lose the opportunity to sell. Even if
prices rise over the next year, you have lost the use of that money for a year
that you could have invested and made even more money.

3. Selling Timber to a Sawmill Prior to Putting the Land on the Market
Doing this is like running your car through a demolition derby and placing a
for sale sign on it. If the timber is high quality and valuable, it can be a
big selling point. If a buyer is looking for timber, he will be impressed and
buyers who are not harvest-friendly will be also. By letting a sawmill logger
have his way with your land just prior to selling it will leave you with a
carcass and a little bit of money. Most buyers are no longer interested and you
will be stuck with it unless you lower your price - usually netting you less
money than if you left the timber there.

A much better strategy is to get a good inventory and estimate of value for
your timber to put in the prospectus. This can be done by any good consulting
forester (like me) or even a state service forester. State foresters are in
their own world on state ground and are not as realistic about timber values as
someone working on private timber sales. But they may do some work for free. A
good quality timber inventory gives prospective buyers confidence in what they
are buying.

4. Neglecting a Survey
If you can afford it, get a survey. And do not just set the corners - have the
surveyor fletch and paint the lines. Keep in mind you are expecting a buyer to
cough up a very big chunk of money, maybe his life savings to buy your land.
Uncertainty causes buyers to hesitate. Often, people show me land and don't
know exactly where their corners are or where the lines are. Clearly marked
corners and lines by a registered surveyor shows a buyer exactly where the land
is so he can clearly see what he is buying.

5. Not Listing with a Land Specialist
I have met many landowners who listed with a local Realtor who they know or who
they purchased a house from in the past. These folks place the land in the
local multiple listing service and forget it. They have no idea how to market
large tracts of land and often don't even know where the land is. More than
once I have gone to look at land when the Realtor refuses to go show it to me,
can't provide a good map and more than once doesn't even have the Broker's sign
in front the property.

Imagine you are a buyer looking for hunting land. You just drove several hours
to get to the land you are anxious to look at. Mike, the city real estate guy
meets with you on the road frontage, gets out of his Lincoln to meet you. He is
wearing shiny dress shoes and points up on the mountain "it's up there
somewhere." He hands you a photocopy of a tax map with no reference points,
scale or topography. "I have to go, I have a showing appointment for a house in
town", and he climbs back in his clean car and off he goes. This story sounds
like an exaggeration but it is an actual event that has happened to me more
than once. More often they don't even go so far as to come and meet you.

Now picture a guy who shows up in a pickup with an ATV in case you want to see
every inch of trails and fields. He hands you a topo map and aerial photos with
the land clearly marked. The land is clearly marked on the ground and he takes
you around the entire tract of land pointing out perc test sites, possible food
plot locations, deer sign and interesting features of the property. Which
scenario would you prefer as a buyer or a seller? Find a Realtor who can get
out through the woods, speak knowledgeably about hunting or farming, can read a
map and find the property corners and lines in the woods.

When selling land, remember these 5 simple tips. You might end up with a lot
more money in the long run.

You can find more information about Steve and the services he provides at
http://www.chilcoteforester.com/default.htm

We welcome and encourage relevant and timely submissions from our subscribers.
At our discretion, we may or may not publish all articles received. The unique
views and opinions expressed by our guest authors do not necessarily reflect
those of the Land and Property review or EagleStar.net.


LAST WEEK'S TOP SEARCHES
Top searches by state or country, with the previous week's rank in parentheses:
1. Kentucky (8)
2. Georgia (13)
3. Ohio (9)
4. Pennsylvania (11)
5. Utah (36)
6. Oregon (6)
7. Colorado (2)
8. Washington (5)
9. Idaho (7)
10. Texas (12)

Other recent popular and interesting searches by visitors to EagleStar.net:
"cheapest land"
"Blue Ridge Parkway North Carolina"
"Canada fish camps"
"Caribbean mansion"
"Estancia Ranchettes"
"Maine farms and acreage"
"mining claims"
"mountain ranches"
"Vancouver Island forestry land for sale"
"ranches wanted"
"vineyard for sale"


AUCTION NEWS
Browse thumbnail photos and short property descriptions at
http://www.eaglestar.net/Land_Auction_Calendar/index.html

High Traffic Commercial Raw Land
Wednesday, January 21, 2009
Yulee, Nassau County, Florida
A perfect opportunity to invest in commercial real estate in one of Florida's
busiest travel corridors. Just minutes from I-95 and Jacksonville, FL. These
5.47 (+/-) acres are highly visible, located on A1A/SR 200 close to Fernandina
Beach and Amelia Island. Major retail centers and commercial businesses,
shopping, and restaurants surround this property. Listing ID: 22607. View
photos and details at http://www.eaglestar.net/bmr.html

Two-Building Light Manufacturing Facility
Thursday, January 22, 2009
Wilkes-Barre, Luzerne County, Pennsylvania
This commercial - light industrial - manufacturing property consists of two
buildings. One is a single-story structure built in the 1920's; the other is
2-story building constructed in the 1980's. The property is light manufacturing
formerly utilized as a printing company, known as Great Northern Press. Both
buildings will require complete renovation prior to occupancy. Listing ID:
22523. Map and contact information are available at
http://www.eaglestar.net/ww1.html

Luxury Home on 0.6 (+/-) Acres
Thursday, January 22, 2009
Waxhaw, Union County, North Carolina
Upscale home for sale with landscaped backyard, permanent barbecue grill and
outdoor fireplace, screened porch, wooded cul-de-sac lot, hardwood floors,
stainless steel appliances, media and bonus room, and much, much more. This is
a beautiful piece of residential real estate. Listing ID: 22608. Interior and
exterior photos and more at http://www.eaglestar.net/ww3.html

40 Acres Farm and Hunting Land with Home Sites
Thursday, January 22, 2009
Holland, Dubois County, Indiana
TRACT 1: consists of 12+/- acres of good quality farmland with access off of CR
850 W.
TRACT 2: consists of 12+/- wooded acres with access off of CR 850 W w/1320’
frontage along vacated 850 W. This tract would be ideal for the outdoorsman
wanting property to hunt on or to build on.
TRACT 3: consists of 16+/- acres with 13+/- acres of brushy wooded land and
3+/- acres open land. This tract would also be ideal for the outdoorsman. The
open land would be ideal for wildlife food plots. Access for this tract is off
of 850 W. There are also good home sites on this tract. Listing ID: 22355. View
photos and more information at http://www.eaglestar.net/mdvs.html

Tahlequah Plantation in the Heart of Plantation Country
Saturday, January 24, 2009
Thomasville, Thomas County, Georgia
520 +/- acre quail hunting plantation in the heart of plantation country
offered high bidder's choice. 35+/- acre floodable pond. Fenced property.
Bank-ordered real estate foreclosure auction. Excellent hunting potential:
quail, deer, turkey, plus duck ponds. Day house for hunting trip headquarters.
Tahlequah Plantation has numerous home and building sites and would be an
excellent location for a lodge or private estate. Property has timber, road
frontage, and water from a 12" well. Listing ID: 21812. Photos and contact
information are at http://www.eaglestar.net/ddsn.html

Two Gated Lake Club Resort Homes For Sale
Thursday, January 29, 2009
Gainesville, Hall County, Georgia
Two luxury properties for sale. Both auctions will take place at the same
location. The gated, lake-club resort of Marina Bay is nestled along a majestic
shoreline of secluded coves and panoramic, deep-water vistas on Lake Lanier, a
39,000-acre water amenity with 692 miles of preferred shoreline. Featuring
3.5-miles of waterfront luxury, a 280-slip marina and an award-winning
14,000-square-foot Lake Club. Only lot owners / club members are permitted to
purchase private marina slips. Listing ID's: 22612 and 22614. Photos and more
information can be found at http://www.eaglestar.net/ww7.html and
http://www.eaglestar.net/ww8.html

438 Acres Farm Land, Home Sites, and Lake Views For Sale in 9 Tracts
Wednesday, February 4, 2009
Chandler, Warrick County, Indiana
TRACT 1 - 40+/- acres, located at the corner of Stevenson Station Road and Old
Boonville Hwy. 37.84+/- acres tillable. The topography is level and the soil is
the highly productive Evansville Silt Loam.
TRACT 2 - 59.4+/- acres, located in the NW quadrant of Stevenson Station Road
and Old Boonville Hwy. 51.57+/- acres tillable. The topography is level and the
soil is the highly productive Evansville Silt Loam.
TRACT 3 - 63+/- acres, located fronting Old Boonville Hwy just west of
Stevenson Station Road. 44.41+/- acres of tillable land. The topography is
level and the primary soil is Evansville Silt Loam.
TRACT 4 - 120+/- acres, located at the corner of Inerrieden Rd and Heilman Rd.
approximately 2 miles north of Chandler, IN. 87+/- acres tillable. There is
7.81 acres of filter strips enrolled in CRP producing $1,037 in income. The
topography is level to gently rolling. The primary soils are Wilbur Silt Loam,
Wakeland Silt Loam (2 of the highest rated soils in Warrick County) & Hosmer.
This tract offers some excellent wooded recreational land as well as being a
high percentage of good tillable land.
TRACT 5 consists of 10 acres and fronts Eby Rd north of Shelton Rd. Tract 5
shares a pit lake and has a beautiful potential home site overlooking the lake.
TRACT 6 consists of 5 acres and fronts Eby Rd north of Shelton Rd. Tract 6
shares a pit lake and has some trees.
TRACT 7 consists of 5 acres and fronts Eby Rd north of Shelton Rd. Tract 7 has
approximately 1.68+/- acres of tillable land and also shares a pit lake.
TRACT 8 consists of 63+/- acres and fronts Eby Rd north of Shelton Rd. Tract 8
has approximately 54.6+/- acres of tillable land. The primary soils are
Zanesville and Johnsburg. There is an old home site on this tract and several
other wonderful potential home sites on Tract 8 overlooking a large lake.
TRACT 9 consists of 73+/- acres and fronts Shelton Rd east of Eby Rd and west
of the Folomsville Rd. There are 58.74 acres of tillable land with 6.25 acres
enrolled in the CRP program generating $825 in income. The land is mostly level
and the primary soils are Bird, Wakeland, Bartle & Peoga. Listing ID: 22356.
Photos and more information are available at
http://www.eaglestar.net/cur5-.html

Hunting, Farm, Horse Land Plus 5BR Home
Thursday, February 5, 2009
Chelsea, Rogers County, Oklahoma
245 (+/-) acres hunting, fishing, recreation, retirement, farm, investment, 5
BR home, home sites, investment land in 7 parcels:
Parcel 1: 2.8 (+/-) acres with 5 BR brick home w/ 2-car garage.
Parcel 2: 40+ acres with barn, cattle pens, fenced.
Parcel 3: 86+ acres with spring-fed pond and wildlife.
Parcel 4: 24+ acres with woods, pasture, and pond.
Parcel 5: 17+ acres with woods, pasture, and pond.
Parcel 6: 20+ acres, hill w/views, creek, and pond.
Parcel 7: 51+ acres of open pasture with creek.
Listing ID: 22609. Find photos and additional information at
http://www.eaglestar.net/ww5.html

40 Acres Farm and Woodland
Thursday, February 26, 2009
Selvin / Dale, Warrick County, Indiana
Tillable agricultural land with timber and road frontage for sale at auction.
The real estate consists of 40 (+/-) acres with no buildings. There are
approximately 12 (+/-) acres tillable and the balance is wooded. There appears
to be some really nice timber on the property. The woodland is enrolled in the
Classified Forest Program. The topography is level. The property has road
frontage on the east & south sides. Listing ID: 22436. View photos and more
information at http://www.eaglestar.net/Detailed/22436.html


SPONSOR'S CORNER
The Land and Property Review would like to thank this week's sponsor, Stephen
Chilcote, Land and Timber Consultant. With more than 15 years of experience in
the forestry, land, and real estate fields, Steve is the person to turn to with
your timber, wildlife habitat, or land investment needs. See what Steve has to
offer and read some informative articles on topics from deer food plots to
sustainable forest management at http://www.chilcoteforester.com/default.htm


LANDTERMS.COM TERM OF THE WEEK
http://landterms.com
Each issue we feature a real estate, forestry, natural sciences or other
land-related term from our partner site, LandTerms.com.

This week's term: Land, tenants, and hereditaments
A feudal phrase used to describe all types of immovable realty including the
land, buildings and all appurtenant rights thereto. This is technically the
most comprehensive legal way to describe land or real estate ownership.
Historically, this term did not include incorporeal property such as easements.

Find thousands of land-related terms, definitions, articles, abbreviations,
quotations, and more at Landterms.com! Click on the "Categories" button at the
top of each page to see the list of over 35 categories.


SUGGESTIONS
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Email: newsletter@eaglestar.net

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