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Ranches For Sale
Ranch Land News
Most Costly Mistake Ranch Sellers Make
by Buzz Tatom
Engel & Völkers-Big Sky
The decision to sell a ranch is something that sellers usually have thought about for a period of time before the final decision is made to make a phone call to us. There are exceptions to this from sudden events, but even in that situation the thought has long been discussed over the dinner read more…
Becoming the proud owner of a ranch can provide intangible benefits like quality family time and embracing the beauty of nature. If you choose your property wisely and maintain well-kept land, you will also be able to reach substantial benefits. Choose your property wisely and manage the land carefully, and ranches can provide tangible benefits as well. Well-run working ranches can yield 1 percent to 3 percent of income annually, says Alex Maher, owner of Live Water Properties, a Jackson Hole, Wyo.-based real estate firm that specializes in ranches. “They can more than pay for their expenses and provide returns better than a CD.”
Ranch land can vary greatly by region, as well as factors that directly affect its value. Underlying factors that can affect value include things like supply and demand within the local or regional market, the price of cattle, interest rates for leasing land to graze as well as any number of other economic variables. Also, the price-per-acre of a pasture can vary depending on the type of amenities offered and resources that are readily available to aid with cultivation or foraging.
Class-A ranches—those in the best locations, with profitable cattle operations and wildlife habitat—weathered the financial crisis and recovered quickly, says James H. Taylor, managing partner at Hall and Hall, a national ranch and farmland broker. The reasons: rising commodity prices, a limited supply of properties and deep-pocketed owners. “There’s nothing that drives them to sell in a down market,” Taylor says.
If you are looking at purchasing ranch land that is located on streams and rivers, it is a smart move. “There’s tremendous value in owning land, particularly on streams and rivers,” says Paul Slivon, a San Francisco investment advisor who owns a roughly 200- acre ranch near Steamboat, Colo. “There are some places where you can’t get access to that water unless you own it. That’s a big deal. They can build new golf courses, but they can’t build new rivers.”
If you are unaware of what you’re getting yourself into, owning a ranch can turn into a tedious, time-consuming and costly responsibility. LandHub.com is here to help you every step of the way during the process of purchasing a ranch. We are pleased that you have chosen our platform to bring your vision to life. It is our hope that you find the ranch that you have always dreamed of.