Our land near Sanford is finally on the market. This is one of those cases where a great realtor (Judson Vickery from Century 21 Triangle Group)* really sets the stage for a seller. Judson spent hours upon hours hunting down opinions and facts about the mineral rights, the lumber prices and worth of that lumber -if any, the neighborhoods nearby, the development opportunities, and the value of the land, ad infinitum. He labored. He toiled. He went down there a few times and talked to city officials. He talked to neighbors. He walked the land. He picked his way through the trees. He explored back roads and routes into the property. He worked his butt off.
In addition, he had to endure an indecisive owner. Us. Do we keep the land and wait for the mineral fracking thing to catch up? (We own the mineral rights, too.) Do we turn it into a solar farm? Do we develop the land ourselves? Do we... Or should we... What about hanging on to a small chunk and selling the rest? What if... Poor Judson. After all of that work, and after a final decisive moment ("Let's sell all of it -lock, stock and 72+ smoking barrels of acres."), he used his professionalism and experience to set what he believes is a fair number. And we believe him because we know him (first), and because this is not some comp that was done on paper or the internet without any real knowledge of the market conditions. This is/was/is some more actual work. This is what separates the men from the boys. (Or the women from the girls.) We will see what transpires. There are never any guarantees. We are realists first and foremost. However, if you are getting into this business, let us recommend one more time that you really, really, really, really want a realtor like our friend, Judson. So an ode and a salute to Mr. JV. IF you actually want to see the land online, here is a great link that captures the listing in fine form: 72+ Smoking Hot Acres of Developmental Goodness. Stay tuned.
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July 2020
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