The Press Room
A Turnkey Piece of Property
These developers don’t want to sell this land because they know what the future value will be. However, since houses aren’t selling as fast as they were 6-months ago, they need this investment money and are willing to sell. That’s what makes these properties bargains. When the housing market slows down, many related businesses slow down. Therefore many people who have bought forest-recreation land 5-years ago are willing to sell now, take their profits and reinvest in more forest-recreation land. Too, some investors are willing to sell smaller tracts, like 50-100 acres and take the money from that sale and buy more land further away from Atlanta. So there’s quite a bit of movement right now in forest-recreation land. These factors I’ve mentioned are just a few of the reasons that now’s a good time to buy. We’re seeing the price of land going up in some places, and the price of land going down in other areas. In the past, land prices have gone straight up. For the most part in our region, land values are holding steady. They’re not really going down, but they’re not going up at the rate they once were. Today if an investor will really shop the lands that are available, he or she can get some really-nice property at reasonable prices. I’m convinced that right now with the housing market depressed is the best time to shop for bargains in forest-recreation lands.
Question: Gary, do you have any real bargains right now in your market?
Brown: Yes, I do. I’ve got a fairly-large tract of 600-plus acres of rural property, which I classify as recreational and hunting property. This land has two houses and four lakes on it. It’s got mixed hardwoods and pines and already-established food plots. It also has 3 miles of road frontage. This land will be a great piece of property for someone to purchase so that they can hunt and fish there. And as we continue to see growth coming from Atlanta, with those 3 miles of road frontage, later on they may want to divide it up into 50-100 acre tracts and either have it for their children or grandchildren to have a place in the country or sell those smaller tracts. The 50-100 acre tracts will be easy to sell and will bring premium prices later, if a person buys these 600+ acres now and decides to divide it up and sell it later. This property will be a tremendous investment.
Question What makes this piece of property a deal right now?
Brown: Because the property already has the houses, the lakes, the green fields, the road system through it and the road frontage, it’s what I call a turnkey piece of recreational property. An investor can buy it today and start hunting and fishing on it tomorrow. And then, because it has the potential of being divided-up, and we know that much of the growth from Atlanta is coming south, we know this property can only grow in value. If someone’s looking for a dream piece of hunting and fishing property that they can write the check for today and start hunting and fishing on tomorrow, I don’t think you can beat this piece of property. The property also has water and power on it. So it’s set up and ready to go.
To contact Gary Brown and learn more about the properties he has available, you can e-mail him at firstname.lastname@example.org or contact him by phone at 678-414-9229, or mail him at 1325 Pennsylvania Avenue, McDonough, GA 30253.
Tomorrow: The Good Ole Days When Land Was Cheaper Are Now