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The Water Cooler
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<blockquote data-quote="cowzrul" data-source="post: 3507211" data-attributes="member: 5353"><p>1) Determine the area(s) you desire. Be prepared because then you might discover nobody wants to sell. This is what I have ran into the most.</p><p>2) How much work do you want to put into finding "your" future land? You can use a Realtor because they should be able to find the answers you're looking for like available utilities, school districts, future growth, etc. In Oklahoma County you can look at the County Assessors website for free or if you want to use an app for a small fee download "LandGlide" which shows parcel boundary and ownership. You can mail or call owners and ask if they are interested in selling.</p><p>3) Quality is a unique thing to think about. Right now almost all pieces for sale above 5 acres have flood plain or covered in sandstone. I loathe both.</p><p></p><p>IHMO if your able to pay cash or at least 30% down (most require 30 for speculative purchase) I would start looking. In 2009 I bought 40 acres right off I-40 outside MWC for $5500/acre. Two years ago I bought 4.4 acres just inside MWC limits for $16,500/acre. Friday I close on 13.25 acres for $17,400/acre. So you can see the rapid progression in prices. Monday I am listing FSBO my 4.4 acre piece for $100k even though I have been advised by two friend Realtors I could get $120. Half a mile down the street a Realtor has 3.87 acres listed for $189 but he won't get that anytime soon.</p><p></p><p>I have only purchased acreage 3 times in my life but this last pursuit has taken me 3 years. My 4.4 is a wonderful piece but we wanted at least 10. Another piece of advice is don't settle from your dream list at this time. It may take you 2 -5 years and you will pay a higher price down the road but you get very few chances to build exactly what you want.</p></blockquote><p></p>
[QUOTE="cowzrul, post: 3507211, member: 5353"] 1) Determine the area(s) you desire. Be prepared because then you might discover nobody wants to sell. This is what I have ran into the most. 2) How much work do you want to put into finding "your" future land? You can use a Realtor because they should be able to find the answers you're looking for like available utilities, school districts, future growth, etc. In Oklahoma County you can look at the County Assessors website for free or if you want to use an app for a small fee download "LandGlide" which shows parcel boundary and ownership. You can mail or call owners and ask if they are interested in selling. 3) Quality is a unique thing to think about. Right now almost all pieces for sale above 5 acres have flood plain or covered in sandstone. I loathe both. IHMO if your able to pay cash or at least 30% down (most require 30 for speculative purchase) I would start looking. In 2009 I bought 40 acres right off I-40 outside MWC for $5500/acre. Two years ago I bought 4.4 acres just inside MWC limits for $16,500/acre. Friday I close on 13.25 acres for $17,400/acre. So you can see the rapid progression in prices. Monday I am listing FSBO my 4.4 acre piece for $100k even though I have been advised by two friend Realtors I could get $120. Half a mile down the street a Realtor has 3.87 acres listed for $189 but he won't get that anytime soon. I have only purchased acreage 3 times in my life but this last pursuit has taken me 3 years. My 4.4 is a wonderful piece but we wanted at least 10. Another piece of advice is don't settle from your dream list at this time. It may take you 2 -5 years and you will pay a higher price down the road but you get very few chances to build exactly what you want. [/QUOTE]
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