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landbuyer · 6 months ago

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Comprehensive Guide to Sell Land in Texas: Tips, Strategies, and Legal Considerations

Introduction

Sell land in Texas can be a lucrative endeavor, given the state’s vast and varied landscapes, booming real estate market, and robust economy. Whether you are a seasoned landowner or a first-time seller, navigating the complexities of land sales can be daunting. This comprehensive guide aims to demystify the process, offering valuable insights, tips, and strategies to help you successfully sell your land in Texas. We will cover everything from understanding the market, preparing your land for sale, marketing strategies, negotiating with buyers, to legal considerations, and closing the deal.

Understanding the Texas Land Market

The Texas Land Market Landscape

Texas is one of the largest states in the U.S., with a diverse range of landscapes from bustling urban areas to sprawling ranches and serene rural plots. The state’s economic vitality, driven by industries such as oil and gas, agriculture, technology, and tourism, makes it a desirable location for land investments.

Market Trends and Data

To sell land effectively, it’s crucial to understand current market trends. According to recent data, Texas has seen a steady increase in land prices, with significant demand in both rural and urban areas. Analyzing market reports, such as those from the Texas Real Estate Research Center, can provide valuable insights into pricing trends, buyer preferences, and emerging hotspots.

Preparing Your Land for Sale

Assessing Your Land’s Value

Determining the value of your land is a critical first step. Factors influencing land value include location, size, topography, access to utilities, zoning regulations, and potential for development. Engaging a professional land appraiser can provide an accurate valuation, which is essential for setting a competitive asking price.

Enhancing Curb Appeal

Just as with residential properties, first impressions matter. Enhancing the curb appeal of your land can attract more buyers and potentially increase its value. This might include clearing debris, maintaining pathways, and ensuring any existing structures are in good condition.

Survey and Documentation

Having an up-to-date land survey is crucial. It clearly defines the boundaries and provides essential details about the property. Additionally, gather all relevant documentation, including the deed, previous sale records, tax receipts, and any permits or zoning information.

Marketing Strategies for Selling Land

Listing with Real Estate Platforms

In today’s digital age, online real estate platforms are vital for reaching potential buyers. Websites like Zillow, LandWatch, and Realtor.com are popular choices. Ensure your listing is detailed, with high-quality photos, a compelling description, and key information about the land’s features and potential uses.

Working with Real Estate Agents

Partnering with a real estate agent who specializes in land sales can be highly beneficial. They bring expertise, market knowledge, and a network of potential buyers. Choose an agent with a proven track record in your specific area.

Utilizing Social Media and Online Advertising

Social media platforms such as Facebook, Instagram, and LinkedIn offer powerful tools for marketing land. Create targeted ads to reach specific demographics, or join local real estate groups to share your listing. Online advertising through Google Ads can also drive traffic to your listing.

Negotiating with Buyers

Setting a Competitive Price

Setting the right price is a balancing act. Overpricing can deter potential buyers, while underpricing may lead to financial loss. Use the valuation from your appraiser and comparative market analysis to set a competitive price. Be prepared for negotiations and have a minimum acceptable price in mind.

Understanding Buyer Motivations

Different buyers have different motivations. Some may be looking for investment opportunities, while others might want land for personal use, such as building a home or starting a farm. Understanding their motivations can help you tailor your pitch and negotiate more effectively.

The Art of Negotiation

Negotiation is an essential skill in land sales. Be prepared to discuss terms, contingencies, and price. Stay flexible and open to compromise, but also know when to stand firm on critical aspects. It’s often helpful to have your real estate agent or lawyer present during negotiations to ensure all legal and financial aspects are covered.

Legal Considerations and Closing the Deal

Title and Escrow

Before closing the deal, it’s imperative to ensure that the title is clear of any liens or disputes. Working with a title company can help facilitate this process. They will conduct a title search and provide title insurance to protect both parties from future claims.

Contracts and Agreements

A legally binding contract outlines the terms of the sale, including the price, contingencies, and closing date. It’s advisable to have a real estate attorney review the contract to ensure all legal requirements are met and to protect your interests.

Closing Process

The closing process involves signing the final documents, transferring ownership, and receiving payment. This is usually facilitated by a title company or real estate attorney. Make sure all paperwork is in order and funds are securely transferred.

Post-Sale Considerations

Tax Implications

Selling land can have significant tax implications. It’s important to understand capital gains taxes and any other local or state taxes that may apply. Consulting with a tax advisor can help you navigate these complexities and plan accordingly.

Reinvestment Opportunities

If you’re selling land as an investment, you might want to consider reinvesting the proceeds. Options include purchasing other properties, investing in stocks or bonds, or exploring other ventures. Real estate professionals and financial advisors can provide guidance on the best reinvestment strategies.

Reflecting on the Sale

After the sale, take time to reflect on the process. What worked well? What could have been done differently? Learning from each transaction can improve your future real estate endeavors.

Case Studies and Success Stories

Case Study 1: Rural Ranch Sale in West Texas

A ranch owner in West Texas successfully sold their property by leveraging local market knowledge and professional networks. They worked with a specialized real estate agent, conducted minor improvements to enhance the property’s appeal, and marketed extensively through online platforms. The result was a quick sale at a favorable price.

Case Study 2: Urban Land Sale in Austin

An urban landowner in Austin navigated the competitive market by focusing on zoning potential and development opportunities. By highlighting the land’s proximity to amenities and future growth potential, they attracted multiple offers and secured a deal significantly above the asking price.

Common Challenges and How to Overcome Them

Market Volatility

Real estate markets can be volatile. Staying informed about economic indicators and market trends can help you make better decisions about when to sell. If the market is down, consider holding onto your land until conditions improve.

Legal and Zoning Issues

Navigating legal and zoning issues can be complex. Engage with professionals, such as real estate attorneys and zoning experts, to ensure compliance and address any potential roadblocks early in the process.

Finding the Right Buyers

Finding the right buyers can be challenging, especially for niche properties. Utilize targeted marketing strategies, work with experienced real estate agents, and consider offering incentives, such as financing options or development plans, to attract buyers.

Conclusion

Selling land in Texas can be a rewarding venture, offering substantial financial benefits and opportunities for growth. By understanding the market, preparing your land effectively, employing strategic marketing, and navigating the legal landscape, you can achieve a successful sale. Remember, the key to a smooth transaction is thorough preparation, professional assistance, and a clear understanding of the process from start to finish.

#sell land for cash in texas #sell land in texas #sell my land in texas #across the spiderverse

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rabbitcruiser · 2 months ago

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National Farmers Day

What is Farmers Day?

Farmers Day is celebrated every year on October 12! The profession of farming began around 12,000 years ago with the domestication of livestock as hunter/gatherers settled down and started to plant their own food. In short, farming is one of the oldest jobs around. So let‘s take a moment to give some love to all the farmers who work tirelessly to feed us year round.

When is Farmers Day 2022?

Farmers Day in the U.S is observed on October 12 every year. Other countries celebrate the holiday on different days, with India and Pakistan holding large celebrations in December.

History of Farmers Day

Agriculture is one of the world’s oldest and vital professions. Farmers have remained one of the highest contributors to economic growth while consistently feeding the people who rely on their goods. Originally referred to as Old Farmer’s Day, National Farmers Day was cultivated to celebrate the hard work farmers put into growing their crops. The date of October 12 came about as it lands at the end of the traditional harvesting period, allowing farmers to participate in festivities, which can sometimes last the entirety of the month. Additionally, every three years, the Harvest Moon will fall in early October, preceding and leading up to National Farmer’s Day on the 12th.

In fact, in Loranger, Louisiana, there’s an Old Farmer’s Day Festival which celebrates and showcases the traditions and methodologies of farming before it became the modernized and scientific venture it is today. Usually, in states in the northern US, the first frost would occur in the beginning of October, if not the middle, requiring many farmers to harvest their crops beforehand to prepare for the winter. Now, because of scientific developments in farming techniques, the traditional growing period can be prolonged to increase yield and profit, part of the reasoning why National Farmer’s Day tend to extend its celebrations in rural areas to National Farmer’s Month.

Farmers Day timeline

12,000 BC ELet's settle

People began to leave their nomadic hunter gatherer lifestyle and settled down as farmers.

Mid 1600s You say you want a revolution

The British Agricultural Revolution began due to an unprecedented increase in agricultural production.

1902 The National Farmers Union was founded.

The NFU was founded in Texas by ten family farmers. The union advocated for voting rights for women, fair market access for farmers, and increased co-operative rights.

1934 Farm to table goods

Farmer's Markets began in Los Angeles as a way for farmers and merchants can sell their wares from permanent stalls.

Traditions of National Farmers Day

Thank a farmer

They’re the backbone of the breadbasket and what feeds not just this country, but many other nations as agriculture is usually a major export. Make sure you thank a farmer today for all their hard work keeping bread on tables everywhere!

Buy from a local farmer

One of the best ways to thank a farmer is with your wallet. Head to a farmer’s market or join a local CSA (community supported agriculture) to get some fresh, local produce, eggs, or even grass-fed meat.

Start a garden

Or become one yourself! Growing your own food is one of hte most sustainable and rewarding ways to celebrate National Farmer’s Day. It may have a tough learning curve to plant and grow just a few tomatoes, but the taste of tomatoes right off the vine will make it all worth it.

Stats about National Farmers Day

2 million – the number of farms in the U.S. $1 trillion – The contribution of agriculture to the US economy. 1.3% – The percentage of the U.S. labor force made up by ranchers. 90% – The percentage of U.S. crop losses caused by extreme weather 50,000 – The number of jobs available in agriculture in the U.S each year. 40% – The percentage of crop cash that is generated by corn and soybeans. 166 – The number of people the average U.S farm feeds each year. 25% – The percentage of food that Americans throw away every month.

Farmers Day FAQs

Which day is celebrated as Farmers Day?

National Farmers Day is celebrated annually on October 12 Why do we celebrate Farmers Day?

Farmers have one of the oldest and most important jobs. On October 12, we celebrate the hard work they put in year long in order to keep our economy thriving and our stomachs full! What is National Ag Day?

National Ag day was created in order to recognize all fields that fall under the agricultural category. This day is celebrated annually on March 14.

Farmers Day Activities

Go to a farmers market

Start your own mini-farm

Earn your stripes with a farmer's tan

Support your local farmers by shopping at the local Farmer's Market. Keep in mind that by shopping with small businesses, you are helping an entrepreneur provide for their family or expand their business. America has a history of family farming and your support helps keep their dreams alive.

According to one of the top Kansas City PR Firms, only 2% of Americans grow their own food. What better way to celebrate National Farmers Day than to become your own farmer? Think how awesome would it be if your favorite fruits or veggies were growing in your backyard. Don't have a yard? No Problem. Many neighborhoods have community gardens where you can test out your green thumb.

We're not saying to throw out your sun block, but it might be fun to show solidarity with your local farmers by sporting your own t-shirt tan! Enjoy the sunny day outdoors and learn the true meaning of a Farmer's Tan.

Why We Love Farmers Day

Farmers perform one of the world's oldest jobs

They grow our food

Farmers are dedicated, hard workers

Farming developed independently all over the globe, whether is was farming rice, wheat, bananas, shrimp, or almonds, farmers are working tirelessly all over the globe to feed the world.

It is hard to imagine a world without having access to fruits and vegetables. Fortunately, there is a group of professionals that dedicate themselves to growing the perfect produce. Farmer's play a vital role in our society by providing us with the luxury of purchasing fruit and vegetables at any given time.

Deciding to be a farmer is a decision that not many take lightly. Creating a farm requires investment, tons of hard work, equipment, time and a passion for growing food.

Source

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fresh-bag-of-ham · 1 year ago

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Wait sorry could you elaborate a little about that housing post? My experience (heavily influenced by college towns to be clear) has been that landlord corporations will buy up single family homes quickly for cash, which means that 1) there is a shortage of housing for people who want to purchase homes rather than rent, 2) the landlord companies are extremely predatory and rent to students charging them each $$$$ to live there no matter how many people are living in the house, and 3) building new housing, including multifamily apartments, does nothing to fix this because it's built by developer corporations that set ridiculously high rents and don't care if many of the units are unoccupied. I can see how the proposed legislation would do nothing but shift who's getting screwed over, but I don't see how "build more housing" on its own actually fixes the root issue if the new housing is just as expensive + it's still the predatory landlord companies owning everything. But I also don't know very much about this outside of my general observations.

Yes, I can elaborate!

There's a shortage of housing for everyone in the US, period, which is making the housing that does exist more valuable, period. This makes owning a rental property a great investment (super low vacancy rate!), and it also makes buying a condo purely as somewhere to stash your money for a while a great investment (price almost guaranteed to be higher when you sell it later!). All this competition does make it harder for people who want to buy a home just to live in themselves, but the investors they're competing against are reacting ""rationally"" to a general scarcity that already exists.

College towns, because of the relatively fixed base demand of students needing places to live close to campus, are unfortunately really prone to predatory landlords -- I mean, I was in college 2006-2010 when the housing bubble burst and there was basically no effect on student rent prices. All 25,000 of us students were still all competing for the same scrubby rental houses.

[much elaboration below the cut...]

What does affect the student housing prices is changing land use code to allow mid-rise apartment buildings. The new housing was expensive, top of the market, sure, but buildings are crazy expensive to build right now, and the building is also pretty nice. So suddenly the wealthiest 1,000 students are living in the brand new 20-story building with the in-house pool and gym, and now there's only 24,000 students chasing the same scrubby rental houses. The effect on prices is far from immediate, but after a few mid-rise apartment buildings go up, after you get maybe 5,000 new units to the market, people have more options and the natural vacancy rate starts creeping up? The owners of the scrubbiest rental houses start to worry. With so many other options for renters, do they have to lower rents to compete? Fix up their units? Or do they have to sell off a couple properties, maybe the ones furthest from campus? Or do they have to get out of the business altogether?

This is overly simplified of course, and, depending on other factors, increasing housing supply might only result in less upward pressure on rent prices, but you can actually see all the 'how to get rich without working' passive income bros start to freak out in real time on twitter when a town where they own a small rental empire starts upzoning and issuing building permits, because what they're exploiting to make money is housing scarcity.

There are a couple of general ideas around this floating around in various states of exaggeration that are misrepresentations or distortions of reality. To address a couple...

youtube

This video addresses the idea that inspired the proposed legislation from a few days ago, the idea that the housing shortage is being caused by Wall Street investors buying up single-family homes.

This article is really important in addressing something you mentioned, the idea that landlords "don't care if many of the units are unoccupied". The number of unoccupied units, otherwise known as the vacancy rate (and its inverse, the occupancy rate), is something landlords care a lot about.

This in-depth report describes a relatively new company that offers landlords not just software, but access to a dataset of all rental rates in their area. Not just asking rents for available listed units, but all rents being charged for every unit. Using this dataset, the software recommends that landlords set their rents some amount higher and accept a (slightly) lower occupancy rate.

The company had been seeking occupancy levels of 97% or 98% in markets where it was a leader, Winn said. But when it began using YieldStar, managers saw that raising rents and leaving some apartments vacant made more money. “Initially, it was very hard for executives to accept that they could operate at 94% or 96% and achieve a higher NOI by increasing rents,” Winn said on the call, referring to net operating income. The company “began utilizing RealPage to operate at 95%, while seeing revenue increases of 3% to 4%.”

I feel like people are imagining a building with maybe 20% vacancy? Maybe 30% vacancy if you were imagining a particularly greedy landlord?? But this article describes a shift from 2-3% vacancy (basically enough to allow a short turnover period between tenants) to 5% vacancy. And even that, the landlords could hardly stomach at first! Because vacant units feels like leaving money on the table, it goes against all their business sense.

But a shift from 2-3% to 5% vacancy still takes some units off the market, right? Well, yes, but a) I wouldn't call that "many", and b) in the grand scheme of things it means waiting a couple more months between tenancies. That's certainly not good, but the far more devastating effect of this scheme is that a small increase in the vacancy rate is no longer a downward force on rent prices.

So let's say they've been operating at 98% occupancy, charging $1000/mo rent. To take in 4% more revenue at 95% occupancy, that's basically a 7% increase in rent, $1073/mo. At that price, for revenue to fall back to what they'd been making before at 98% occupancy (which presumably was enough to cover operating expenses), the occupancy would have to drop to 91%.

So where this company would previously only tolerate maybe a 3% vacancy before dropping rents to fill their available units, this company now would tolerate a 9% vacancy rate in theory. Because of the demand for housing being what it is they're operating at 5% vacancy and just raking in profits like they describe.

On the one hand, this is definitely a huge problem. This company's software has become incredibly prevalent among landlords across the country, and the DOJ is currently investigating this company for antitrust violations because of the data sharing and price-setting that this company/algorithm has enabled. So that's encouraging!

On the other hand, this whole scheme wouldn't even be possible if we didn't have a housing shortage to begin with. In a housing surplus, the first building to fall below their vacancy threshold would have to start lowering rents and leasing more units to cover the difference, those additional units on the market would start to increase vacancy rates in other buildings and they'd do the same thing, and the whole house of cards would collapse.

tl;dr: Yes, the new housing itself (without subsidies from every level of government to build an affordable housing development) will likely be top of the market (after all, it's brand new) but housing scarcity generally allows everybody to jack up rents and behave predatorily, even the landlords of the oldest and shittiest rentals, and the only counter against that that doesn't leave somebody out in the cold is to increase housing supply.

#i hope this helps explain #i'm not in the industry but i'm involved in a local pro-housing advocacy 'yimby' group so i read about this quite a bit #housing

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wetsteve3 · 2 years ago

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Joe Mauldin, Jerry Allison And Buddy Holly On Their New Motorcycles

Today is the day the music died.

Buddy, Waylon & The Ariel Cyclone

February 3, 1959 — The Day the Music Died.

Buddy Holly, Ritchie Valens, “The Big Bopper” J.P. Richardson, and their pilot, Roger Peterson, die in a plane crash near Clear Lake, Iowa. Holly leaves behind millions of adoring fans, a pregnant wife and a legendary 1958 Ariel Cyclone Motorcycle.

May 13, 1958 - Buddy Holly and his Crickets bandmates, Joe Mauldin and Jerry Allison, land in Dallas after a world tour. They go straight to a Harley-Davidson dealership looking to buy three Harley 74 flatheads. The salesman is skeptical that the three young men from West Texas have the wherewithal to purchase three of his expensive motorcycles, and tells them so. Put off by the rude salesman, the boys go across town to Miller’s Triumph Shop. This time, Buddy introduces himself and produces a large amount of cash to ensure that it is known they are serious buyers. It is probably not necessary because Betty Miller, co-owner of the Shop with her husband, Ray, recognizes Buddy and the Crickets the moment they come in.

Mauldin picks out a red Triumph Thunderbird. Allison goes for a Triumph Trophy TR6A. Buddy buys the new 650cc Ariel Cyclone — one of only 200 ever made.

That summer, between tours and television appearances, Buddy and his friends are often seen riding their motorcycles around town in Lubbock.

October 1958 — Buddy Holly splits from The Crickets.

Early 1959 — Buddy Holly is touring the Midwest with his new band, including bassist Waylon Jennings. Also on the tour are rising artists Ritchie Valens and “The Big Bopper” J.P. Richardson. The going is rough aboard cold, uncomfortable buses and, frustrated by the conditions, Holly charters a plane from a performance in Clear Lake, Iowa to the next stop in Moorhead, Minnesota. Holly bandmate Tommy Allsup and Valens toss a coin for a seat on the plane — Valens wins. Waylon surrenders his seat to Richardson, who is sick.

Buddy Holly & Waylon Jennings February 3, 1959, 12:30 am — Holly, Richardson and Valens take off with Peterson, their 21-year-old pilot. The rest is history. Buddy Holly was 22 years old when he died. Richardson was 28. Valens was 17. Waylon lives on to be one of the most legendary country music artists of all time.

Buddy’s father keeps his Ariel Cyclone until 1970 when he trades it to Nub Stovall, a local racer, for two Yamaha 55cc Trailmasters. Stovall sells the Ariel to another individual, who tries to resell it to a local Honda dealer, George McMahan, for $1000. McMahan wants the bike, but does not have the funds.

Waylon Receiving His Birthday Present 1979 — Former Crickets Mauldin and Allison want to do something special for the 42nd birthday of their old friend, Waylon Jennings. They track down Buddy’s motorcycle to the man who still owns it in Austin, Texas. They buy the bike and have it delivered to an empty hotel room in North Texas where Waylon is on tour. Upon seeing his gift — at midnight — the outlaw Waylon jumps on the bike and kick starts it right there in the hotel room, to the delight of the other guests. Waylon only rides the Ariel a couple times and then lends it to the Johnny Cash Museum in Nashville.

2002 — Waylon Jennings passes away.2014 — The Ariel is auctioned off as part of Waylon’s estate. George McMahon has his second shot at owning the legendary bike. (McMahan had done well as a land developer in Lubbock and now had the means to buy the Ariel.) At auction, the bike quickly is bid up to $475,000 and McMahan bows out, fearing he has missed his chance again.

But fate is with McMahan. The Ariel does not reach the seller’s minimum and does not sell at the auction. Jessi Coulter, Waylon’s widow, is taking offers based on price AND intended use. McMahan makes his offer and specifies his use — riding the bike just one time and then loaning it to he Buddy Holly Center in Lubbock. Done deal.

This is the incredible story of a legendary 1958 Ariel Cyclone, owned by two of the biggest legends in music history. Check it out at the Buddy Holly Center if you’re ever down in Lubbock — but note, no pictures allowed.

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infobae-news · 3 months ago

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‘It's borderline criminal’ – Manufactured housing was an affordable homeownership option. Now, investor-owned parks are pricing residents out

At the end of the month, Edmund McGahey plans to load up his U-Haul with the American flag neatly rolled behind his front door, take his wind chimes down from his front porch, pack his eight potted Christmas cacti, and leave for Texas.

With an outstanding mortgage he has no choice but to hand the keys to his double-wide manufactured house within Great Brook Village over to his bank. He can’t sell it due to rising park rental fees.

McGahey, a 74-year-old Vietnam War veteran, envisioned the over-55 community as an affordable place to retire when bought the home in May of last year for $80,000.

When he first looked at the property, the rent for the lot of land beneath the home was $528 per month. By the time his loan was approved and he moved in, it increased to $829. As of July 1, rent on the plot was up to $965, and when a prospective buyer looked into making an offer on the house, the property manager said the new monthly fee would soon grow to over $1,000.

McGahey’s moving in with his daughter for health reasons, but if he stayed put, he’s not sure how he’d pay his bills. After an out-of-state investor, Oakshire Capital, purchased the park in 2021, rent increases soon followed.

Great Brook Village is not an anomaly in these rising prices. Across the country, investors have purchased manufactured housing parks in wide swaths. Residents can be cash cows for park owners, as they own their houses but only rent the land their homes sit on.

With a $1,050 monthly mortgage, the rent practically doubles McGahey’s bills.

“Bottom line is I have to move, but I am caught between a rock and a hard spot,” he said. “My credit is going to be totally destroyed. It was a very hard decision to make, but I have to do what’s best for me.”

Other residents in the park have hired a lawyer to contest the rent increases. Median home sale prices in New Hampshire recently hit $500,000 and rental vacancy rates remain below 1 percent statewide. With this landscape, they fear they have nowhere else to go.

Meanwhile, McGahey said he has no choice but to walk away.

“He’s holding me hostage here because I cannot sell my house and I have to get out of here,” McGahey said. “I never thought I’d be in this kind of predicament where I’m just going to turn the house back over to the bank. I just can’t do it. The stress alone is enough to drive anybody crazy.”

‘Not a good situation’ When McGahey moved into his three-bedroom, two-bathroom double-wide home, he replaced the old carpets, put a fresh coat of paint on the walls and spruced up the landscaping. He hung a framed photo of him and his late wife, Ann, above a small table in the living room. In the drawer, McGahey saved bills and notices from the park. The latest notice from the property manager – Matt Dennehy, who did not return requests for comment in this story – warned that monthly fees were increasing to $965 beginning July 1. It still had the blue masking tape used to stick it to his door.

The trend of investor interest in these parks began in 2015, according to George McCarthy, the president and CEO of the Lincoln Institute of Land Policy, a nonprofit that looks at trends nationwide. Since then, about 30 percent of manufactured housing sites across the country have changed hands to investors looking to turn a profit.

“Manufactured housing communities are considered to be the best-performing reach in the real estate investment trust sector,” he said. “So there’s been a lot of capital flowing in that direction, unfortunately for people who live in manufactured housing parks.”

In 2021, the 5.8-acre Great Brook Village was sold to Oakshire Capital for $4.2 million. Horvath and Tremblay, an investment real estate company based out of Massachusetts, arranged the sale.

Oakshire Capital manager Bradley Pereira did not reply to email and phone requests for comment.

McGahey didn’t realize his park was investor-owned when he purchased it. Meanwhile, longtime residents watched the sale happen, hopeful that a new owner would maintain the park as was.

Bob Denutte, 70, has lived in Great Brook Village for 14 years, a few doors down from McGahey. When he moved in, rent was a little over $300, he said. New rent for prospective buyers is now $1,195.

“He lied to everybody and tried to make him look good and said he would be a perfect owner and take care of everybody’s issues,” he said. “It was a scheme.”

Often manufactured houses are referred to interchangeably as “mobile homes.” To McCarthy, that’s a misnomer, because once a house is purchased it’s rarely moved. The cost of picking up the structure and delivering it somewhere else costs thousands of dollars.

If McGahey was staying in state, it would be unlikely his house would follow him if he left the park.

“I didn’t know anybody up here at all when I first moved in. They said it was a great place to live,” he said. “People are fantastic but everybody is up in arms about the rent increases. He’s destroying my life and getting away with it and there is absolutely nothing I can do about it.”

‘Deaf ear’ When an investor purchases a park, the change in ownership can often lead to a downturn in services – from trash collection to lawn care.

That has been the case at Great Brook Village, as well. Residents were recently asked to pay an additional trash collection fee. Denutte has asked for branches to be trimmed near his home with no response. One recently fell through his roof and cost him more than $3,000 to repair.

For nearly 20 years, Bruce Buckingham, 68, has lived in the park, in a double-wide home with a deck.

Erosion on the property has caused his deck to drop and his driveway to collapse. He is in an ongoing dispute with the park owner over whose responsibility it is to fix, arguing that he does not own the land where these problems are present. Building permit records from 2019 indicate that the deck needs to be replaced.

“He’s turned a deaf ear on it, he just won’t hear of it,” he said.

Buckingham has written to the Attorney General’s office, state representatives, manufactured home associations and the congressional delegation about his issue. The unanimous response has been to get an attorney, which he previously did but could not afford to retain.

“It’s very frustrating for people like us on fixed incomes that can’t afford an attorney,” he said. “It’s not a good situation.”

Resident-owned alternatives Mike Cox’s house is no different than those at Great Brook Village. It’s a double-wide, three-bedroom, two-bathroom manufactured home in a neighboring park in Belmont, he purchased for just over $80,000.

Since 2005, Cox has seen a $20 increase in the rent on his lot, which currently sits at $370 a month – he lives in the Lakes Region Manufactured Housing Cooperative, a resident-owned community since 2000. Next year, the park mortgage will be paid off, shedding another expense for residents.

A movement has been afoot in New Hampshire where residents band together to buy and own the land as a cooperative, giving themselves control over decisions, like lot rent. They elect leaders to manage the park bylaws and have collective input on decisions.

When a park is for sale, as Great Brook Village was in 2021, residents are offered the first right of refusal to purchase it. At the time, they passed on the offer, fearing that the cost to maintain the park themselves would equate to $900 in rent.

At the time, Denutte said Pereira, the owner of Oakshire Capital, visited and reassured residents about the sale so they backed down.

“If they had known this was going to happen I’m sure they would have done it,” said Denutte. “I’m sure they would have made more of an effort to purchase it.”

Over the last four decades, the expansion of resident-owned communities has become a staple of affordable housing in the state and the most prolific solution to maintaining these communities, according to the Lincoln Institute’s McCarthy.

New Hampshire has led the nation in this trend, with the first cooperative established in Meredith in 1984. Nearly 150 exist across the state. In the Merrimack County area, out of a total 58 manufactured housing parks, 22 are resident-owned.

On average, resident-owned community rent is $400 a month, according to data self-reported by park boards. Rent increases in investor-owned communities can outpace cooperatives by 50 to 100 percent, according to surveys that McCarthy has reviewed.

To Cox, living in a resident-owned park provides protections that others don’t offer, especially for senior residents. Before any changes to the bylaws are made, the community requires a vote. The co-op has a management company that collects rent and oversees the park finances. And state laws also provide guidance.

“We have quite a few people in the park that are in their 80s. They only live on Social Security,” Cox said. “Now, if we were to do what this other place just did? What would we do to these people? We’d destroy them. That’s not our intention. We want people to have a place where they can have and call it their home.”

‘This is how they play the game’ McGahey walked gingerly from his front door to a recliner in his living room. He can no longer live alone – he suffers from AL amyloidosis, a rare disease linked to Agent Orange herbicides used in Vietnam – opting to move to Texas to be with his daughter.

In June, he listed his house for $120,000 and hoped to sell it by the end of the summer. At the beginning of July, he cut the price to $110,000. Currently, it’s listed for $80,000, which means he’ll lose money on the sale after the real estate agents take their fees.

If turnover in the park stalls, then home values depreciate, as well.

“No one wants to buy the property because they know what it is going to cost them to rent, people can’t move,” said McCarthy. “If you can’t ever liquidate that into available money, it’s not worth anything, right?”

This is exactly McGahey’s predicament. He had one prospective buyer but when they learned the amount of the lot rent, they backed out. He doesn’t blame them.

His neighbors are equally outraged.

“He’s holding everybody hostage who is trying to sell now because he knows they can’t. He knows nobody is going to move in here and pay $1,200 for rent,” said Denutte.

The October notice left at McGahey’s door included a phone number for mediation through the state’s Manufactured Housing Consumer Action Program.

New Hampshire state law requires that when an owner increases the rent by more than $15 a month, residents can request a private mediation with the owner if more than half of the park residents agree for the session to take place.

To McCarthy, it’s an innovative solution that centers on residents’ concerns. In other states, he’s seen policy focus more on rent stabilization, instead.

At Great Brook Village, though, it hasn’t worked. Residents have now pooled money to hire a lawyer – with asks of $600 each to meet the retainer of $35,000. They’ve also considered hosting fundraisers to help.

“What we’re trying to do is find some way of getting rent back down, where it is civilized and where people will be able to sell their homes if they want, so they can move,” said Denutte.

Buckingham has spent years researching this trend across the country, learning about a cruel cycle that now envelopes his property and life.

“We’re all retired and living on a fixed income so that’s what they do. They rule with fear and intimidation. They scare people. They say, if you don’t do this, we’re going to evict you,” he said. “This is how they play the game.”

McGahey plans to attend his final two Veterans Affairs appointments in New Hampshire before going to the bank and beginning the paperwork to hand his house over. After long conversations with his three children, they picked a date to help him pack up and leave his house behind.

“I’m holding my breath that maybe my real estate agent can find a buyer, but it’s it’s not going to happen,” he said. “I’m a realistic person.”

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thelandbuyerpros · 20 days ago

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The Land Buyer Pros

The Land Buyer Pros empowers landowners across the USA to swiftly sell their land for cash. Our mission is to deliver a seamless, transparent, and profitable selling experience. With a small yet highly effective team, we believe that quality matters more than size, ensuring a unique and customer-focused process every step of the way.

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dailynow · 4 months ago

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‘It's borderline criminal’ – Manufactured housing was an affordable homeownership option. Now, investor-owned parks are pricing residents out

McGahey, a 74-year-old Vietnam War veteran, envisioned the over-55 community as an affordable place to retire when bought the home in May of last year for $80,000.

With a $1,050 monthly mortgage, the rent practically doubles McGahey’s bills.

Meanwhile, McGahey said he has no choice but to walk away.

‘Not a good situation’

When McGahey moved into his three-bedroom, two-bathroom double-wide home, he replaced the old carpets, put a fresh coat of paint on the walls and spruced up the landscaping. He hung a framed photo of him and his late wife, Ann, above a small table in the living room. In the drawer, McGahey saved bills and notices from the park. The latest notice from the property manager – Matt Dennehy, who did not return requests for comment in this story – warned that monthly fees were increasing to $965 beginning July 1. It still had the blue masking tape used to stick it to his door.

In 2021, the 5.8-acre Great Brook Village was sold to Oakshire Capital for $4.2 million. Horvath and Tremblay, an investment real estate company based out of Massachusetts, arranged the sale.

Oakshire Capital manager Bradley Pereira did not reply to email and phone requests for comment.

McGahey didn’t realize his park was investor-owned when he purchased it. Meanwhile, longtime residents watched the sale happen, hopeful that a new owner would maintain the park as was.

Bob Denutte, 70, has lived in Great Brook Village for 14 years, a few doors down from McGahey. When he moved in, rent was a little over $300, he said. New rent for prospective buyers is now $1,195.

“He lied to everybody and tried to make him look good and said he would be a perfect owner and take care of everybody’s issues,” he said. “It was a scheme.”

If McGahey was staying in state, it would be unlikely his house would follow him if he left the park.

‘Deaf ear’

When an investor purchases a park, the change in ownership can often lead to a downturn in services – from trash collection to lawn care.

For nearly 20 years, Bruce Buckingham, 68, has lived in the park, in a double-wide home with a deck.

“He’s turned a deaf ear on it, he just won’t hear of it,” he said.

“It’s very frustrating for people like us on fixed incomes that can’t afford an attorney,” he said. “It’s not a good situation.”

Resident-owned alternatives

Mike Cox’s house is no different than those at Great Brook Village. It’s a double-wide, three-bedroom, two-bathroom manufactured home in a neighboring park in Belmont, he purchased for just over $80,000.

At the time, Denutte said Pereira, the owner of Oakshire Capital, visited and reassured residents about the sale so they backed down.

“If they had known this was going to happen I’m sure they would have done it,” said Denutte. “I’m sure they would have made more of an effort to purchase it.”

‘This is how they play the game’

McGahey walked gingerly from his front door to a recliner in his living room. He can no longer live alone – he suffers from AL amyloidosis, a rare disease linked to Agent Orange herbicides used in Vietnam – opting to move to Texas to be with his daughter.

If turnover in the park stalls, then home values depreciate, as well.

This is exactly McGahey’s predicament. He had one prospective buyer but when they learned the amount of the lot rent, they backed out. He doesn’t blame them.

His neighbors are equally outraged.

“He’s holding everybody hostage who is trying to sell now because he knows they can’t. He knows nobody is going to move in here and pay $1,200 for rent,” said Denutte.

The October notice left at McGahey’s door included a phone number for mediation through the state’s Manufactured Housing Consumer Action Program.

To McCarthy, it’s an innovative solution that centers on residents’ concerns. In other states, he’s seen policy focus more on rent stabilization, instead.

“What we’re trying to do is find some way of getting rent back down, where it is civilized and where people will be able to sell their homes if they want, so they can move,” said Denutte.

Buckingham has spent years researching this trend across the country, learning about a cruel cycle that now envelopes his property and life.

“I’m holding my breath that maybe my real estate agent can find a buyer, but it’s it’s not going to happen,” he said. “I’m a realistic person.”

Matthew Altman

#news #dailynow

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aana1321 · 4 months ago

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dankusner · 7 months ago

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Local TikTok creators eye ban with dread

SOCIAL MEDIA

Community, livelihood at stake for influencers

In early 2020, Victoria Jameson was selling clothes from her closet to cover bills.

The professional makeup artist saw her jobs vanish overnight during the pandemic, and her bank account dipped under $100.

Jameson, who had been trying to break into social media influencing, doubled down on TikTok, where she posted hair and makeup tutorials and random snippets of her life.

Her videos found an audience. Jameson, who lives in Dallas’ Lower Greenville area, gained tens of thousands of followers over the next year, eventually scoring partnerships with QuikTrip, L’Oréal and, most recently, Samsung.

“TikTok truly changed my life,” Jameson, 31, said. “It was the first time I felt like I could be myself on a platform without having to curate a perfect-looking life with a full face of makeup or clean house.”

As TikTok faces an uncertain fate in the U.S., Jameson and dozens of other Dallas-area content creators are pushing back against the looming ban while contemplating a future without a key piece of their business and livelihood.

Citing security threats, President Joe Biden signed a bipartisan bill last month to force Chinese company ByteDance to sell TikTok.

If not, the social media app will be banned.

TikTok has already said it will fight the law.

Roughly 30 states, including Texas, have already banned the app from government-issued devices.

Despite those concerns, TikTok has soared in popularity since its debut in 2016.

An estimated 170 million Americans, nearly half the U.S. population, use the app.

TikTok has also proved lucrative for content creators, who leverage the video-sharing app to extend their reach and secure paid deals with brands and perks such as free travel.

Marketing agencies have hired some as consultants.

‘Our voices don ’t matter ’

Jameson, who has 970,000 followers on TikTok, said the platform has allowed her to go from making barely $30,000 a year to a “comfortable, six-figure salary.”

She even landed a spot on The Bachelor in 2023.

Lately, she has also posted videos imploring her followers to contact their representatives to voice opposition to the ban.

She accused elected leaders of fear mongering and trying to legislate something they do not understand.

“If TikTok goes away, so will a large chunk of my income,” she said.

“Creators are frustrated, scared and upset that our voices don’t matter to legislators.”

Amy Jovel, 37, moved from New York City to Dallas in early 2022 and knew almost no one.

As she explored Dallas, she posted TikTok videos about fashion, shopping and restaurants, soon gaining 20,000 followers and a group of close friends, who are fellow content creators.

While Jovel looks for a job in the hospitality industry, TikTok has supplied a substantial portion of her income and helped build partnerships with several brands, including Dove and Fossil.

Jovel said she has watched news of the ban with growing apprehension.

“This is about business, but it’s bigger than that,” said Jovel, who recently moved to Carrollton. “

Lawmakers from both parties have expressed concerns that Chinese authorities could force ByteDance to hand over U.S. user data or influence Americans by suppressing or promoting certain content on TikTok.

For example, they worry the platform could try to sway elections.

Both TikTok and opponents of the law have argued there is no proof of such claims and that a ban violates freedom of speech.

“Rest assured, we aren’t going anywhere,” TikTok CEO Shou Chew said last month in a video response on X.

“The facts and the Constitution are on our side, and we expect to prevail again.”

Waiting it out

Michelle Tran, a 26-year-old content creator who posts videos about fashion, Dallas and hair and makeup, joined the app as a cash-strapped graduate student in Houston who found she could highlight local restaurants while earning free meals.

Tran returned to her native Dallas in summer 2023 with plans to apply for medical school, but for now TikTok is providing a steady source of income.

If the U.S. government wants to tackle cybersecurity, Tran said, it should pass laws addressing personal data beyond one social media company.

“Facebook has our data. Businesses have our data,” said Tran, who has 30,000 followers. “Our information is in the hands of other people. Why specifically target TikTok?”

Some content creators are unconcerned by the TikTok ban.

Aquia Francisco, 35, posts videos about Dallas shops and restaurants and travel on her social media platforms and for The Nudge, a service that sends members ideas for activities in their city, for which Francisco serves as the Dallas director. She has more than 38,000 followers on TikTok.

Francisco, who estimates she receives about 10% of her income through TikTok, encouraged fellow influencers to diversify their social media network and develop a website to serve as a landing page for content. She said she thinks the issue will be resolved before the platform is banned.

“I am definitely not in a panic,” she said. “Like a lot of people, I’m waiting to see how this plays out. I can’t really see TikTok disappearing.”

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landbuyer · 8 months ago

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Navigating the Terrain of Cash Land Sales in Texas: A Comprehensive Guide

The allure of Texas' vast landscapes is undeniable, and for landowners, the prospect of sell land for cash in texas presents a unique set of opportunities and challenges. This blog post delves into the intricate process of selling land for cash in the Lone Star State, offering insights, tips, and considerations for those looking to navigate this terrain.

Understanding the Market Dynamics

The Texas land market is as diverse as its geography, ranging from arid deserts to lush valleys. Understanding the current market dynamics, including demand, pricing trends, and buyer preferences, is crucial. Factors such as location, land use potential, and accessibility play significant roles in determining value. Engaging with a real estate professional who specializes in Texas land sales can provide valuable market insights and strategic advice.

Preparing Your Land for Sale

Preparation is key to attracting buyers and securing a favorable deal. This involves clearing the land of debris, ensuring access routes are in good condition, and addressing any legal or zoning issues. Additionally, having your land professionally appraised can give you a realistic expectation of its market value and strengthen your negotiating position.

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Selling land for cash offers several advantages, including a faster transaction process, reduced complexity, and the elimination of traditional financing hurdles that buyers might face. This straightforward approach can be particularly appealing in a market where buyers are ready and eager to proceed with land development or use.

Navigating Legal Considerations

Legal considerations are paramount in any land sale. This includes ensuring clear title, understanding tax implications, and being aware of any environmental regulations that might affect the sale. Engaging with a real estate attorney who has experience in Texas land transactions can help navigate these complexities, ensuring a smooth and legally compliant sale process.

Marketing Your Land Effectively

Effective marketing is crucial to reaching potential cash buyers. This includes listing your property on platforms that target land investors and developers, utilizing social media, and considering direct mail campaigns in relevant areas. High-quality photographs, drone footage, and detailed land descriptions can significantly enhance your listing's appeal.

Negotiating the Sale

Negotiation is an art, especially when it comes to land sales. Being prepared with all relevant information about your land, understanding its unique selling points, and having clarity on your minimum acceptable offer is key. Flexibility and openness to negotiation can facilitate a successful transaction, but it's important to remain firm on your core requirements.

Closing the Deal

The closing process for a cash sale is typically quicker than traditional financing deals. However, ensuring all legal and procedural requirements are met is essential. This includes signing the deed, handling any closing costs, and transferring ownership. Working with a title company experienced in land sales can streamline this process.

Conclusion: Pioneering Your Path to Success

Selling land for cash in Texas is a journey that requires preparation, understanding, and strategic action. By embracing the opportunities and navigating the challenges with insight and preparation, landowners can successfully capitalize on the unique advantages that the Texas land market offers. Whether you're looking to sell a sprawling ranch, a serene piece of countryside, or a prime piece of development land, the path to a successful cash sale is paved with knowledge, preparation, and the right partnerships.

#sell land in texas #sell land for cash in texas #sell my land in texas

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sellmycommercialpropertyusa · 9 months ago

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mediamonarchy · 9 months ago

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https://mediamonarchy.com/wp-content/uploads/2024/02/20240220_MorningMonarchy.mp3 Download MP3 Private spacecraft launching, Bezos beating taxes and retraining your brain + this day in history w/paranoid woman climbs into X-ray machine to protect handbag from being stolen and our song of the day by Tunnelmental on your #MorningMonarchy for February 20, 2024. Notes/Links: Kid Rock and Jason Aldean just announced they will cancel New York from their “You can’t cancel America” tour. https://vxtwitter.com/BigBlueWaveUSA/status/1759688566492500380 US officer fired at handcuffed man in SUV after mistaking acorn for gunshot; Florida deputy Jesse Hernandez resigned after opening fire when he thought sound of acorn hitting police cruiser was shot from gun https://www.theguardian.com/us-news/2024/feb/16/florida-acorn-cop-shooting Video: Deputy Spooked by Falling Acorn Fires Gun at Suspect (Audio) https://www.youtube.com/watch?v=4l1zdL_q5Mo Air Force announces major shakeup to prep for war with China https://www.defenseone.com/policy/2024/02/air-force-announces-major-shakeup-prep-war-china/394125/ SpaceX just launched the Odysseus lander to become the first private spacecraft on the moon; The launch by Elon Musk’s company was initially set for a day earlier, but was delayed due to an issue with the spacecraft’s methane fuel https://qz.com/spacex-launch-odysseus-elon-musk-moon-1851259860 Video: Private spacecraft blasts off to attempt first US moon landing in 52 years | BBC News (Audio) https://www.youtube.com/watch?v=DX5dxBfCSUQ Elon Musk moves SpaceX to Texas after Delaware revoked his Tesla salary package; Musk moving SpaceX’s state of incorporation from Delaware to Texas comes after his Tesla pay package was voided by a Delaware court https://www.foxbusiness.com/markets/elon-musk-moves-spacex-texas-after-delaware-revoked-tesla-salary-package Inside Tesla’s lucrative side hustle: Automaker has cashed in almost $9 billion selling EV credits to rivals that fail to meet emissions regulations https://www.dailymail.co.uk/yourmoney/electric-vehicles/article-13075163/tesla-ev-credits-rival-automakers.html Jeff Bezos dumps another 2bn$ worth of $AMZN #stocks; Now 6bn$ in just 6 days 🙈 https://vxtwitter.com/DarioCpx/status/1758245376392614328 Video: Bezos saves $600 million in taxes by moving to Florida (Audio) https://youtu.be/8ZHPynCAhvQ Kirby Cornered Over Biden-TikTok Push, While Migrants Continue To Use App For Border Malarkey https://www.zerohedge.com/political/biden-announces-hes-tiktok-year-after-he-banned-it-all-federal-devices Video: “Can you explain the national security concerns [of TikTok]?” KIRBY (a day after the Biden campaign joined TikTok): “Concerns about the preservation of data and the potential misuse of that data and privacy information by foreign actors…” (Audio) https://vxtwitter.com/RNCResearch/status/1757112312069005660 Video: “Hey by the way, we just joined TikTok” (Audio) https://vxtwitter.com/BidenHQ/status/1756862645360099534 New York-Based “Law Firm” Sullivan & Cromwell Handling FTX’s Bankruptcy Case to Monitor Binance https://cryptonews.com/news/law-firm-handling-ftxs-bankruptcy-case-expected-to-become-binances-independent-monitor.htm *CAPITAL ONE TO BUY DISCOVER IN ALL-STOCK DEAL VALUED AT $35.3B https://vxtwitter.com/zerohedge/status/1759727082781716977 Capital One to acquire Discover Financial Services in $35.3 billion all-stock deal https://www.cnbc.com/2024/02/19/capital-one-acquiring-discover-financial-services-report-says.html Re: Ubisoft Exec Says Gamers Need to Get ‘Comfortable’ Not Owning Their Games for Subscriptions to Take Off – “If purchase isn’t ownership, then piracy isn’t theft. ” https://t.me/true_anarchy/18592 AI Is Inflaming Workplace Surveillance https://reclaimthenet.org/ai-is-inflaming-workplace-surveillance ‘Civic Listening’: Political Informants and Citizen Spies, Rebranded https://foundationforfreedomonline.com/civic-listening-political-informants-and-citizen-spies-rebranded/ ‘Trusted Messengers:’ Volunteer Censors Tra...

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