Another land value question

Russell County AL

100 acres that was clearcut within the past few months. What is it worth and what would you pay for it?

For lease or sale? Most land for sale over that way was $2500-3500 an acre when I was looking about 8 years ago. Lease I'd imagine $10-20 an acre.

For sale. 100 acres of clearcut, no road frontage. Hurtsboro area

Land is worth what someone will pay for it. Simple. Pm me and I can give you a number to a guy that has lots of experience in that area from Union Springs. Personally, I would not pay anywhere near $2500/acre for clear cut property. Most land investors say you cannot pay more than $900/acre for dirt +timber value and come out ahead. The market has taken a big down turn in this economy in regards to recreational property.

They are asking $1450/acre. I would like to buy the place, but am only willing to pay $1000/acre ish. Just making sure Im not crazy for thinking $1400 is too high

1400 is too high, if it has been replanted already it may be worth 11 or 1200 if not $900 is top dollar to me

Damn good advice there. Especially the last sentence.

Dr. B

If it has been sprayed and replanted you can add about $150-200/acre to the value because you won't be having to pay for it. I would doubt it has been sprayed and planted though.

If it had frontage on an all weather road that might bump up price a little. Could pay for itself in the future if timber harvests were timed to take advantage of it.

I would check the access before I did anything, and I would think the price is too high.

a good place to start is fair market value,when buying land you need to pay/offer what you think its worth.

They have not sprayed or replanted the place. This place does not have road frontage, however it adjoins some land I already own, which does have frontage. I'm still thinking $1000/acre tops.

If you have a common border that would make it more valuable the way I see it. Start at $1000 and work towards their asking price.

If he thinks its worth $1000/acre, why would he start at $1000?

Because you usually only get one chance to buy adjoining property. I would hate to know I missed a parcel next to me over a couple of thousand dollars.

It has happened to me many times. No big deal. I've never regretted not buying it for what I felt was too much.