Posted by wyod on March 06, 2008 at 11:56:33 from (209.181.20.14):
We've owned some acreage for about 15 years now... bought it with the thoughts of running a few head of cattle and some (extremely) small scale agriculture when we retire (coming up very soon!). Land sits at the very end of 2 seperate roads... one of the reasons we liked the place... figured the location and configuration would give us some privacy. As it is, our nearest neighbor's house is about 1/2 mile from the site where we plan to build our house... just about right as far as I'm concerned. Anyways, a local realtor contacted us about 3 years ago asking if we'd consider establishing a right of way (which would cross our property on the extreme western fenceline) to an adjoining property. I told her we were not interested. A couple of weeks ago, the same realtor contacted us to "urge" us into establishing the right of way. She told us that several owners to the south of us are putting their properties together into a large parcel (approx 2,500 acres... couple of million dollar deal) which would be sold and subdivided... I'm not sure if it would be into "ranchettes" or an actual subdivision. The "genious" behind this plan has concluded that the right of way across our place would be the best access for their proposed development. I informed her we weren't really excited by the thought of cars running up and down the road at all hours of the night and day... not to mention the probability of problems with trespass, etc, but would think it over. My missus & I have been pondering all the possibilities for a while now, and have decided to at least talk to the realtor. There are three different possibilities... the realtor has offered to buy 1)the (approximately 1 acre) right of way, 2)right of way AND the 20 acres it crosses (there is a barn and shop on this side), or 3) our entire property. (property is paid for and, if sold, would result in a huge profit from what we originally paid) At one point, we decided to just sell out and leave... but with all the tractors and implements, horses, etc, it's do-able, but a major pain in the back side... AND, we're not really sure WHERE we would re-locate... then we considered selling the 20 acres (which might create a "buffer" from the new road), but realized once that property is sold, the new owner could subdivide that as well... now, we're considering selling the right of way (still don't really want to, but are concerned that if they pull the eminanant (sp?) domain trick we'll lose and get NOTHING)... now the problem is that we don't know what the right of way is worth??? Local property is selling for $2K to $3K per acre. As far as we're concerned, the right of way is as valuable as our entire place, but not sure anyone else would see it that way. We're just trying to not get "skinned"... and don't want to make a deal and then regret it 6 months later. Sorry this is so long, but would really like to hear YOUR input!
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Today's Featured Article - On the Road with Dave Gohl: Auction Musings - by Dave Gohl. I was thinking the other day about all the auctions I've been to in the last few years. There've been many. Some have been very good, some have been well, disappointing to say the least. But no matter how good or bad auctions may be, we always seem to stay until the item we've come for or are interested in is on the block. I've been to some auctions near and far. I think the furthest has been the Two Cylinder 7 in the Amana Colonies last year. Lots of stuff, lots of people. I've also atten
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