Guest blogger National Land Reality discusses earnest money and if there is a difference between earnest money for home purchases compared to land purchases.
Timber cruises are performed by consulting registered professionals who have been extensively trained in the timber field to determine the characteristics of forest stands in preparation for sales.
Owning your own land is something you’ve always aspired to do. Now that you think you are ready to move forward, follow these steps to make your first investment positive, secure and stress-free.
When shopping rates for land loans, be sure you are comparing apples to apples. Knowing the term is just important as knowing the rate. 8% of a 20 year term with a 3 year balloon is different than a 8.5% fixed rate on a 20 year term. Which is better?
Then God said, "Let the land produce vegetation: seed-bearing plants and trees on the land that bear fruit with seed in it, according to their various kinds." And it was so. – Genesis 1:11
With fewer comps and sales than other forms of real estate, timberland requires a specialized appraiser that can make a huge difference in your forest transaction.
