How Does Acquiring a Ranch Differ from Buying a House? Making a wise investment in a ranch property needn’t be difficult, but it does entail a different set of skills and poses risks that differ from most people’s experience when buying a home. Ranching offers a wonderful, healthful, lifestyle. Like a family home, it becomes the cornerstone of your family life, often for multiple generations. Ranches have consistently proven to be savvy investments when purchased and maintained with a careful eye toward eventual resale value. How Does Acquiring a Ranch
Differ from Buying a House? By Lem Lewis The Ranch Broker Making a wise investment in a ranch property needn’t be difficult, but it does entail a different set of skills and poses risks that differ from most people’s experience when buying a home. Ranching offers a wonderful, healthful, lifestyle. Like a family home, it becomes the cornerstone of your family life, often for multiple generations. Ranches have consistently proven to be savvy investments when purchased and maintained with a careful eye toward eventual resale value. As a fourth-generation Texas rancher, I pride myself on helping others make wise choices, whether buying or selling a ranch. Like purchasing a home, buying a ranch the correct way involves accurate appraisals, carefully prepared title documents, identifying and closing on an affordable mortgage, a thorough inspection, and the search for just the right property to serve you and your family’s needs, tastes, and budget. To the casual observer, the property may appear fine. But a ranch specialist may be able to pick up on less-obvious risks, such as flooding or fire. Even when the ranch itself is located away from a water source, like a river, it can be impacted by water runoff. Ranching, however, encompasses additional dynamics that seldom arise with home-buying. A ranching title may include, or preclude, important mineral reservations or royalties. There may be specific timber-related clauses, or grazing and wildlife rights that limit the ranch-owner’s flexibility. Ranch inspections should extend well beyond the house, itself, to include a careful analysis of surrounding water and soil conditions, and possible erosion. This is especially true for large ranch properties, such as those I typically handle. To the casual observer, the property may appear fine. But a ranch specialist may be able to pick up on less-obvious risks, such as flooding or fire. Even when the ranch itself is located away from a water source, like a river, it can be impacted by water runoff. If you have questions about buying or selling a ranch, please don’t hesitate to contact me. The more you know, the greater your chance of acquiring the right property and maximizing both your investment and enjoyment. I’ve designed a series of short videos, “Ask Lem,” that address common questions I hear from both ranch buyers and sellers. You’ll find them here [http://www.theranchbroker.com/ask-lem-faq.html] For more detailed answers, I’m always just a phone call away – 210-275-3551. It would be my pleasure to speak with you and share my experiences in buying and selling great Texas properties. Live water ranches and large acreage transactions are my specialties.
0 Comments
Leave a Reply. |
Archives
October 2019
Categories |
Mailing Address1761 East R.R. 473
Blanco, Texas 78606 Lem Lewis - Broker 210-275-3551 l[email protected] © 2016 ALL RIGHTS RESERVED - The Ranch Broker |
Connect with UsKeep up with new listingsJoin our mailing list to receive information
about new listings. |