Wendland and Associates - Premiere Ranches and Estates

Reflection
Author: Kenneth & Nancy Wendland
Email: nwendland@ktc.com
Mar 01 2009 | Category: Opportunities

Welcome to 2009, may it be a wonderful and prosperous year for all of our clients and colleagues! In reflecting over 2008, we are all acutely aware of changes in the air. I am confident that with reflection, we should all re-examine all aspects of our lives including our businesses to re-evaluate our priorities and our values.

Land sales prices have remained stable in most areas with generally slow activity. Sellers are no longer expecting a 15%+ annual increase in value that was common up to 2007. Asking prices are more accurately reflecting the market trend. There will be a few bargains resulting from the financial markets, and most of these will be the large, highly improved properties with lots of debt. Currently, most of the Buyers are end-users not expecting a quick profit, but rather plan to use, enjoy and hold the property as a long term investment.

We are confident that during the next 1-2 years the land market will adjust and sales activity and values will gradually increase. Meanwhile, there will be a few awesome opportunities to invest in some spectacular properties that would not normally be on the market at any price. Wendland & Associates are continually researching properties wit \"bundles of resources\" such as minerals, water, wind, solar, etc. Development of these resources can be very profitable even in slow economic times. With the current theme in America of energy efficiency and independence, land with undeveloped energy resources can be an attractive investment. Contact us to discuss your land and resource investment.
 
 
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