Pond Boss Forums Thread Like Summary - East Texas realtor recommendations?

I have a 7 acre stocked pond on roughly 75 acres of wooded land in east Texas between Marshall and Longview. With my foot issues & other problems, I'm reluctantly thinking of selling. Anybody know of a good, honest realtor in the area?

I have found that the realtor often winds up putting on the web for all local realtors to help sell it and split the fee.
It’s rural MLS.

I have also been made aware that the traditional 6% may be negotiable. Try it. Think about it and call various local realtors and negotiate. They are often on the lookout for opportunities from investors that results in a quick transaction. If they don’t get the listing opportunity, they lose at least half the fee.

Some years back I bought 60 acres next to mine. I kept it 5 or 6 years and then decided to sell. I called a realtor that I had met. It sold quickly, by him, and he charged me 4.5%.

anthropic,

So sorry to hear you are contemplating selling your beautiful property.

I have observed the mossyoak site over the years and think they do an excellent job on "trophy properties".

However, I have been watching these types of sites for over 25 years, and have a NON-EXPERT opinion.

The "national" type sellers list a certain type of trophy property at premium prices. Based on their closings, they do achieve these premium prices in many instances. However, they usually do this on properties that are likely to have wealthy out-of-state buyers.

In Kansas, the example is premier deer hunting properties with zero agricultural income (or sometimes a portion with CRP income). The only value (other than for recreational usage) is the future price appreciation of the property. However, I have seen these properties sell to wealthy individuals that come down a few times of year from New England or the upper Midwest for their hunting camps. The prices may be 2-3x the price of adjacent "scruffier" property that would require more work to bring it up to a similar standard. This is certainly good news for property sellers.

My question would be if the national realtor companies require you to sign an exclusive marketing agreement with them?

I think anthropic's property may be more likely purchased by a semi-wealthy (it is a nice property!) semi-local buyer. I would think having an excellent local realtor might be more likely to make that happen.

I am sure there are many, many people on Pond Boss that know more about this topic than I do. I come here to learn stuff. I appreciate people pointing out all of the places that I am wrong - especially if it helps anthropic!

One question you may want to ask yourself is "Do I care if my property gets broken up into a development after I sell it?"

My wife has been agonizing over the fact that her family farm just got sold to developers by my POS BIL. All the buildings (which she and to a much lesser extent I helped to build) have been torn down. It will be split into lots to have overpriced crappy houses built on.

If such a prospect doesn't bother you, go for the money. If it would tick you off, I wish you the best luck finding a buyer who wants to keep it (mostly ) as is.

I sold property myself on landsoftexas.com which is now land.com I believe. If you list it, let me know, I have 40 acres with a 3 acre pond about 30 minutes north of you, upgrade?

Good luck with whatever your plans turn out to be.

I may also be getting to that time. 80 yoa and somebody named arthritis has hit me hard in back, feet and legs. Grandsons and son in law are carrying most of the load and I absolutely hate that. Spent my whole life stomping my own snakes and now have trouble doing much of anything that takes bending from the waist.

A huge limb came off an oak last week in my back yard. I got a chain saw out and started to work. Next thing I know, grandson showed up and took over. Then a couple more showed up. I protested but another young man told me that I had taught them how to do all this stuff and it was their turn. I guess so but it does chap my butt.

I’ve owned the place for about 40 years and it’s become part of my life. But, all things must end. But not just yet.

I would list it with a very high price (at the top of the range the realtor suggests).

I have seen two people fall in love with trophy properties at auctions, and they will bid the heck out of it. Hopefully someone will also fall in love with your listing!




[Unless of course, you have to do a quick sale. Sometimes you just have to trade off money for time.]