Rural Land Sales

Rural Land Sales in real estate refers to the sale of undeveloped land, usually as a parcel or tract of several acres of a ranch.

Definitions: "Rural Land Sales"

The term "rural" can be defined as "the comprehensive, nonspecific word referring to life on the farm or country". The word "land" is commonly known as "ground considered as property" or "the solid part of the earth's surface not covered by water". "Sales" is the term used for the exchange of property for an agreed sum. The combination of the three words "rural land sales" is commonly used in real estate when referring to the sale or acquisition of just land, not to be classified as "Real Property".

History

In the United States, the purchase of Rural Land or "raw acreage" is generally for investment purposes, although some buyers intend to build a home and reside there. Often without standard utility services readily available, alternative methods are used:

* Groundwater
* Propane
* Septic tank
* Solar power

Often, grazing rights are assigned to neighboring ranchers, so that they may continue to utlize the property for livestock grazing. Grazing rights may be appealed by land owners' and upon approval must install fencing along the perimeter of the property to enclose the area.

Land Auction

A method of performing real estate transactions is through "auctions". Since the emergence of internet auction sites such as ebay.com, the visibility of "Rural Land Sales" has been made popular through "rural land auctions".

See also

* Grazing rights
** "Taylor Grazing Act"
* Mineral rights
* Water rights
* Real Estate Investing

References

* Neufeldt, Victoria; Guralink, David B (1988). "Webster's New World Dictionary", 3rd College Edition, Prentice Hall Trade. ISBN 0-13-947169-3.

External links

* [http://www.usgs.gov/ USGS] -Water Resources of the United States
* [http://uscode.house.gov/download/pls/43C8A.txt GRAZING LANDS: 43 USC CHAPTER 8A]
* [http://investor.ebay.com/releasedetail.cfm?ReleaseID=89898 Press Release "eBay Real Estate Announces Top Ten Land Markets"]

* [http://http://www.oznet.ksu.edu/library/hous2/mf2798.pdf Living in the Country, G. Morgan Powell, Kerri Ebert, Kansas State University, May 2008, 16 pages, illustrated]