"The real estate market has been extremely active in recent months. We have put over 30 tracts under contract from 10 to 429 acres in a three month period. Tracts under 100 acres have been the most active segment of the market, but some larger tracts are also moving. Most buyers are individuals who are looking for recreational/investment properties. Buyers prefer land where the timber has not been harvested in the last 20 years. They often want some open land and a pond is almost always a plus. Developers have not been actively seeking new land acquisitions. They can still buy developed lots in existing neighborhoods at significant discounts, so that is where their focus is. Well managed timber properties have also sold well. Lending can be difficult to obtain for a land tract, many banks no longer want to serve that market. However, financing is available with 15 - 20 percent down, good rates and with terms out to 15 or 20 years. Our recent spurt of land sales has left us short on quality land listings. If you have any interest in selling your property, please give us a call. We would love the opportunity to work with you. Our current listings can be seen on our website at www.tmmrealestate.com"
- Edwin E. Orr, RF, CF, ALC
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