Buying Rural Land in Texas

ISBN-10: 1603447954
ISBN-13: 9781603447959
Edition: 2012
List price: $25.00 Buy it from $18.38
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Description: Whether the prospective buyer is a farmer or rancher looking to expand operations, a sportsman seeking to preserve habitat for wildlife, or a nature enthusiast trying to conserve native flora and fauna, acquiring rural land can be a rollercoaster of  More...

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Book details

List price: $25.00
Copyright year: 2012
Publisher: Texas A&M University Press
Publication date: 10/10/2012
Binding: Paperback
Pages: 144
Size: 6.25" wide x 9.50" long x 0.50" tall
Weight: 0.880
Language: English

Whether the prospective buyer is a farmer or rancher looking to expand operations, a sportsman seeking to preserve habitat for wildlife, or a nature enthusiast trying to conserve native flora and fauna, acquiring rural land can be a rollercoaster of exciting and stressful experiences. InBuying Rural Land in Texas: Taking the Right Risk, Charles E. Gilliland demonstrates that buyers can and should arm themselves with knowledge—of the land-buying process, of the potential problems involved, and of the resources available to them—to ensure a successful and satisfying outcome.In this practical guide, Gilliland outlines four phases of buying rural land: identifying what you want, in terms of both land and property rights; locating a suitable property; valuing the property; and completing the transaction. He then covers everything the potential landowner should know while progressing through these steps: how to identify and manage risk, plan an “exit strategy,” interpret present and future land prices, find the “perfect spot,” evaluate the property’s physical attributes, gauge economic trends, understand legal rights and limitations, protect natural resources, and, finally, close the deal.Incorporating real life examples from a career spent in land sales, Gilliland takes readers step-by-step through the process, also providing checklists, maps, professional tips, and information about how to tap additional sources of information and advice. With the knowledge gained fromBuying Rural Land in Texas, new landowners will find themselves not at the end of a journey but at the beginning, as they learn to manage their land and to deliver it intact to future generations.

Acknowledgments
Introduction: Achieving a Vision of Landownership
Risks and Rewards of Rural Landownership
Historical Land Use in Texas
Taking Risks for Reward
Seeing the End from the Beginning
The Need for Risk Analysis
Devising an Exit Strategy
Understanding Contemporary and Future Texas Land Prices
Historical Land Market Trends
Searching the State
Finding That Perfect Spot
Useful Sources for Property Searches
Identifying Suitable Properties
Evaluating Physical Attributes
Texas AgriLife Extension Service
Farm Service Agency
Web Soil Survey (WSS)
United States Geological Survey (USGS)
Other Map Resources
Visual On-Site Inspections
Property Inspection Checklist
Evaluating Economic Influences and Trends
National and Local Conditions
Southwest Regional Conditions
Historical National Conditions
Focus on Texas Conditions
Other Resources
Economic Conditions Checklist
Identifying Legal Rights and Limitations
Verifying Ownership
Identifying Rights Owned
Endangered Species
Endangered Species Checklist
Water and Oil on the Land
Surface Water
Groundwater
Development Water Supplies
Water Availability Checklist
Oil and Gas
Oil and Gas Production Checklist
Closing the Deal and Enhancing Returns
Property Tax Measures
Conservation Easements
Environmental Incentives
The New Risks of Ownership
Selected Bibliography
Index

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