I bet every stae is different,but half???Really?
Real Estate agents
- Thread starter 4spdragtop
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Half the commission. I don't know how TX even functions with ranches then, I've only grown up & lived in rural areas, easements are everywhere for access where there are no roads or water ways or lots that are locked isolated by adjacent ones. Easements are definitely not "city chit"!
Add to that all of the fracking/drilling/waste-water ponds/pumping stations all over this area, some of this access is paid for monthly to property owners, sometimes they pay a chunk of ching for the easement/right-of-way which is enduring & transfers...
A member said 50% to the broker in Missouri, which I had to doubt.
I said, easements and other rural aspects as easements are not always on the burban r/e agents list of knowledge.
Then we get into "air rights" and "mineral rights", some of which can be written such that they do not convey if the property is sold.
There's a lot for sale (over priced by 50%) near my shop. It has a cell phone tower on it.
The contract for the cell tower specifies that if the lot is ever sold, it will be subdivided and the portion with the tower, plus access easement will revert to the cell tower company.
I paid 90K for my 1/2 acre shop lot in 2012, with 8000 sq ft of metal buildings.
This lot is vacant, and will be less than 1.5 acres after the cell tower is sectioned off.
Asking price is 365K
I wish they had built that cell tower on my lot!
There's a lot for sale (over priced by 50%) near my shop. It has a cell phone tower on it.
The contract for the cell tower specifies that if the lot is ever sold, it will be subdivided and the portion with the tower, plus access easement will revert to the cell tower company.
I paid 90K for my 1/2 acre shop lot in 2012, with 8000 sq ft of metal buildings.
This lot is vacant, and will be less than 1.5 acres after the cell tower is sectioned off.
Asking price is 365K
I wish they had built that cell tower on my lot!
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Wife listed a 1.5 ac lot out here in the sticks. The young guy had bought it a year earlier and his grand dad paid for it. Then he buys a home and 5ac so wanted to sell the lot.
It is priced at the very top of what it will appraise for. $20,000 over what he paid for the lot. He got a good deal from the seller. Looker looks and there is an offer right at the asking price. Well, grand dad tells the kid do not sell and NOT keep mineral rights. Then the city buyer wants the mineral rights. There are NO MINERAL RIGHTS ON THIS TRACT. NONE> We finally are able to show him there are NONE, the agent for the buyer no NO clue. If there was any, it is a non issue. NO SALE!
Funny part is we have sold lots of good property for grand dad over the years, he ain't stupid maybe getting old though. Heck I am old!
5 month later, still for sale. lol
DRAMA!
If you think there is drama on 1.5 ac. what and see what can happen on 500ac. or 3 million $ commercial.
It is priced at the very top of what it will appraise for. $20,000 over what he paid for the lot. He got a good deal from the seller. Looker looks and there is an offer right at the asking price. Well, grand dad tells the kid do not sell and NOT keep mineral rights. Then the city buyer wants the mineral rights. There are NO MINERAL RIGHTS ON THIS TRACT. NONE> We finally are able to show him there are NONE, the agent for the buyer no NO clue. If there was any, it is a non issue. NO SALE!
Funny part is we have sold lots of good property for grand dad over the years, he ain't stupid maybe getting old though. Heck I am old!
5 month later, still for sale. lol
DRAMA!
If you think there is drama on 1.5 ac. what and see what can happen on 500ac. or 3 million $ commercial.
I don't know it for a fact that's what the agent said
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