| sed - 11/18/2015 16:00
If a developer is at the sale bidding, then yes present value price includes development potential
Using your argument you could also bid up the future chance of selling a utility easement or some other type of ROW easement coming from the land, but if those entities aren't bidding would you bid extra on that chance?
So said everyone who didn't bid on XYZ, "If it was such a great deal why didn't someone else buy it for more?" Like others have said if it is a good development spot, which is looks like from the maps, farming opportunity will get squeezed out fairly quickly. But development will continue on even if farmland values stall and dive - so it would be nice have some downside risk protection.
|
400 acre development potential farm sold last night
