Are you a Space Explorer? Part Two- Vacant Land

By
Real Estate Agent with United Country Ponderosa Realty

Crystal Lakes lot, Red Feather Lakes COBefore walking the property lines, acreage is a difficult concept for some vacant land purchasers.

The other day, I was walking a lot with a buyer who said, "It's easier to visualize 35 or 40 acres, instead of 2.5 acres." 

"What is 2.5 acres anyway!!?"  This buyer is unusual, because most people cannot visualize 40 acres.

An acre is 43560 square feet; an average (Old Town Fort Collins, CO) city lot is 50 X 200, or 10,000 sq feet.

 

.

Let's say that 2.5 acres equals almost 11 city lots.  Is that easier to visualize?  Can we walk down a sidewalk and see 11 houses, or visualize 5 ½ houses/lots with the 5 ½ houses behind them?

 

This isn't a photo of Old Town Fort Collins, but you can get the idea. Also I realize that not all parcels are rectangular in shape. Still it helps to relate an acre to something more familiar.

This buyer initially started looking at 35-40 acres parcels, with the intention of building a cabin later. Guess what?! We found a 2.5 acre parcel with a terrific cabin already on it, and they love it.

Unless you have livestock, or you are a farmer, or you intend to build a shopping center, the amount of acreage shouldn't be the main focus of your vacant land search. Depending on what is surrounding the parcel, you may get that feeling of a wide open space without having to pay for it.

.

Wellington, CO

Sometimes it's good to explore different opportunities, in different sizes.

The other day, I wrote a post about exploring different homes with different square footage, and another post about buying jeans. When you shop for clothes, you have to try them on because your size doesn't fit perfectly in all styles.

It might serve you well to explore various parcels of land with different amounts of acreage, don't get stuck on a number.  

Try them on for size, and then you will find the right fit.

******************************************************************

Mary Douglas, your Mountain Broker-Associate and REALTOR®

United Country  Ponderosa Realty, Red Feather Lakes, CO

www.redfeatherlakes.com ---800-531-2195

"A Day in the Mountains will always soothe your city soul"

The information contained in Mary's blog is deemed reliable but is not guaranteed, and the opinions and        views expressed in these articles are solely those of the author.

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Rainmaker
520,851
Mary Douglas
United Country Ponderosa Realty - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Gerry, It's interesting when buyers just have a number in their head, and limit their seaching to that number, isn't it?  When we couldn't find 40 acres that would work for my buyer, that's when I decided to try something else, and it worked out!  I appreciate you stopping by, thank you Gerry!

 

Hi Myrl, When I worked at the Title Company, I drew out the legal descriptions on a 8X12 piece of paper -- much much smaller than an actual 35 or 40 acre parcel ! HA!  Sometimes people can change their minds when they see how much land that really is ---Thanks Myrl for stopping by tonight!

Oct 08, 2009 08:51 PM #9
Rainmaker
551,123
Lee & Carol Barbour, REALTORS
Murphy and Hayesville, NC; Hiawassee, Blairsville, Blue Ridge GA and Copperhill TN - Murphy, NC
Mountain Living Team in Murphy NC and North GA

Great explanation and visuals Mary. It's really hard to get them to understand just how much space they'll have in 2.5 acres when they're used to a city lot . We show and sell a lot of land too.

Oct 08, 2009 09:01 PM #10
Ambassador
1,370,103
Robert (Vegas Bob) Swetz
REALTY ONE GROUP - LAS VEGAS, NEVADA 702.443.7156 - Las Vegas, NV
Commercial & Residential Real Estate Agent

Mary - Wonderful post and I have been selling & purchasing land/ acreage, lake/ river properties for over 20 years and it is my favorite!

VB ;o)

Oct 08, 2009 09:11 PM #11
Rainmaker
336,852
Dena Stevens
Century 21 Canon Land & Investment - Canon City, CO
Putting The Real Into Realtor Since 2004

Great excersize! When I take somebody out I try to take a plot map with me if possible. And I always have survey tape with me. In some areas the corners are marked. The potiential buyer and I will tape the corners making them easier to see. If we're at one corner we can easily see the last corner. And if the plat has some sort of land mark visible like a tree all the better!

Oct 08, 2009 09:53 PM #12
Rainmaker
520,851
Mary Douglas
United Country Ponderosa Realty - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Lee and Carol, It is difficult, isn't it??  I think a lot of people who haven't bought land before have a hard time with acreage.  Thanks for your thoughts tonight, I appreciate it!

 

Hi VB!  Thank you for stopping by, you have a great handle on buying & selling land!

 

Hi Dena, Did you mean walking lots is great exercise??? Oh yes it is !! LOL!!! You are so right about marking all the corners.  I always appreciate it when the listing agent has marked the corner pins --- then we just need to walk and find them.  That's when we get the "real" picture!  Thanks for stopping by Dena, I appreciate it.

Oct 08, 2009 10:26 PM #13
Rainmaker
914,550
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

I am not going to wander down 11 city blocks in L.A.  We don't walk here.  But I will try and imagine your excellent explanation if I ever need it in the future.  Well done Mary.  Great post.

 

 

Oct 08, 2009 11:26 PM #14
Rainmaker
543,275
Toula Rosebrock
Diane Turton, Realtors, Forked River, NJ - Lacey Township, NJ
Broker/Sales Associate, Realtor, Lacey Township,

ToulaRosebrock,com

Hi Mary:

Well done!

Great visuals and explanation.

Sounds like you had another happy buyer.

Oct 09, 2009 08:13 AM #15
Rainmaker
146,482
Caren Wallace
Premier Property Group LLC - Tualatin, OR
Portland Caren Real Estate

Mary, this is wonderful show and tell of the size of land! You have missed your callling, maybe you should be a teacher....love your style!!!

Oct 09, 2009 08:56 AM #16
Rainmaker
520,851
Mary Douglas
United Country Ponderosa Realty - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

LOL Jane!  You don't have to walk 11 blocks -- only 11 lots :-)  Honestly, you don't walk in L.A.??? I guess I've never been there, so how would I know!!  Thank you Jane, nice of you to stop by!

 

Hi Toula, Well thank you so much, yes another happy buyer - I was happy that they were open to look at something different than what they thought they wanted. Thanks Toula!

 

Hi Caren, funny you should mention that, I always loved show & tell LOL!! and for a long time wanted to be a teacher.  We're all teachers in a way:-)  Thank you for your comments today, I appreciate it Caren!

Oct 09, 2009 10:10 AM #17
Rainmaker
914,550
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

Mary, did you never see L.A. Story with Steve Martin.  Worth getting for a laugh!

Oct 09, 2009 11:54 AM #18
Rainmaker
520,851
Mary Douglas
United Country Ponderosa Realty - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Thanks Jane - I will have to check it out.  I love Steve Martin, but if I saw this flick, I have since forgotten :-)

Oct 09, 2009 01:22 PM #19
Rainmaker
1,746,093
Dorie Dillard
Coldwell Banker United Realtors - Austin, TX
Realtor-Canyon Creek- NW, Austin TX Homes For Sale

Hi Mary,

Your post really gives us a great visual on the concept of acreage. I do not sell acreage and this really put things in perspective. I know who I'd want representing any buyer of mine on land! Thanks for an excellent explanation and I'm sure your buyer is a happy camper!

Oct 09, 2009 05:24 PM #20
Rainmaker
520,851
Mary Douglas
United Country Ponderosa Realty - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Thank you Dorie, that is very kind of you!  I'm glad you liked the explanantion and I appreciate the referral :-)  I think he is very happy that he looked at other options, ' Glad you stopped by tonight, thanks again Dorie!

Oct 09, 2009 08:52 PM #21
Rainmaker
384,753
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Hi Mary!

What a great way to help clients visualize how large a 2 1/2 acre lot would be.  Do you get a lot of urbanites who want a mountain retreat?  How large is an average parcel that people buy in the Colorado mountains?  Thanks!

Oct 09, 2009 10:15 PM #22
Rainmaker
520,851
Mary Douglas
United Country Ponderosa Realty - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Bruce,  Although there are many full time residents, there are probably an equal amount of second homes and summer homes for the snowbirds. We do have a lot of urbanites who want a mountain retreat! :-) 

The average "lot" in one of our mountain subdivisions * is between 1-3 acres - some are 5 acres - but not the norm.  and then we have the larger 35-40 acre parcels, too. Some people never build - they camp on their lots in the summer - it's their own private campsite!

*(I'm not sure about the rest of the mountains --just our area in Northern Colorado.)

Thanks for asking, and for stopping by tonight Bruce!

Oct 09, 2009 10:38 PM #23
Rainmaker
720,934
Ann Hayden
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Wildwood, MO
SelectAnn.com

Mary,

So once again you have proven....size does not matter.

Ann Hayden in soggy Wildwood, MO

Oct 10, 2009 08:05 AM #24
Rainmaker
520,851
Mary Douglas
United Country Ponderosa Realty - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

LOL Ann, many times it doesn't :-)  Thank you for stopping by today!

Oct 10, 2009 09:21 AM #25
Ambassador
1,334,363
Silvia Dukes PA, REALTOR
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Mary, I love your explanation!  It's very illustrative but simple. Have a great weekend!

Oct 10, 2009 02:06 PM #26
Anonymous
Anonymous

From firsthand experience, I know this to be true! When we bought our 5 acres in Custer County, I didn't really know how much that was, it was what was for sale with the house we wanted. We walked the triangle shaped property, that had dirt roads on two sides, and an almost clear sightline across the meadow from one stake to the other on the last side. I now have a feel for smaller sizes, at least, and 5 acres was just enough, (with grandfathered water rights, it was PERFECT!).  I see this is part II so I am going to check out the other one, as well!

Oct 10, 2009 05:52 PM #27
Rainmaker
520,851
Mary Douglas
United Country Ponderosa Realty - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Silvia, Thanks for stopping by, 'glad you liked it.  I hope you are having a great weekend, too!

 

Hi Cheryl, the grandfathered water rights would make it perfect!  I like the way you chose the house and not the acreage - it's what came with the house !  I think from your comments on Part One and from this - you are definitely a space explorer, Cheryl!!  Thanks for your thoughts on it, I appreciate it.

Oct 10, 2009 07:37 PM #28
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Rainmaker
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Mary Douglas

REALTOR, Red Feather Lakes, Colorado
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