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Recreational Land and Foreclosures

Don’t catch a falling knife. This expression is commonly used as a caution to avoid buying stock that is dropping in price. Land market professionals of all kinds have been experiencing this sensation as prices continue to drop and buyers are scarce.
So what is a committed land professional to do?
The first step is to realize that, as in the stock market, not every aspect of the business is a falling knife. There are still areas of opportunity in the land business.
Two areas of great opportunity are Recreational Land and Foreclosures. Let’s take a look at each of these.
Recreational Land: This is the best time in the last ten years to buy that recreational tract, especially the ideal hunting tract. Buyers have the market to themselves for price and selection. Everyone, it seems, who missed selling their land during the great land price run-up is now openly marketing their land.
If you have been thinking about looking for the ideal tract of land to hunt, fish or farm on, this is a gr…

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