Category: Uncategorized

  • You Usually Know

    You Usually Know

    Most people can remember a time they got taken in.

    Maybe not immediately. Sometimes it takes years before you fully admit it to yourself.

    But when you look back honestly, you realize something uncomfortable.

    Not consciously, at least not in a clean logical way. But something felt off the whole time. Your brain was picking up signals you didn’t fully know how to process yet.

    Maybe the story was too polished. Or the promises came too easily. The numbers seemed a little too good to be true. The person seemed just a little too smooth.

    You knew. You just wanted it to be true badly enough that you ignored it.

    When you read stories about retirees losing their nest egg because they listened to a shady promoter, of course you feel bad for them. But it’s also true that part of what pulled them in was the desire to believe the story.

    Car sales is the stereotypical example because most people have experienced it.

    You walk into the dealership already emotionally attached to the idea of the car. The salesman does this every day. He knows how to create urgency, lower resistance, keep you focused on monthly payments instead of total cost, disappear for “manager approval,” and generally move you along psychologically until signing papers starts to feel easier than stopping.

    The strange thing is most people know it’s happening while it’s happening.

    They know the guy is full of it, but they go along anyway because they want the car.

    Then later comes the regret phase, where suddenly all the little warning signs become obvious in hindsight.

    My business is famous for telling people what they want to hear. At least up front. Especially on pricing.

    A seller wants to believe the property is worth more than the market probably supports. An agent who needs the listing understands that immediately. So they tell the seller what they want to hear, get the listing signed, and worry about dragging the client back to reality later.

    That game works often enough that people keep playing it.

    Most of the time, the seller knew something felt off from the beginning. But the higher number felt better emotionally, so that little warning voice got ignored.

    That’s the dangerous part about hearing exactly what you want to hear.

    A lot of landowners avoid getting valuation information entirely because they don’t want the pressure and harassment that often follows it. Which is understandable. Once some agents think they smell a possible listing appointment, it can start feeling like getting circled by seagulls at the beach.

    So people avoid the process altogether.

    Even though knowing is still better than not knowing.

    That’s part of why I structured the MBR Land Reality Check the way I did. Some people simply want information without feeling like they accidentally clicked “submit” on a timeshare presentation.

    Even if the answer isn’t exactly what they hoped to hear.



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  • Sometimes Things Go Sideways On You

    Sometimes Things Go Sideways On You

    When people ask me for valuation help, or are thinking about selling, one of the things they often want to know is how much the property is going to be worth in the future.

    My answer is always the same. I don’t know, and neither does anyone else.

    Now historically, land and lot values around here have generally gone up over time. As long as North Texas keeps growing, people keep moving here, and the economy stays relatively strong, there’s a decent chance that continues over the long run.

    Back in the late 1980s and early 1990s, land values ran up very quickly during the savings and loan era. A few years later, some of those same properties sold out of receivership for less than the commission paid on the earlier sale.

    A few years before that, acreage in southwest Sherman was trading around $20,000 to $25,000 per acre because people thought a GM plant was coming.

    The plant ended up going to Tennessee.

    I worked on a deal in that same area years later at exactly $6,500 per acre.

    Then there were the lot markets around 2006 to 2008.

    I saw subdivision custom home lots in Collin County selling for over $75,000 during that runup. A few years later after the financial crisis, some of those same lots were changing hands around $20,000.

    In 2020, many people thought the lot market was going to freeze up completely.

    Instead, it got hotter than anything I’ve personally ever seen. In some areas values doubled between roughly 2020 and 2023.

    Since then? Not so much.

    Here are the prices on a lot I have seen trade three separate times:

    Pretty flat.

    That doesn’t mean the market is collapsing. And it doesn’t mean land is bad.

    It just means markets move in cycles, and people have a tendency to mistake temporary conditions for permanent ones.

    So what’s the takeaway?

    A couple things.

    First, you’re usually better off making decisions based on what makes sense today rather than based on what you paid, what you hope happens, or what somebody confidently predicts the property will be worth years from now.

    Second, if somebody tells you with certainty what your property is going to be worth in the future, they’re probably giving you more certainty than the market actually allows.

    Even if you’re not planning to sell, there’s still value in understanding where things actually stand today.

    You don’t have to do anything with the information.

    But things change. Sometimes slowly, sometimes fast.

    And it’s usually better to already know what you’re dealing with instead of trying to figure it out under pressure later on.


    PS- Even if you’re not considering selling today, is it a bad idea to have a handle on what you’ve got?

    That’s where the MBR Land Reality Check comes in.

    It’s a free, no obligation look at what your property might sell for today, based on what buyers are actually doing today. Real comps with real prices.


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  • You’re Better Off Knowing, Even If It Hurts At First

    You’re Better Off Knowing, Even If It Hurts At First

    Last week I put together an MBR Land Reality Check for a Collin County acreage owner.

    I went through the comparable sales, looked at the utility situation, and worked through it the same way I would if it were coming to market, whether it actually ends up happening or not.

    The projected value range came in meaningfully below what the county currently has it assessed at.

    That’s something I’m seeing more often lately.

    For a long time, if you saw a rural tract priced at or below tax value, it at least got your attention. It didn’t always mean it was a deal, but it was usually worth a closer look.

    That’s not as reliable as it used to be.

    In a number of cases now, especially with more rural acreage, tax values appear to have caught up to, or in some cases moved ahead of, where the market would actually transact.

    It’s likely a function of the way values moved over the last several years.

    At the same time, most of these properties carry an agricultural exemption. So while the assessed value may be high on paper, the owner isn’t being taxed on that number.

    Which means there’s very little incentive to challenge it.

    If anything, it tends to have the opposite effect. A higher assessed value feels like a positive signal, even if it doesn’t reflect what a buyer would actually pay.

    That can create a disconnect.

    And in some cases, it matters more than people realize.

    If an agricultural exemption is removed, rollback taxes are calculated based on the assessed value. If that number is higher than it should be, the exposure is higher as well.

    I’m not going to get into the mechanics of that here.

    And to be clear, I’m not an appraiser. The MBR Land Reality Check isn’t designed for use in a property tax protest. If that’s the objective, a tax consultant or appraiser is better equipped for it.

    If nothing else, it gives you context.

    You don’t have to sell. You don’t have to even consider selling.

    But things change.

    And it’s a lot easier to make a good decision when you already understand what you have than when you’re trying to figure it out under pressure.

    So the question isn’t whether you’re planning to sell.

    It’s whether it makes sense to know where things stand.



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  • Like Getting Paid In Advance

    Like Getting Paid In Advance

    Last week was about Solomon and how that ended. He was given everything and had every advantage. God appeared to him directly and told him what to do, which we all assume would settle it for us. It probably wouldn’t. It didn’t for him.

    But it’s worth considering how it started.

    God didn’t tell Solomon to go prove himself first. He didn’t say, follow these rules for a while and then I’ll give you wisdom, riches, and long life. He gave it to him, then told him what to do with it. That order matters.

    And it isn’t unique to Solomon.

    Look at David. Made king, established, given victory and position, and then later failed in a way that wasn’t subtle. Look at Israel as a whole. Delivered, restored, protected, and then the same pattern shows up again. Drift, idols, collapse, and eventually crying out to be restored again.

    It keeps happening, which makes it harder to treat as isolated mistakes.

    God gives first. Then people fail to hold onto what they were given. The issue isn’t that the instructions were unclear or that they didn’t have enough. They had more than enough. They just didn’t keep it.

    That includes you.

    There’s another place where the order matters.

    Through Jesus Christ, forgiveness is already there.

    It doesn’t work like clean yourself up and then come. It’s come, and then get cleaned up.

    Same pattern. God gives, God restores, and we don’t hold it together on our own, which is fortunate because we can’t.

    All that’s left is to turn, ask, and believe.

    It’s never too late.

    Until it is.


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  • You Know You Should. You Also Know Why You Don’t

    You Know You Should. You Also Know Why You Don’t

    If you own non-residential real estate, you probably find yourself wondering from time to time what it might sell for today. How it fits into your overall financial picture. What’s going on around it.

    Even if you’re not planning to sell. Things change. Sometimes faster than expected. And it’s a lot easier to deal with that when you already have a handle on things, rather than trying to figure it out when you need it yesterday.

    Not to sound like an NRA ad, but it’s better to have the information and not need it than need it and not have it.

    And the reason is pretty simple.

    We’ve all had the experience of getting close to needing a new (or newer) car. You start looking online just to get a feel for things, and before you can even look at anything, a chat box pops up.

    It says there’s a real person there. You know there isn’t.

    If you get past that, you’re not getting much real information without giving them your email or phone number. And once you do, you’ve effectively signed up to hear from them for the foreseeable future.

    All the dealerships say they’re different. Experience says they’re mostly the same.

    Sounds a lot like Realtors, if we’re being honest.

    If you ask for an evaluation, you expect it to come in high. High enough to get your attention. Then adjustments get made later once you’re already in the process. And if you don’t move forward right away, you can expect follow-up. A lot of it.

    So while you know it would be smart to stay on top of things, I understand why you don’t.

    Most people don’t.

    But that doesn’t mean you’re wrong to want the information.

    It just means you don’t want everything that usually comes with it.

    So here’s the question.

    What if you could get a realistic view of where things stand, without someone trying to turn it into a listing conversation before you’ve even had a chance to think about it?

    That’s the difference.

    Am I going to follow up with you? Of course.

    But it won’t feel like what you’re expecting.

    Allow yourself to take a look while the pressure is off.



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  • The Best Time to Look Is When You Don’t Have To

    The Best Time to Look Is When You Don’t Have To

    You’ve probably heard it said that the best time to find a job is when you don’t need one.

    Most people agree with that when they hear it. It makes sense. You don’t wait until something goes wrong. You keep your eyes open, pay attention to what’s out there, and stay aware of opportunities.

    Not because you’re planning to leave tomorrow, but because things change. If you’re paying attention, more likely for the better.

    The same idea gets repeated in different ways. Your real job isn’t just what you get paid to do. It’s to keep an eye on what might be next.

    And most people don’t actually do it.

    Not because they disagree with it, but because it makes them uncomfortable. They don’t want to have conversations that might go somewhere. They don’t want to deal with interviews. They don’t want their current employer to find out. They don’t want something to start that they don’t feel in control of.

    So they leave it alone.

    Until one day something changes. The company gets sold, things slow down, priorities shift, or they’re just no longer needed.

    And now they’re starting from zero.

    The time they thought they had turns out to be gone.

    Real estate works the same way, especially with land.

    The day you might need or want to sell is probably somewhere out in the future, if it ever comes at all. So it’s easy to assume there’s no reason to think about it now.

    But things change.

    Markets move. Situations shift. Priorities evolve.

    And when that happens, it’s a lot easier to make a good decision if you already understand what you have and how it fits into the bigger picture.

    The problem is, most people don’t want to look.

    Not because they think it’s a bad idea, but because of what they expect will come with it.

    They’ve dealt with real estate people before. They assume that once they start the conversation, it turns into pressure. Like they should have sold yesterday. Like they’re getting pulled into something they didn’t intend to start.

    So they avoid it.

    That’s the part that doesn’t need to be true.

    You don’t have to sell. You don’t have to list. You don’t have to make a decision about anything.

    But you are allowed to take a look and understand what you have.

    And it’s a lot easier to do that when you don’t need the answer right away than when you needed it yesterday.



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  • When Someone Keeps Coming Back

    When Someone Keeps Coming Back

    I got a testimonial recently from one of my longest-running clients. Probably the most consistent relationship I’ve had.

    Jack L. is the Executive Vice President of Acquisitions and Development for a national, publicly traded homebuilder. We’ve worked together on land and lot deals for over 20 years.

    Here’s what he said:

    “I’ve worked with Mike for over 20 years on land and lot deals. He’s a stand-up, trustworthy guy who is very knowledgeable about his market. He has strong relationships with landowners and a deep network in land development.

    He’s always willing to help with anything we need during due diligence, and he does a great job working with sellers, building relationships, and helping them understand what to expect throughout the process.”
    — Jack L.

    I went back and actually added it up after he mentioned the 20 years.

    A couple dozen deals.
    Over $50 million in total transaction volume.

    We haven’t done anything together in the last couple of years. The market shifted, and they opened a regional office in Dallas, so they handle more in-house now. We still stay in touch, but they don’t need outside brokers the same way they used to.

    Groups like that aren’t tied to any one broker. They see a lot of deals, and they’re more than capable of finding opportunities on their own.

    The fact that we continued to work together over that period of time is what matters.

    What stood out to me in that testimonial wasn’t the volume or even the length of the relationship.

    It was this part.

    Helping sellers understand what to expect.

    That’s the part most people underestimate.

    When a developer is the buyer, they can usually pay the most. They’re the ones who can turn the dirt into something else. But those deals come with a lot behind them.

    Underwriting.
    Market testing.
    Internal approvals.
    City approvals.

    The city alone can stretch things out. And it tends to get slower, not faster.

    What looks simple from the outside usually isn’t.

    Someone who doesn’t do this every day might assume a deal like that should close in a couple of weeks. Maybe 30 days.

    In reality, you’re often 45 days in just getting a survey and environmental work done. After that, you’re waiting on approvals, and those are not on your timeline. Four to six months is pretty normal if everything goes smoothly. Longer if it doesn’t.

    From the seller’s side, that can feel off.

    You know your property. You’re ready to sell it. Then you’re dealing with a process that feels slow and overly complicated, and it’s easy to start wondering what the buyer is really doing.

    Most of the time, they’re not being difficult.

    They’re trying to make sure the deal actually works before they commit to it.

    If that part isn’t explained up front, it can feel like the whole thing is getting dragged out for no reason.

    That’s where a lot of deals start to go sideways.

    And most of the time, it has nothing to do with price.

    It comes down to expectations.


    PS – Knowing what to expect is step one in making a smart decision.

    You may not be thinking about selling your land today, and you don’t have to make any decisions until you’re ready.

    Is it a bad idea to give yourself permission to just take a look?

    That’s where the MBR Land Reality Check comes in.

    It’s an in-depth look at recent nearby sales, market trends, development activity, and the types of buyers who might be interested in your property right now.

    Once you have it, you still don’t have to make any decisions about selling. But you’ll have what you need if things change.

    Allow yourself to take a look.


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  • The Wisest Man Who Ever Lived

    The Wisest Man Who Ever Lived

    Solomon is usually treated like a success story.

    The wisest man who ever lived. Builder of the temple. King at the height of Israel’s power. Probably the richest man who ever lived.

    All of that is true.

    But if you read it straight through, it doesn’t land that way. He may be the most tragic figure in the Bible, although he’s got a lot of competition.

    God gave him what he asked for, wisdom, and then added everything he didn’t ask for. Wealth, power, reach. And He didn’t leave Solomon guessing. He appeared to him and told him directly what to do and what not to do.

    The instructions weren’t complicated. Stay loyal. Don’t go after other gods. Don’t marry foreign wives who would pull him that direction.

    Not all at once. It builds. More alliances. More marriages. More tolerance for things he would have rejected earlier. At some point it isn’t drift anymore, it’s direction.

    Seven hundred foreign wives and three hundred concubines. That’s not fudging what God says on some technicality. It’s about as blatant as you can get.

    And it didn’t stay private. He followed their gods, built places of worship for them, and made it normal.

    The wisest man who ever lived saw God, heard Him, knew better, and still walked straight into it.

    That part tends to get glossed over.

    Because it gets in the way of something people want to believe. That if things lined up for them, they would do better. More clarity, more money, more control, and they would handle it correctly.

    Don’t buy it.

    We’ve all seen it when we’re looking at someone else. Give them a little more room, a little more success, a little less pressure, and the lines start moving. What used to be off limits becomes negotiable. Then it becomes normal.

    So when someone says they would be different if they just had the right setup, don’t buy it. Things lined up for him as much as they ever will for anyone.

    Didn’t matter.

    The question isn’t whether you’ll hold the line perfectly. That part is already answered.

    Provision wasn’t made because we might succeed. It was made because we won’t.

    Through Jesus Christ.

    If you’re waiting until you feel more capable or more disciplined, you’re waiting on something that doesn’t show up.

    It’s never too late.


    P.S.
    If you’d like to read through the Bible this year, you can join us at His Word Together.
    No commentary.
    No telling you what to think.
    Nothing to buy.
    Nothing fancy.
    Just steady time in the Word.

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  • Unless You Want Something Truly Unique, This Isn’t For You

    Unless You Want Something Truly Unique, This Isn’t For You

    Most people looking at rural land think they’re buying distance.

    They’re not. At least not really. They’re buying time.

    Time before things change around them, before neighbors show up, before what felt quiet starts feeling crowded. Most people overestimate how long that lasts.

    I just put this one back in MLS. About 39.66 acres on Rochelle Cannon Rd outside Whitewright, with over 1,300 feet of frontage. Convenient to US 75 and the Sherman TI plant. Asking $30K per acre for the whole thing. It can be divided if needed.

    On paper, it sounds like a lot of other tracts.

    It isn’t. This one fights you a little.

    There are real creek beds running through it. Not decorative. They shape where you can go and where you can’t. There are mature oaks, uneven ground, and parts you’ll leave alone because it makes more sense to.

    Most buyers see that as a problem. It is, if your goal is efficiency.

    Flat land is easy. You can do whatever you want with it, and so can the next guy, and the one after that. That’s how you end up with something that felt rural for about five minutes.

    And once that happens, there’s no real way to undo it.

    This one doesn’t work that way.

    You don’t get a blank canvas. It pushes back, and you have to think about placement. Spend money in the right spots, leave other areas alone. That friction is what protects it long-term.

    You end up with separation that isn’t dependent on what your neighbors do next. That’s the part most people miss. They think separation comes from distance, but it usually comes from constraints.

    You’re still close enough to Sherman, US 75, and real life when you need it. But when you’re on the property, it doesn’t feel like you’re close to anything.

    That combination is harder to find than people think.

    There are up to three water meters available and strong frontage.

    This is not the right property for someone who wants simple, cheap, or predictable.

    If the goal is to buy something that stays different over time, this is the kind of land that actually does it.

    Most won’t want it.

    That’s part of the point.

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  • Why I Don’t Ask

    Why I Don’t Ask

    If you’ve ever requested a Land Reality Check from me, you may have noticed that I don’t ask why you’re requesting it.

    Most people in real estate start there. They want to know if you’re looking to sell, how soon, and what your motivation is. That makes sense from their perspective, because those answers usually shape how they handle the conversation.

    The reason I don’t ask is because I don’t want that to influence the analysis.

    People come to me in all kinds of situations. Some are thinking about selling in the near term. Some would sell at the right number but aren’t in any hurry. Others are just curious and want to understand what they have. All of those are completely valid, but none of them should change how the property is evaluated.

    So when I put together a Reality Check, I try to approach it the same way every time.

    I assume you’re what I’d call a sensible seller. Someone who might want to sell in the near term, but isn’t under pressure. Not a forced sale, but also not someone holding out indefinitely waiting for a perfect scenario.

    That middle ground is where most real transactions actually happen.

    You’re not trying to squeeze every last dollar out of it, but you’re also not looking to give it away. You’re trying to make a decision that makes sense, both financially and practically.

    That’s the lens I use when I look at comparable sales, how buyers are behaving, and what your property would likely look like in the current market.

    Once you see it laid out that way, you can decide how it applies to your situation. You might be more motivated than that. You might be less. You might not be planning to do anything at all.

    That part can come later.

    The first step is just understanding what you have and how it would likely be received, without that being shaped by what you think you might want to do.

    That’s why I don’t ask.



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