Mike Browning

Tag: land value

  • Things Are Headed South

    Things Are Headed South

    And we plan to get there first.

    Yesterday I talked about how things seem to be getting worse and worse in the world, and how people tend to want to put things off until the situation looks a little more stable.

    It’s not just having kids, it goes into things like changing jobs, starting or expanding a business, or doing anything that involves risk (that is, anything at all). But if you wait for perfect conditions to arrive to do something, you’ll likely never do anything at all.

    Most of the time, the “right time” is now.

    If you time it perfectly, great. Most of the time you won’t. But if you learn to succeed when circumstances aren’t ideal, you’ll be that much better positioned when they improve.

    So in the interest of taking our own advice, while everyone is saying things are headed south figuratively, we are heading south literally.

    To Hillsboro.

    Introducing MBR Land Group, our Hill County-based land brokerage operation serving Hill County and the surrounding area.

    My brother Matt lives in Hillsboro and is the guy to talk to if you’re looking to buy or sell lots or land down that way. Or pretty much anything but residential.

    Matt can be reached at matt@browningre.com or by phone at 254.324.6969

    If you own land in the area, you’re probably not looking to sell today. Or maybe ever. But between data centers, wind farms and future growth, things may be starting to look a little different than you expected.

    Things change, often quickly. It’s better to have information and know how things stand before you need it instead of scrambling after the fact.

    The MBR Land Reality Check gives you a clear eyed view of what’s going on in the area around your property and helps you know what it might be worth today. You get real comps, real analysis and insight from people who handle land for a living.

    Not house sellers moonlighting as land agents.

    It’s free. Better yet, there’s no obligation or pressure to list, and you won’t end up in a buzzword filled presentation just because you wanted some basic information.

    Is it a bad idea to know where things stand?

    Give yourself permission to look!

    Check it out here.

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  • The Gas Price People

    The Gas Price People

    It doesn’t pay to worry about the price of something you have to buy no matter what.

    Since I’m out looking at land all over DFW, I drive more miles than most people do in a month. And I don’t drive a Prius, I drive a pickup. Not one of the giant, jacked-up models, but I’m still not winning any awards for conservation.

    So if anyone should be paying attention to gas prices it should be me. But I don’t. But that doesn’t prevent others from telling me about the latest moves.

    You know the type. They watch the price board every time they pass a station. They’ll drive ten miles out of their way to save three cents a gallon. Burn more gas than the savings they get. They text their spouse: “Buc-ee’s in Melissa is at $3.09 right now.” The gas price conversation comes up at dinner like they’re tracking a stock.

    But think about it. Say prices jump twenty cents a gallon. My truck takes about 26 gallons. That’s five dollars more per fill up. Five bucks. The mental energy some people spend tracking that number, recalculating, stressing, and comparing costs more than five dollars. Probably a lot more.

    As a wise man once said: he who knows the price of everything knows the value of nothing.

    And that’s the real problem. When you’re focused on what something costs, you stop thinking about what it’s worth.

    Landowners do this too.

    Not with gas prices. With phone calls.

    They’ve been sitting on a piece of land, could be a hundred acres, could be forty, and every so often they wonder what it’s worth. What’s been selling nearby. Whether the market shifted. Whether now’s the time or not.

    But they don’t do anything about it.

    They’ve decided that the cost of checking is too high. Not in money. Something worse: the pressure. The pitch. The agent who’s going to spend forty-five minutes making it real estate conversation instead of land conversation, then follow up every two weeks until they finally block the number.

    So they wait. And while they’re waiting, they’re not getting the information they’d need to make a good decision when the time comes.

    That’s the real cost. And it’s not five dollars.

    Here’s what I’d ask you to think about.

    What if you knew ahead of time that the pressure thing wasn’t going to happen? If I promised you the conversation was just going to be information, that I wasn’t going to push, that you reach out and end up with a clearer picture and nothing more, would it still make sense to wait?

    Of course anyone can promise no pressure. But don’t take my word for it, hear it from people who actually got a Land Reality Check:

    “The information was helpful by providing market information. I did not and do not feel pressured to take any action. The information provided serves as a baseline for the market value of the property.”

    — Mary G., Frisco

    “How quickly I received a response that was so full of detailed information that I never would have known to even think about.”

    — Lisa H., McKinney

    “I was amazed at all the info I received. For free.”

    — Barbara K., Denison

    The value of knowing what your land is worth doesn’t go away because you’re not planning to sell today. If anything it goes up, because the people who make good decisions on land almost always understood the market before they needed to.

    The cost you’re worried about? It doesn’t exist here.

    PS- You’re probably not looking to sell today. And that’s great.

    But is it a bad idea to know where things stand?

    That’s what the MBR Land Reality Check is for. Sales data, competing listings, development pressure, the factors that affect value that you can’t see from the road.

    No pressure. No drama. Just valuable info to use when you’re ready. If ever.

    Get Yours Here

    PPS-Not ready for that yet? You can sign up below and just read. Land, markets, negotiation. No pitch.

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    By submitting, I understand I will receive marketing emails and blog posts from Mike Browning Realty and/or associated companies. Unsubscribe at any time.