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Old 07-10-2019, 03:24 PM   #1
Barrett
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Default Barbed Wire Fence Value

I am looking into purchasing my neighbors 200 acres and I know what he paid for the ranch less than 2 years ago. He is asking a significantly higher price and all he has done in cleared up about 50 acres and added new fence. Anyone on here know how I would place a value on new fencing and land clearing?
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Old 07-10-2019, 03:27 PM   #2
tdwinklr
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get some local quotes on both, but needs to be similar to type of fence he has now and if he did the land clearing himself or not. Some of this fencing contracting now days is pretty steep.
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Old 07-10-2019, 03:29 PM   #3
Codie
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the same added value someone replacing their privacy fence in their back yard before selling the property would get - NOT MUCH
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Old 07-10-2019, 03:32 PM   #4
BrandonA
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Cost is gonna be around 1.50-1.60 a ft. He most likely wrote some of that cost off . A good new fence has value and a higher premium imo
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Old 07-10-2019, 03:33 PM   #5
Parramore
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5 Strand Barbed Wire with H braces every 500' in West Texas with moderate brush (mesquite and cedar) and partly rocky -- $13500 a mile plus or minus. I try to keep the footage at 2.25-2.75 a foot. Grubbing is usually around $1200-1500 a day and depending on how thick it is, 50 acres could take up to 7 days done properly.
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Old 07-10-2019, 03:36 PM   #6
BrianL
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What he paid has little bearing on value... Fencing here is about 2-2.5/ft, and about $350/ac of 100% canopy coverage.
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Old 07-10-2019, 03:46 PM   #7
TX_Hoghunter
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What he did has nothing to do with what the place is worth now. It is what the local land market will bear.

-john
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Old 07-10-2019, 03:50 PM   #8
bullets13
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Fence price isn’t really relevant. What’s relevant is what he wants to sell the property for. You might be able to work him down some, but taking the approach of “I know what you paid two years ago” isn’t going to get you far.
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Old 07-10-2019, 03:54 PM   #9
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What he did has nothing to do with what the place is worth now. It is what the local land market will bear.

-john
^^^This. What is your plan? Tell him you know he paid $600,000 for the place and then put $20,000 in fencing. So you think he should get $650,000 for his trouble of putting up the fence and land clearing?

The fence cost won't have any bearing on what the value of the property is today. Especially since he has already listed the property for sale.
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Old 07-10-2019, 03:56 PM   #10
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Fence price isnít really relevant. Whatís relevant is what he wants to sell the property for. You might be able to work him down some, but taking the approach of ďI know what you paid two years agoĒ isnít going to get you far.
maybe not but at least he would have some good 'ammo' with fence and clearing prices to use when he goes and makes an offer. And also checking the value on the appraisal office site gives him somewhere to start.
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Old 07-10-2019, 04:05 PM   #11
bullets13
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maybe not but at least he would have some good 'ammo' with fence and clearing prices to use when he goes and makes an offer. And also checking the value on the appraisal office site gives him somewhere to start.
It could. Then again, the owner of the land has some ammo in that the land is more valuable to his neighbor who wants to buy it than it would be to someone else who could shop around and buy somewhere else.
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Old 07-10-2019, 04:11 PM   #12
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It could. Then again, the owner of the land has some ammo in that the land is more valuable to his neighbor who wants to buy it than it would be to someone else who could shop around and buy somewhere else.
First rule in RealEstate, Location Location Location.
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Old 07-10-2019, 04:15 PM   #13
Dirtymike
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Fence price isnít really relevant. Whatís relevant is what he wants to sell the property for. You might be able to work him down some, but taking the approach of ďI know what you paid two years agoĒ isnít going to get you far.
I agree. Property behind me doubled in 6 months.
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Old 07-10-2019, 05:13 PM   #14
Barrett
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I realize that comps. are the best measuring stick, except that not all sales are reported/some sales before brought to market. etc. I am merely trying to get an understanding of "improvements" in case it becomes part of a discussion. He is asking 80% more than what he paid 1.5 years ago. Basically I'm trying to glean as much information I can before starting a serious conversation with the owner. Ranch is not yet listed but coming soon.
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Old 07-10-2019, 05:17 PM   #15
txwhitetail
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Probably $2.50 ft range on barbed. +/-.

A lot of variables go into the clearing part.


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Old 07-10-2019, 05:33 PM   #16
BrandonA
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Quote:
Originally Posted by TX_Hoghunter View Post
What he did has nothing to do with what the place is worth now. It is what the local land market will bear.

-john
This. All improvements made add value , from roads, brush cleared, structures and yes fence.
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Old 07-10-2019, 06:46 PM   #17
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I bought 56 acres in Bandera County for $180k, invested $30k more, for a total of $210k. Sold a year later for $250k. It’s worth whatever you or someone else will pay.
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Old 07-10-2019, 06:51 PM   #18
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Yep, people buy real estate just to quickly sell it and make a huge profit. It's worth what someone will pay unfortunately.
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Old 07-10-2019, 06:53 PM   #19
TX_Hoghunter
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Look at it this way...If he bought for 200,000. Spent 20,000 on fence and then the market crashed and it was worth 75,000 would you still pay him 220,000? Nope you would pay him no more than 75,000.......It is all market based.

-john
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Old 07-10-2019, 08:08 PM   #20
walker1983
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Default Barbed Wire Fence Value

I could see a couple miles of new 5 strand and 50 acres of quality brush work being over 75k+ once all is said and done.
If he bought the place with a broker 2 years ago, heíd likely have to sell it for 5-6% over what he paid, plus the money he has in it to break even.

Iíd work up your offer and see where it lands with him, before reminding him how much he has in it. Maybe he wants out


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Old 07-10-2019, 09:52 PM   #21
M16
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Quote:
Originally Posted by TX_Hoghunter View Post
What he did has nothing to do with what the place is worth now. It is what the local land market will bear.

-john
Agreed. You can try using that angle. But it wouldn't work with me.
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Old 07-11-2019, 04:36 AM   #22
Atfulldraw
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The real question you need to be asking is what is it worth to you.

(to not have a new, crappy neighbor.....)
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Old 07-11-2019, 04:45 AM   #23
tps7742
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[QUOTE=Atfulldraw;14239223]The real question you need to be asking is what is it worth to you.

(to not have a new, crappy neighbor)

What he said.
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Old 07-11-2019, 05:25 AM   #24
Texas8point
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[quote=tps7742;14239225]
Quote:
Originally Posted by Atfulldraw View Post
The real question you need to be asking is what is it worth to you.

(to not have a new, crappy neighbor)

What he said.
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Old 07-11-2019, 05:27 AM   #25
barnett77859
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I would think the balls in his court if hes will to set on the land and wait it will bring what he is asking if the lay of the land is good he could split it up and might get a little more selling in smaller plots land prices are on the rise.
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Old 07-11-2019, 07:56 AM   #26
hardtner
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Using the "what he has in it" negotiating model is a bad, bad idea. It's irrelevant and will likely tick off the seller right away.
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Old 07-11-2019, 08:04 AM   #27
Heath
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Using the "what he has in it" negotiating model is a bad, bad idea. It's irrelevant and will likely tick off the seller right away.
This. I had a buyer that looked at my place two times, the second time bringing out 8 members of their family. They had been looking for two years when they found my place. They fell in love with the place and was ready to sign the papers.

His BIL (a real estate agent from 4 hours away) gets in the picture and starts playing the, "I know what you paid for it game". The low balled their offer (after being okay at full price), I sold it the next day to another cash offer guy for close to full ask. The ol boy was sick he lost out on the place.
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Old 07-11-2019, 10:08 AM   #28
Split_Brow
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Sounds to me like he bought the place at a heck of a deal, probably below market value, cleaned it up nicely and turned it into a turn key property, and is now listing it at a premium. People are willing to pay a premium for a turn key finished property because they either don't want to mess with the clean up and additions or they just lack the vision in the first place. As mentioned before, it will either be you that wants it bad enough or the next guy that did not know the history of it like you, and just sees a great looking finished property. but either way, I bet the land owner gets close to what he's asking for it.
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Old 07-11-2019, 10:19 AM   #29
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My opinion for what it's worth. If you are truly interested in the property, I would set up a meeting with him and try to talk it out. Explain to him, he can sell it to you for less money by not listing with an agent and you can close faster and be less headache.

At the end of the day, he is going to have a number he wants to walk out of there with.

That would be my approach.

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Old 07-11-2019, 12:33 PM   #30
tdwinklr
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Quote:
Originally Posted by 44mAG View Post
Yep, people buy real estate just to quickly sell it and make a huge profit. It's worth what someone will pay unfortunately.
Unfortunately this IS the case, even when owners do nothing improvement-wise.
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Old 07-11-2019, 01:01 PM   #31
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Its not going to be what he paid for the fence.......its what comps are going for in the area.
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Old 07-11-2019, 01:07 PM   #32
BrianL
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Sounds like you might should have bought it two years ago..... You can always make an offer, and he can accept or refuse. If he is too high it won't sell when listed, if he isn't too high someone will buy it and then in two years you can try again....
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Old 07-11-2019, 01:17 PM   #33
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Unfortunately this IS the case, even when owners do nothing improvement-wise.
Nothing unfortunate about it. Donít like it donít buy it. Somebody else will.
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Old 07-11-2019, 01:44 PM   #34
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Nothing unfortunate about it. Donít like it donít buy it. Somebody else will.
I'm glad you said it. What the hell is "unfortunate" about someone making money off of real estate. It amazes me how much some people hate free enterprise.
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Old 07-11-2019, 03:59 PM   #35
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I'm glad you said it. What the hell is "unfortunate" about someone making money off of real estate. It amazes me how much some people hate free enterprise.
Nobody should be making money on real estate. If they've got that much money they should have to give it to the needy and those that won't work.





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Old 07-11-2019, 04:16 PM   #36
mpotts
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Quote:
Originally Posted by Barrett View Post
I am looking into purchasing my neighbors 200 acres and I know what he paid for the ranch less than 2 years ago. He is asking a significantly higher price and all he has done in cleared up about 50 acres and added new fence. Anyone on here know how I would place a value on new fencing and land clearing?
we had 3 miles of Fence 8 strand barbed wire in Lampasas County done 3.95/ft
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