Asheville North Carolina Real Estate

BUYING NORTH CAROLINA MOUNTAIN LAND

If you ask most large land tract brokers what is the most frustrating thing about dealing with their buyer-clients, they will probably tell you, without hesitation, that it is those individuals who have no idea what they actually want. We can assure you with great confidence that the entire process of finding the mountain property of your dreams that best suits all of your wants needs and desires will go extremely well… IF… you take the time to thoroughly think through the questions and suggestions outlined below.

What are the Major Attributes/Characteristics of the North Carolina Land that you Desire?:

  • What is your target range of acres?
  • What is your target price range?
  • What is the low-to-high range of elevation? Elevation can affect views, weather, temperature, wind speed, cell phone reception, insurance rates and more.
  • How would you describe the topography that best suits your needs? Is it generally level, rolling, moderately steep, steep or some combination thereof?
  • What orientation are you looking for? Should the property point to the north, east, south or west… or some combination of the above? Orientation can affect views, temperature and importantly, the resulting speed of snow and ice melt, solar gain and solar power installations, landscaping and more. We will warn you in advance that you probably want to avoid purchasing property that has a predominately north-facing orientation
  • What views are the most attractive to you? Are they mountain views? Are they short-range, mid-range or long-range layered mountain views? Are they views of the Blue Ridge Mountains or the Smoky Mountains? How high are the peaks and ridge lines that should be in your view? Do you want pasture views? Do you want nighttime views of the lights of downtown areas?
  • Do you want the primary vehicular routes to be paved or is a compacted rock surface okay? How wide should they be? How steep is too steep?
  • Do you want water on your property? Do you want lakefront property with unrestricted access to the lake? Do you prefer a lake that is a power company lake? Do you want access to dockage and/or the right to build a dock? Do you desire natural springs, ponds, streams or creeks on your property? Should the pond be stocked with fish? Do you want the streams to be recognized trout streams?
  • Do you want hiking and nature trails? How about equestrian trails, mountain-biking trails or ATV trails?
  • Do you prefer an abundance of granite or other rock outcroppings?
  • Is having commercially marketable, old-growth hardwoods important to you?
  • Do you care if the property has been commercially logged in the past?
  • Do you prefer having wildlife on your property such as deer, turkey, black bear, coyote, bobcat or other?
  • Is it important to buy property that abuts national forest lands, state forest lands or other land tracts that are subject to conservation?
  • Would you want to work with Land Trusts or Land Conservancies to consider placing a conservation easement on all or a portion of your property?
  • Do you prefer a central, municipal water supply or are you okay with drilled wells on the property for domestic water usage? Have any wells been drilled to date on the subject property? If so, how deep did they have to go and what output in gallons per minute (GPM) did the wells achieve?
  • Do you prefer a central, municipal sewer system or is a septic and drain field wastewater system acceptable? Are the soils amenable to the installation and use of a conventional septic and drain field system?
  • Is trash pick-up at the residence a requirement?
  • Is mail delivery to the residence a requirement?
  • Do you have any special requirements for electrical power, telephone, CATV or natural gas?
  • Do you need multiple build sites or just one site for one residence?

Regulatory/Legal Issues that may impact your decision to buy a specific North Carolina Property:

  • What is the current zoning of the land? Does the current zoning allow the use(s) that you desire?
  • Are there any other county mandated zoning overlays that affect the property?
  • What are the current real estate taxes and millage rates that apply to the property?
  • Does the Army Corp of Engineers (ACOE) or the North Carolina Department of Environment and Natural Resources (NCDENR) have any regulatory authority over any water bodies on the property?
  • Are there any concerns attributable to flood-plain or flood-way impacts?
  • Is the property subject to a Conservation Easement?
  • Does the have a deeded Right-of-Way providing permanent access to a public street?
  • Can you obtain clear and insurable title to the property?
  • Can you obtain a copy of the most recent Title Policy from the seller?
  • Are there any historical uses of the property that might cause environmental concerns?
  • Are you aware of any protected species of flora or fauna on the property?

Locational Aspects of the North Carolina Land you Hope to Purchase:

  • What Western North Carolina town(s) do you prefer to be closest to?
  • Is the primary access route to the property a pleasant driving experience or does it travel through undesirable areas?
  • How far will you be from…
    Downtown Asheville
    The downtown of your hometown of choice
    The closest regional and international airports
    The closest elementary schools, middle schools and high schools
    The Closest universities such as UNC Asheville, Western Carolina University, Appalachian State University and smaller colleges such as Warren Wilson College, Brevard College, Mars Hill College and others.
    The closest shopping facilities for every-day necessities
    The closest shopping malls
    Mission Hospital in Asheville or other, alternative hospital/medical facilities
    The closest fire station (This is critical to property insurance rates for one’s residence.)
    Interstates 40 and 26
    The Blue Ridge Parkway
    The Appalachian Trail
    Significant rivers – the Tuckasegee, Nolichucky, French Broad, Davidson, Pigeon, Nantahala, Little Tennessee and North Fork Rivers and Hazel Creek and Eagle Creek in the Great Smoky Mountains National Park. Recreation opportunities include fly-fishing, kayaking, canoeing and white-water rafting among others
    Significant waterfalls
    Semi-private and private golf courses and tennis facilities
    Skiing, snowboarding and snow-tubing at ski areas such as Beech Mountain, Sugar Mountain, Wolf Laurel and Cataloochie
    The Great Smoky Mountains National Park
    The Pisgah, Cherokee or Nantahala National Forests
    The Dupont or Headwaters State Forests

Other Key Questions to Ask Yourself in Preparation for Making an Offer:

  • Has the seller had a boundary survey completed? If not, you must be willing to have one completed at your expense. The risk is simply too great to NOT have a boundary survey completed that will confirm the exact boundaries of ownership and any easements, encumbrances, encroachments and other pertinent information affecting the property.
  • Have you toured the entire property to assure yourself there will be no surprises?
  • Have you reviewed a topographic map of the property?
  • Do you understand the views in all directions?
  • Have you researched the current uses of the abutting tracts of land?
  • Will the seller offer a Purchase-Money Mortgage (seller-financing)?
  • If the seller is not interested in providing seller financing, have you secured acceptable financing through other conventional funding sources?
  • If you are pursuing a 1031 Exchange, is the seller willing to cooperate with that process?
  • Have you and your broker analyzed applicable market comparables?
  • Do you have an exit strategy to maximize value in the future if you want to sell the property? Have you looked into its “Highest and Best Use” and the valuation the property has the potential of achieving based on that Highest and Best Use?


SELLING YOUR NORTH CAROLINA MOUNTAIN LAND

Let’s give your potential buyers as many good and honest reasons as possible as to why the land that you are offering them is the land that they need to buy. Ask yourself the following questions and we’ll help you analyze the answers and how those answers impact the perceived value of the opportunity you are presenting to your buyers:

Attributes/Characteristics of Your North Carolina Land:

  • How many acres is your tract of land?
  • What is the low-to-high elevation range of your property? Elevation can affect views, weather, temperature, wind speed, cell phone reception, insurance rates and more.
  • How would you describe the topography? Is it generally level, rolling, moderately steep, steep or some combination thereof?
  • What is the orientation? Does the property point to the north, east, south or west… or some combination of the above? Orientation can affect views, temperature and importantly, the resulting speed of snow and ice melt, solar gain and solar power installations, landscaping and more.
  • What are the views? Are they mountain views? Are they short-range, mid-range or long-range layered mountain views? Are they views of the Blue Ridge Mountains or the Smoky Mountains? How high are the peaks and ridge lines that are in your view? Do you have pasture views? Do you have nighttime views of the lights of downtown areas?
  • Are the primary vehicular routes paved? How wide are they? How steep are they? Do they drain well?
  • Do you have water on your property? Do you have lakefront property with unrestricted access to the lake? Is the lake a power company lake? Do you have access to dockage and/or the right to build a dock? Do you have natural springs, ponds, streams or creeks on your property? Is the pond stocked with fish? Are the streams considered trout streams?
  • Do you have hiking and nature trails? Do you have equestrian trails, mountain-biking trails or ATV trails?
  • Do you have an abundance of granite or other rock outcroppings?
  • Do you have an abundance of commercially marketable old-growth hardwoods?
  • Has your property been commercially logged in the past? How long ago was the property last logged?
  • Do you have abundant wildlife on your property such as deer, turkey, black bear, coyote, bobcat or other?
  • Does your property abut national forest lands, state forest lands or other land tracts that are subject to conservation?
  • Would some or all of your property be of interest to Land Trusts or Land Conservancies?
  • Is there a central, municipal water supply or do you have operational wells on the property for domestic water usage?
    Is there a central, municipal sewer system or are the soils amenable to septic and drain field wastewater systems?
  • Is trash pick-up at the residence available?
  • Is mail delivery to the residence available?
  • Are there adequate sources of electrical power, telephone, CATV and natural gas?
  • Are there multiple build sites?

Regulatory/Legal Issues Associated with Your North Carolina Land:

  • What is the current zoning of your land?
  • Are there any other county mandated zoning overlays that affect your property?
  • What are the current real estate taxes and millage rates that encumber your property?
  • Does the Army Corp of Engineers (ACOE) or the North Carolina Department of Environment and Natural Resources (NCDENR) have any regulatory authority over any water bodies on your property?
  • Are there any concerns attributable to flood-plain or flood-way impacts?
  • Is your property subject to a Conservation Easement?
  • Do you have a deeded Right-of-Way providing permanent access to a public street?
  • Do you have clear and insurable title to your property?
  • Do you have a copy of the most recent Title Policy?
  • Are there any historical uses that might cause environmental concerns?

Locational Aspects of Your North Carolina Land:

  • What Western North Carolina town are you closest to?
  • What is the primary access route to the property?
  • How far are you from…
    Downtown Asheville
    The closest regional and international airports
    The closest elementary schools, middle schools and high schools
    The Closest universities such as UNC Asheville, Western Carolina University, Appalachian State University and smaller colleges such as Warren Wilson College, Brevard College, Mars Hill College and others.
    The closest shopping facilities for every-day necessities
    The closest shopping malls
    Mission Hospital in Asheville or other, alternative hospital/medical facilities
    The closest fire station (This is critical to property insurance rates for one’s residence.)
    Interstates 40 and 26
    The Blue Ridge Parkway
    The Appalachian Trail
    Significant rivers – the Tuckasegee, Nolichucky, French Broad, Davidson, Pigeon, Nantahala, Little Tennessee and North Fork Rivers and Hazel Creek and Eagle Creek in the Great Smoky Mountains National Park. Recreation opportunities include fly-fishing, kayaking, canoeing and white-water rafting among others
    Significant waterfalls
    Semi-private and private golf courses and tennis facilities
    Skiing, snowboarding and snow-tubing at ski areas such as Beech Mountain, Sugar Mountain, Wolf Laurel and Cataloochie
    The Great Smoky Mountains National Park
    The Pisgah, Cherokee or Nantahala National Forests
    The Dupont or Headwaters State Forests

The Preparation of Your North Carolina Land and Improving the Selling Environment:

  • Have you had a boundary survey completed?
  • Have you maintained the pasture/open areas?
  • Have you under-brushed the area most likely to be considered for building pads?
  • Have you cleared any and all logging trails, hiking and nature trails, equestrian trails and other avenues for touring the property?
  • Have you cleared visual pathways along and through the primary view corridors?
  • Do you have a topographic map available?
  • Do you have current photos of the property available?
  • Do you have aerial photos of the property available?
  • Are you willing to offer a Purchase-Money Mortgage (owner-financing)?
  • Are you willing to cooperate with a buyer pursuing a 1031 Exchange?
  • Have you had a recent appraisal of your property done?
  • Is your target List Price realistic in the Western North Carolina marketplace?

Our Location

Phone : (828) 506-8701

Email : billymayump@gmail.com

Address : 70 Weaverville Road, Asheville , NC , 28804