REITs – why does that matter to a recreational land buyer?

In learning about PotlatchDeltic, you might have seen that the company is a real estate investment trust, or REIT. So, what is a REIT, and why does that matter to you as a recreational land buyer?

A REIT is a company that owns, operates or finances income-producing real estate. PotlatchDeltic is a timber REIT, owning nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi, and a small percentage of select acreage is available for sale. In a 2019 ranking of the top timberland owners in North America, PotlatchDeltic was ranked No. 5.

As a story on the SeekingAlpha website describes, “timber REITs are among the leaders in sustainable foresting, with all four timberland REITs having 100% of their land third-party certified as sustainable either by the Sustainable Forestry Initiative (SFI) or the Forest Stewardship Council (FSC).”

In fact, timber REITs generally plant significantly more trees in a given year than they harvest, the story says.

This commitment to sustainable practices, tied to having a wide range of properties for sale, is a good equation for recreational land buyers looking for a property that’s been well taken care of by a company like PotlatchDeltic with deep forestry and real estate experience.

If you’d like to start your recreational land search, start with PotlatchDeltic.  Contact us today!

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Plan to build on your property? Four things to consider.

Recreational property buyers often want to someday build on the land, whether it’s going to be a primary home, a hunting cabin or a storage shed.

But no matter what kind of structure you’re planning to build, the time to think about it is before you buy, because you’ll want to be sure the property you purchase is a good fit for that use.

Ben Ballard of PotlatchDeltic sees all kinds of uses by the buyers at Sportsman’s Estates, a rural residential PotlatchDeltic community southeast of St. Maries, Idaho. One buyer, a commercial fisherman, is building a structure that will serve as a shop, storage space and cabin. Others are camping on their properties for now, with plans to build cabins in the future.

“Buying property and building later can make a lot of sense,” Ben says. “You spread out your costs over time while you create the property you really desire. And as you spend time in the area, you determine what type of structure will best fit your needs in terms of sleeping capacity, storage needs, you name it.”

So to plan ahead, here are four things that Ben suggests buyers consider if they think they want to build on their recreational property someday:

1 > Make sure the property has good road access, and easy access to power.
Roads should be in good shape, and power should be available within a reasonable distance. This is an advantage of buying in a developed rural community like Sportsman’s Estates, or others that PotlatchDeltic has for sale, like Tie Creek near Orofino, Idaho and Living on the Edge in Ely, Minnesota.

2 > Get an idea of what will be required to get water on the site.
Rural real estate brokers like the experts in the PotlatchDeltic Preferred Broker Network should be able to get you well reports for nearby properties, so you can get an idea of well depths in the area. This is also a good way to find out who the well contractors are in your area.

3 > Decide whether you want to live in an area with CC&Rs.
Some rural buyers like to be in a community with covenants, conditions & restrictions (CC&Rs), which may regulate anything from the types of structures allowed to whether you’re able to keep non-functioning cars and trucks on the property. Pros: These regulations can ensure that your neighbors don’t do something with their property that is out of character with the area. Cons: You may not want any sort of use restrictions on your property.

One thing to consider as you decide about CC&Rs is the size of the parcels in the community. If you have a larger parcel and can’t see your neighbors, it may not matter to you what they do with their property. Some PotlatchDeltic rural communities, like Tie Creek, have CC&Rs, while others, like Sportsman’s Estates, don’t.

4 >  Consider what there is to do in the surrounding area, which ties to whether you’ll want to spend a significant amount of time on the property.
Sportsman’s Estates, for example, is within easy reach of a wealth of recreational opportunities. This area of north Idaho has the St. Maries River and St. Joe River for such activities as fishing, kayaking, rafting and canoeing. It’s close to thousands of acres of public land for hunting. And it’s only an hour from the shops and restaurants in the quaint town of Coeur d’Alene.

“What’s the point of buying a property and building a cabin on it if you don’t want to spend a lot of time there?” Ben says. “At PotlatchDeltic, we focus on selling properties that are close to tons of things to do, both for kids and adults. It’s such a joy to sell a piece of property and to hear how the buyer’s family is enjoying it.”

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Happy Holidays from all of us at PotlatchDeltic!

We wish you the merriest of holidays and
the
happiest of new years!

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Have yourself a merry read of our latest newsletter!

It’s a time of year for wishes to come true, and if owning your own recreational property is on your list, we invite you to read our latest newsletter issue! It’s chock-full of interesting tidbits…

  • Planning to build on your property after you buy it?  Read about the things you should consider before you buy.
  • Ever wondered what a REIT is?  Find out in this issue.
  • Don’t miss this season’s Property Showcase to see some amazing land-buying opportunities.  Prefer to watch the video?  Click here.

All this and more… don’t miss a single tidbit!  You’ll find all these great articles in this issue of The Property Perspective – ONLINE or PDF (to read, just click on your preferred viewing format).

We invite you to preview PotlatchDeltic’s premier property inventory in Alabama, Arkansas, Idaho, Minnesota or Mississippi.

We’re here when you’re ready to take that next step. Have questions or not sure how to get started? Send us an email.

Merry, merry and happy hunting!

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Must-have Items to Keep in your Vehicle this Winter!

As the weather turns colder around the country, it’s a good time to review what you have in your vehicle for your winter adventures, especially if you live in a Northern state.

Whether you’re going hunting, taking a cross-country skiing trip, or just embarking on a hike deep in the woods, it’s important to be able to get home if you have vehicle trouble or if the weather quickly turns nasty.

With this in mind, the gohunt.com website offers a list of 11 must-haves for your peace of mind, ranging from more obvious items, like tire chains and jumper cables, to things you might not have thought about, like a battery jump starter box and a tool bag with an assortment of wrenches.

As you start planning your next outdoor adventure, it’s a good time to think about getting a home base of your own. The recreational real estate experts in PotlatchDeltic’s Preferred Broker Network are well-versed in finding you a property that can be used for anything from a hunting camp to a well-appointed cabin. Give one of our Preferred Brokers a call today to start your property search.

 

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Winter Property Visits can be Rewarding, but Plan Ahead

If you’re looking to buy recreational property in northern states like Minnesota and Idaho, you might wonder whether you can have a productive property visit when its’s cold and snowy.

The answer is yes: There is no reason you should have to wait until spring to figure out where you want to buy. In fact, seeing property in the winter can be great fun and is often an experience many buyers have never been exposed to.

In the Ely, Minnesota area, where Charlie Chernak of Bear Island Land Co. sells property, his land showings often involve driving, then unloading snowmobiles, and finally strapping on a pair of snowshoes. But the effort is worth it, says Charlie, a member of the PotlatchDeltic Preferred Broker Network.

“Even if there’s snow on the ground, an experienced land broker can show you the property in a way where you’ll have confidence in knowing what the terrain is like,” he says.

First, plan ahead for your outdoor property visit. Wear proper clothes and headgear. If you’re going to be snowshoeing, practice ahead of time. Carry extra batteries for your GPS unit. Bring water. And make sure you are with someone who knows the area and is experienced in the outdoors.

With the proper precautions, here are four reasons why looking at property in the winter doesn’t have to be a hindrance for you as a buyer, from Charlie Chernak and from Brett Anderson of LandRadar.com by Close-Converse, which sells properties in the Brainerd, Minnesota area:

  1. Between using topographical maps and knowing what kinds of trees are found in lowlands, you can learn a property’s topography even if there’s snow on the ground.
  2. Winter is a great time to get wide views of a property, because there are no leaves on the trees or in the brush.
  3. Often, there is greater access to the wetland portions of a tract due to freeze-over.
  4. Winter visits can provide an excellent opportunity to see wildlife habitat due to the visibility of tracks in the snow. (And there are no bugs!)

Also, with the help of your broker, you can still see how a property looks during the spring, summer and fall with the help of photos and videos of the property.

So don’t delay. Contact one of the recreational property experts in the PotlatchDeltic Preferred Broker Network, and start your land search now so you’ll be ready to have a home base for your outdoor adventures every season of the year.

Posted in Land Buying Tips, Minnesota, PotlatchDeltic Tagged , , , , , , , No Comments

Happy Thanksgiving from all of us at PotlatchDeltic!

May the good things of life be yours in abundance,
at Thanksgiving and throughout the coming year.

If you cannot reach us this week, it’s because we are spending the holidays with family & friends.  
Please visit with us online or contact us on Monday, December 2nd.  Happy Thanksgiving!

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Do you know your hunting seasons?

We ran this a few months ago, but now that hunting seasons are well underway throughout the country and will be changing again in the coming weeks, we thought it was a good idea to share the information again.

The best website we’ve seen for finding all this information in one place is the HuntingSeasonHQ.com website, which easily gets you hunting season timeframes in each state.

You’ll find this link in our Resource Library, along with links to the state hunting regulatory agencies for Arkansas, Alabama, Idaho, Louisiana, Minnesota and Mississippi.  You’ll also find more articles there about hunting and things you can do to plan for the upcoming season.

At PotlatchDeltic, we specialize in preparing and selling recreational property that hunters will love. Call one of the experts in the PotlatchDeltic Preferred Broker Network to start the process, so you can have a hunting home base to call your own this fall.

Happy hunting!

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PotlatchDeltic Brokers named as Best Brokerages 2019

These brokerages have been named among “America’s Best Brokerages 2019” by the prestigious Land Report for the 10th consecutive year! We’re proud that our brokers have consistently been included in the list since its inception. Congratulations to every member of the PotlatchDeltic Preferred Broker Network for making Land Report’s annual list of top land brokers!!

For a PDF of the article, click this icon

AND, through their United Country Real Estate affiliation (National, p. 82):

Click for full article online

Brokers in the PotlatchDeltic Preferred Broker Network are experts in all aspects of recreational property sales. With decades of experience and deep knowledge of their geographic areas, they understand everything from what makes a quality hunting property to understanding how to ensure that a property fits a buyer’s exact needs.

Congratulations to all.  Keep up the good work!

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Busting Some Myths about Buying Land

79.3 Acres in Carroll County, MS. Listed with PotlatchDeltic Preferred Broker, Tom Smith Land and Homes

When you’re first thinking about buying recreational property, you may hear a number of myths about whether it’s a good idea to buy land.

The folks at Realtree United Country have a helpful blog that busts five of the predominant myths out there.

In a nutshell, here are the facts:

  • The land-buying process doesn’t have to be complex.
  • Buying land as an investment can be a smart move if you do your homework and have expert help.
  • You don’t have to have a ton of money to buy recreational property.
  • Buying land can be a better use of money than putting cash into a leased property.
  • Understanding the quality of wildlife in a certain area is critical, because not every piece of land is a good hunting property.

The recreational property sales experts in the PotlatchDeltic Preferred Broker Network are experienced myth-busters, helping both novice and repeat land buyers through the process. Call or email one of them to get your own piece of property this fall!

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