How to make money buying land and selling timber

Just as land transactions differ from residential ones, so do the agents that handle them. I started looking at purchasing land near my home several years ago. Could you not purchase your acreage similarly. Drew Kurianowicz. Your forester will also make sure that you are following your management plan and doing everything possible to meet your goals and maximize the return on your investment.

Profit From It

From finding a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. Selling timber is like that too—there are several steps to the process, many of which may be new to you. Finding the right consulting forester to help you through the selling process can make your timber sale easier and more profitable. A written forest management plan describes your woods, your goals for their management and development over time, and the steps you need to take to reach those goals. Having a plan can help you decide the details of your harvest—where, how, which trees. Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help. The physical boundaries include the edges and corners of your woods.

What Is My Timber Worth, and How Do I Sell It?

So what can you do and how do you do it? People who own recreational type property often look for ways to make a few bucks here and there and lessen the expense of owning. Not every one of these ideas can work for you but 1 is all you need to bring in some money and reduce the financial obligations in long term ownership. Your tax bill might be a few hundred a year or maybe a couple thousand. Either way this can work. There are many up here who are harvesting lower grade trees for hardwood pulp and that is probably all you would need to pay your tax bills.

The Basic Economics of Owning Timberland

From how to make money buying land and selling timber a buyer to filling out the right paperwork, there are lots of little steps to keep track of throughout the selling process. Selling timber is like that too—there are several steps to the process, many of which may be new to you. Finding the right consulting forester to help you through the selling process can make your timber sale easier and more profitable.

A written forest management plan describes your woods, your goals for their management and development over time, and the steps you need to take to reach those goals. Having a plan can help you decide the details of your harvest—where, how, which trees. Log in and use the My Land Plan Tool to get started on a plan, and ask your forester for help.

The physical boundaries include the edges and corners of your woods. You want to know and mark these to avoid disagreements with your loggers and your neighbors.

Do you want the loggers to follow certain rules? Do you want them to use existing roads or build new ones? Figure out what restrictions you need to protect the health of your woods before you proceed.

Create a timber sale notice for a list of reputable buyers. In the sealed bid method, buyers get a period of time usually weeks to inspect the timber and mail you written bids. All the bids are then opened on the day of the sale. The contract protects you. Learn more about your timber sale contract. Before the harvesting begins, review your contract with the loggers so everyone is aware of the property boundaries and the practices you expect them to follow.

Once the cutting begins, make several visits to your woods or ask your forester to check on them, to make sure the harvest is going as you agreed. Fundamentally, steps 1 through 8 are all about being prepared and informed. Skip to main content. What do you want to do with your land? Map your land with the MyLandPlan Tool even before you begin planning your next harvest. Previous page. Why Sell Timber? Next page. The Value of Your Trees. How can I get more tips? Enter your email .

ALL the info the NY land buyer NEEDS … and a little bit more

Higher-quality trees fetch better prices, because of the buyinf they yield. Service forestry personnel are often located within the state Department of Natural Resources, Division of Forestry, or Forestry Commission. Sellung laws actually prevent that from happening. Can Timberland Be a Profitable Investment? Forestry consultants can be found in the Yellow Pages of your telephone book, listed under «Foresters-Consulting», «Forestry Consultants», «Foresters», or even «Timberland Companies. The best part is that there will always be money and timber. Here are additional agencies that can assist you and provide more resources:. Our GIS team consistently works on collecting all the data from our markets.