How To Sell Timber On Your Land : Timber Sales A Planning Guide For Landowners Nc State Extension Publications : Read the contr act, understand what it says, and know what is happening on your land.. If your property qualifies for our purchase program, we can have a tree removal crew out to you in as little as a few days. If there is a mortgage on your land, will the holders of the mortgage release the timber for sale? Be sure to obtain the mortgage holders' written permission before selling any timber. Is selling my timber bad for my property? If you own the surface, then in most cases, you own the timber.
Read the contr act, understand what it says, and know what is happening on your land. Then, let timber buyers compete by using the sealed bid method of selling. There are two methods of selling timber. You will know the amount of your cash offer before we shedule a visit, and we always pay on the same day our crew arrives to start work. It is possible to sell your trees for use as timber, and you could even make enough money to cover the cost of having nothing but chips clear your land.
Magnolia Land And Timber Company How To Sell Your Timber from 3.bp.blogspot.com Each way has its pros and cons. It is also important to understand that the condition of the forest after the sale profoundly affects its productivity for many. For those who feel confident dealing directly with timber buyers, we recommend obtaining a minimum of three bids on a clearly defined boundary of timber. Hardwoods, pine, etc) by clicking on the sell your timber button at the top of this page and filling out the form that opens. Do not allow a second party (buyer) to set the terms of your assets (timber). First, you can contact your service or county agricultural extension or forestry extension agent. Direct personal purchases represent the traditional way to buy timber land. If the decedent was carrying a cost basis, for the timber, then you would not have a zero basis, and would be allowed a step up to market value, which would result in no capital gain.
Cost basis for timber is usually zero.
First, you can contact your service or county agricultural extension or forestry extension agent. We recommend that you engage the services of a consulting forester and a timber buyer/harvester when selling your timber. Log sales involve harvesting and processing your own timber and then selling the finished products that come from it: Contacting an attorney may be necessary in formulating a contract. Is selling my timber bad for my property? If you own the surface, then in most cases, you own the timber. You get paid before any work starts. For those who feel confident dealing directly with timber buyers, we recommend obtaining a minimum of three bids on a clearly defined boundary of timber. Since stumpage or log prices are based on the timber or log volume, you will receive substantially more income with the rules that scale your sizes higher. One way we made a good sum of money upfront was to sell our timber. For example, take a log of 16 inches diameter x 16. Your timber represents an investment for the forest landowner and is the result of many years of past timber growth. Marketing timber is a more complicated process that typically includes soliciting sealed bids from several timber buyers in the area.
Then, let timber buyers compete by using the sealed bid method of selling. If your property qualifies for our purchase program, we can have a tree removal crew out to you in as little as a few days. We recommend that you engage the services of a consulting forester and a timber buyer/harvester when selling your timber. Please provide your forest location, approximate acreage, and types of trees (e.g. You may choose either to harvest your own timber and sell the cut product — such as veneer and saw logs, pulpwood, posts and poles — or to sell the standing trees and allow the buyer to cut and haul them.
How To Sell Your Timber from www.magnolialandandtimber.com The sale of timber is considered a capital gain. Marketing timber is a more complicated process that typically includes soliciting sealed bids from several timber buyers in the area. Please provide your forest location, approximate acreage, and types of trees (e.g. As such, a timber sale is a serious matter requiring careful preparation. The buyer must cut the logs and haul them to the mill to sell. How to sell timber on your property once a professional forester has inventoried your property and prepared some kind of a timber management plan, they can often help connect you with loggers/timber buyers in your area, who will come to your property with various logging equipment depending on the layout of your land. For those who feel confident dealing directly with timber buyers, we recommend obtaining a minimum of three bids on a clearly defined boundary of timber. There many ways you can make good money when you're living on a homestead.
It is possible to sell your trees for use as timber, and you could even make enough money to cover the cost of having nothing but chips clear your land.
We recommend that you engage the services of a consulting forester and a timber buyer/harvester when selling your timber. Be sure to obtain the mortgage holders' written permission before selling any timber. Landowners in the united states may sell timber off their land to earn some extra money, or they may operate thousands of acres of land as a full time job. While this is a great way to sell your timber, you may be missing out on a higher price. Selling timber versus marketing timber. Timber basis is not the cost of the property. Since stumpage or log prices are based on the timber or log volume, you will receive substantially more income with the rules that scale your sizes higher. You get paid before any work starts. There many ways you can make good money when you're living on a homestead. One way we made a good sum of money upfront was to sell our timber. Most of the time, both parties are happy with the transaction, but unfortunately there are some exceptions. Log sales involve harvesting and processing your own timber and then selling the finished products that come from it: Not all timber is valuable, however if you have valuable lumber you would like to sell to a logging company, we will stack it for you after we clear your land.
Most landowners will find that the services of a consulting forester are needed and beneficial. If the decedent was carrying a cost basis, for the timber, then you would not have a zero basis, and would be allowed a step up to market value, which would result in no capital gain. Timber basis is not the cost of the property. Do not allow a second party (buyer) to set the terms of your assets (timber). One way we made a good sum of money upfront was to sell our timber.
How To Sell Your Timber from www.magnolialandandtimber.com And if you own it, you can sell it. Since stumpage or log prices are based on the timber or log volume, you will receive substantially more income with the rules that scale your sizes higher. If you would like us to call or text, please provide your phone number and a good time to call. Selling your timber is simply offering the timber to a buyer and negotiating a price. It is also important to understand that the condition of the forest after the sale profoundly affects its productivity for many. Log sales involve harvesting and processing your own timber and then selling the finished products that come from it: Timber basis is not the cost of the property. Think of a timber sale contract as your sales receipt for your timber.
How to sell timber on your property once a professional forester has inventoried your property and prepared some kind of a timber management plan, they can often help connect you with loggers/timber buyers in your area, who will come to your property with various logging equipment depending on the layout of your land.
When it's time for the final harvest, always get an independent appraisal ahead of time. What is my timber worth? We recommend that you engage the services of a consulting forester and a timber buyer/harvester when selling your timber. If you own the surface, then in most cases, you own the timber. For those who feel confident dealing directly with timber buyers, we recommend obtaining a minimum of three bids on a clearly defined boundary of timber. Most likely they will, perhaps with a provision that they receive a part of the proceeds. How to sell timber on your property once a professional forester has inventoried your property and prepared some kind of a timber management plan, they can often help connect you with loggers/timber buyers in your area, who will come to your property with various logging equipment depending on the layout of your land. Marketing timber is a more complicated process that typically includes soliciting sealed bids from several timber buyers in the area. You may choose either to harvest your own timber and sell the cut product — such as veneer and saw logs, pulpwood, posts and poles — or to sell the standing trees and allow the buyer to cut and haul them. Most landowners will find that the services of a consulting forester are needed and beneficial. In this article we are going to discuss a few of the options timber owners have, and some additional matters to consider when selling your timber. Forest timber on the land. The benefits here are that you own your own land to do with what you please.
