View source for Rural land sales

{{Short description|Understanding Rural land sales in real estate}}
'''Rural land sales''' in [[real estate]] refers to the sale of undeveloped land, usually as a [[Land lot|parcel]] or [[Lot (real estate)|tract]] of several [[acre]]s (in the U.S.) of a [[ranch]].
== Definitions ==
The term ''rural'' can be defined as "the comprehensive, nonspecific word referring to life on the farm or country", essentially the opposite of urban, and usually at a great distance from the nearest city center or metropolitan area. The word ''land'' is commonly known as "ground considered as property" or "the solid part of the earth's surface not covered by water".  ''Sales'' is the term used for the exchange of property for an agreed sum.  The combination of the three words ''rural land sales'' is commonly used in real estate when referring to the sale or acquisition of just land located in these rural areas, not usually classified as ''[[real property]]'', since it does not contain a home, or other type of buildings.
== Application ==
In the United States, the purchase of rural land or ''raw acreage'' is generally for investment purposes, although some buyers intend to build a home and reside there. Often without standard [[Public utility|utility]] services provided by a metropolitan municipality readily available, individuals have the responsibility to install methods of achieving a regulated standard of living. These methods, which include traditional and modern alternative methods are regulated by various legal structures to ensure their safety to the environment and neighboring residents. These may include:
* Drilled and dug wells, as well as [[groundwater]]
* Oil tanks and [[propane]]
* Disposal fields and [[septic tank]]s
* Wind and [[solar power]], as well as secondary gasoline generators
* Wood fire heating
In order for a large corporation to build an establishment, they must first be approved by the rural municipality that governs the area, which often also include town hall meetings to gain the opinion and favor or local residents for the project. Most often, these projects bring with them economic benefits invaluable to struggling rural areas whose demographics are shifting and the traditional forms of income are faltering.
In certain cases, [[grazing rights]] are assigned to neighboring ranchers, so that they may continue to utilize the property for [[livestock]] grazing. Grazing rights may be appealed by land owners and upon approval {{clarify|date=August 2020|reason=approval by whom?}} must install fencing{{clarify|date=August 2020|reason=The grazing rights must install fencing?}} along the perimeter of the property to enclose the area.
=== Land auction ===
A method of performing real estate transactions is through [[auctions]]. Most often performed in the context of tax sales held by the municipality in the intent of paying outstanding land taxes on particular pieces of property. These are published in local newspapers, and since the emergence of the [[Internet]], the visibility of rural land sales has been made accessible for public view. They have been popularized through auction [[website]]s, such as [[eBay]], that host rural land auctions.
== See also ==
* [[Real estate investing]]
* [[Land-sale overage]]
* [[Mineral rights]]
* [[Taylor Grazing Act of 1934]]
* [[Water right]]
== References ==
{{reflist}}
* Neufeldt, Victoria; Guralink, David B (1988). ''Webster's New World Dictionary'', 3rd College Edition, Prentice Hall Trade. {{ISBN|0-13-947169-3}}.
* {{Cite book|url=https://bookstore.ksre.ksu.edu/pubs/MF2798.pdf |title=Living in the Country |last1=Powell |first1=Morgan |last2=Ebert |first2=Kerri |publisher=Kansas State University |date=February 2008}}
== External links ==
*[https://waterdata.usgs.gov/nwis USGS Water Data for the Nation] [United States]
{{DEFAULTSORT:Rural Land Sales}}
[[Category:Real estate]]