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InThisIssueFall2013Issue2-Volume3AQuarterlyInsightintoRecreationalRealEstateCoverstorycontinuedonpage4Continuedonpage2PAGE1Ifyourethinkingosomedayhavingacabinonyourrecreationalpropertythetimetostartthinkingaboutitisbeoreyoubuytheland.ThisissomethingthebrokersinthePotlatchPreerredBrokerNetworktalkaboutwithbuyersallthetime.Insomecasesthebuyermaywanttolookorpropertythatalreadyhasastructureonitinothercasestheyjustwanttohavetheoptionortheuture.ThereareanumberoquestionstobeanswerediyouthinkyouwantmorethansimplyhavingopenspacetohuntonsaidCharlieChernakoBearIslandLandCo.inMinnesota.Chernakscompanysellsavarietyorecreationalpropertiessometimeswithstructuressometimeswithout.ThisallBearIslandisoeringanew12x16huntingcabinononeoitslistedproperties.Thecabinhasroomorsixbunksandawoodstoveperectorhunters.OtherPotlatchPreerredBrokersalsohaverelationshipsthatcanhelpingettingastructurebuilt.NatalieCowartoBanningJunctionRealEstateinMinnesotaJ.D.NeeleyoNeeleyForestryServiceinArkansasandRickMusickoMusickSonsinIdahoareeachafliatedwiththeUnitedCountryrealestategroupwhichworkswithRockyBuildingonyourpropertystartswiththerightquestions.BuildingonyourpropertystartswiththerightquestionsStatebyStateUpdatesQAwithRickMusickMusickSonsBrokerSpotlightBearIslandLandCo.DirectoryofPotlatchPreferredBrokersRickMusickQAQAIsthereamisperceptionaboutwhattypeoflandistypicallysoldatauctionSometimesyes.Whenyouseethewordsoreclosurelandauctioninthenewsitusuallymeansabankortitlecompanyislistingthepropertytoclearallinterestinitsothelendercansellit.Butnotalllandauctionsareoreclosedordistressedproperty.Thatsthemisperception.Thepurposeoalandauctionistomarketthepropertytoasmanypeopleaspossibleandgenerateexcitement.Theselleroersthepropertyabuyerstepsupwiththehighestpriceandweacceptthepriceorurthernegotiateit.Wereertothisasanacceleratedmarketingcampaign.Moreandmoreauctionsarebecomingcommonasawaytosellnon-distressedproperties.IstheremorethanonetypeoflandauctionTherearedierenttypesolandauctions.Inanabsoluteauctionthepropertyissoldtothehighestqualifedbidderwithnolimitingconditionsorminimumsaleamount.Thepropertyistypicallysoldorcashandchangeshandsonthesameday.ThentheresanownerconfrmationauctionwheretheauctioneertakesthehighestbidandpresentsittothesellerorconsiderationbutUnitedCountryMusickSonsAuction