Thoughts on Interest Rates and Land Sales

by Stephen Donnell, SR VP Lending, Plains Land Bank, Amarillo, TX Interest rates have been about as volatile as the commodity markets in recent months. Our long term interest rates have moved up and down over three-tenths of a percent since March. Some months, it appears the Fed’s increase in short term rates is pushing long term rates higher, only to see those rates fall back the next month. Very hard to predict. We have had a number of customers recently locking in some long term money to hedge against rising interest rates. That appears to be a sound strategy, especially …

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Never Buy Land Without an ALC

Never Buy Land Without an ALC…. 4 reasons from an article on Land.com written by Luke Worrell, ALC This article outlines 4 of the reasons you should never buy land without an ALC (Accredited Land Consultant)…..Trust….Skill….Knowledge…Connections. “When it comes to selling land, I am absolutely convinced that ALCs are the best in the business.  For starters, you can only become a designated ALC after you have proven yourself in the field.” Read the entire article here.

New Logo…New Location

New Logo…New Location They call us “movers and shakers” in the Land Business. Now we really are moving. Clift Land Brokers and Clift Land Auctions are moving to our new location in the Wells Fargo Bank Building at 905 S. Fillmore St., Suite 102 in downtown Amarillo. We are excited about relocating to this great location in the heart of Amarillo’s business and economic activity.  We are also sporting a new logo for Clift Land Brokers. The address and logo are all that are changing.  Our focus remains the same.  We still specialize in farm and ranch real estate, and …

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