Ask Your Question. Experts Answer You ASAP.

communication tower
Sent to General Experts August 19 09:00 AM

I am an Iowa farmer w/ property located near a town w/ population of 10K. I have been approached to sell a few acres to put up a tower for some sort of communications. There is fiber optic cable available & this may be of value to their project. What questions should I ask and how do you determine the value. would it be best to lease vs sell?

 

Customer (name blocked for privacy)
Status:  Closed   Value: $15
Answer
August 19 9:49 AM (48 minutes and 41 seconds later)
         
ACCEPTEDCheck Mark
Hello Customer (name blocked for privacy) and welcome to JustAnswer!

If you know the value of your land it is really not too difficult to determine whether to sell or lease. Say your land is valued at $5,000/acre and they want to buy 2 acres, all you get is $10,000 and that's it. On the other hand, say they offer $500/month. With monthly lease you will make $6,000 every year depending on the contract which is at least 10 years and that means you get $60,000 or higher!

So my suggestion is leasing is always better in the rural area (as long as you don't have an emergency and need money now) but you will have to nagotiate the right price. Usually monthly leases depending on the area and size of the land is between $750 and $1500.

If you want to read some Question/Answers and real life examples go here:
http://www.privateline.com/Cellbasics/leasinginfo.htm

If you want a proffesional to help you with nagotiating and the other procedures you may check this:
http://www.steelintheair.com/index.html

Hope this helps and let me know if I can help further.

Have a great day!

I get paid only after you click ACCEPT If you like my answer please click ACCEPT and also leave a FEEDBACK and I will do the same for you. If you see fit I would appreciate a small BONUS too :)
Picture
tex-eng -- Engineer100% Positive Feedback on 371 General Accepts
Engineer, very good math skills, problem solver and researcher
Think you can answer this question?
Login or Become an Expert

Related Answers

 

DISCLAIMER: You acknowledge that any information you may obtain from individuals you contact through use of the JustAnswer service comes from those individuals, not from JustAnswer, and that JustAnswer is not in any way responsible for any of the information these third parties may supply. The site and services are provided "as is" with no warranty and no representations are made regarding the qualification of an Expert. Responses and comments on JustAnswer are for general information and are not intended to substitute for informed professional advice (such as medical, legal, investment or accounting) and do not establish a professional-client relationship. JustAnswer is not intended or designed to address EMERGENCY QUESTIONS which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service.

JustAnswer > General