AcreValue's Owner Presence Search feature allows users to identify parcels where the owner resides out of state. This powerful tool is ideal for individuals interested in purchasing or leasing land, including farmers, realtors, energy companies, and investors. By enabling the search and filtering of properties owned by absentee owners, AcreValue makes it easier to find potential opportunities in the real estate market.
What is the Owner Presence Filter?
The Owner Presence Search feature is designed to enhance the property search experience on AcreValue by highlighting parcels owned by individuals living in a different state. This feature allows users to search for parcels or recent sales and apply filters specifically for absentee owners.
What are Absentee Owners?
Absentee owners are defined as individuals who own property in one state but reside in another. These owners may be more inclined to sell or lease their property, providing unique opportunities for buyers and lessees.
Identifying Absentee Owner Parcels
On AcreValue, parcels identified as absentee owner properties are clearly marked. Users can view these parcels on the map, alongside other property details. This visual representation helps users quickly identify potential opportunities.
Examples
- A parcel in Texas owned by a resident of California.
- A recently sold absentee-owned farm in Iowa.
- A 100-acre absentee-owned property suitable for solar energy projects.
How does the Owner Presence Filter work?
Select which type of owner you would like to target:
- Out-of-state: In the context of AcreValue's Absentee Owner Search, "out-of-state" refers to property owners who reside in a different state from where their parcel of land is located. These owners might have inherited the land, purchased it as an investment, or moved away, and are often more inclined to sell or lease their property due to the challenges of managing it from afar. This makes out-of-state properties prime opportunities for buyers and lessees.
- In-state: Conversely, "in-state" refers to property owners who live within the same state as the parcel they own. These owners are typically more familiar with the local area and more involved in the management of their property. In-state properties might be less likely to be available for sale or lease compared to out-of-state properties, as the owners are often more invested in their land's use and maintenance.
Combining the New Feature with Other Property Search Parameters
The Owner Presence Search feature can be combined with other search parameters to refine results:
- Land Use: Filter absentee owner properties by their current use.
- Property Size: Search for absentee-owned parcels within a specific acreage range.
- Recent Sales: Identify recently sold absentee-owned properties.
- Geographic Location: Combine state, county, or specific coordinates with the absentee owner filter.
Example Combination
A user can search for absentee-owned agricultural land over 50 acres in Illinois, narrowing down potential opportunities for farming expansion.
How Specific User Types Can Use the Feature
Farmers
Farmers can use the Owner Presence Search to find additional land to expand their farming operations, especially targeting owners who may be more willing to sell or lease their property.
Realtors
Realtors can identify absentee-owned properties to present new listings to clients or find potential sellers who might be interested in putting their land on the market.
Energy Companies
Energy companies looking for land for renewable energy projects can use this feature to locate parcels where owners may be less attached to their property and more open to leasing or selling for energy development.
Investors
Investors seeking to diversify their portfolio with land investments can use the absentee owner filter to find parcels that might offer more flexible purchasing options.
How to Access the Feature
Accessing the Owner Presence Search feature on AcreValue is straightforward:
- Log in to AcreValue: Ensure you are logged into your AcreValue account.
- Navigate to the Search Page: Go to the property search section of the website.
- Apply Filters: Use the filter options to select "Owner Presence" under the ownership category.
- Combine with Other Parameters: Add any additional search parameters to refine your results.
- View Results: Browse the map and property listings to identify absentee-owned parcels that meet your criteria.
By leveraging the Owner Presence Search feature, users can uncover unique opportunities in the real estate market, making it easier to find properties that align with their specific needs and goals.