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Friday, July 28, 2006

Buy Raw Land Cautiously to Avoid Raw Deals

Daily Real Estate News July 27, 2006

Buy Raw Land Cautiously to Avoid Raw Deals

Increasingly, people are buying raw land while it’s available and affordable. Are there pitfalls? In the face of rising demand, prices for undeveloped land are shooting up. Last year, farmland values rose at 11 percent, their highest year-over-year rate, according to the Agriculture Department.

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