Blog

Another Successful Sale - Yoes Ranch Multi-Parcel Auction

Nov 2, 2016

Eight bidders posted high bids during roughly two hours and 15 minutes of live bidding.  When the gavel dropped, a single bidder prevailed with a sales price of $1,921,700 or roughly $804 per acre.  Congratulations to the successful bidder and to our seller on a great result. Read more »

What can I expect at a Legacy auction?

Oct 27, 2016

Whether you’re planning on participating in an upcoming Legacy auction or simply interested in what the market looks like for a property or how the process works, there are some important points to understand before the auction gets underway. First and foremost, the job of the entire team at Legacy Land Auctions is to get the highest possible contract price for our sellers while conducting a smooth event with transparency for all bidders. Read more »

Announcing the Yoes Ranch Multi-Parcel Auction

Sep 16, 2016

Join us Tuesday, November 1, 2016 at 6:00 p.m. at the Devil’s Rope Museum in McLean, Texas as we offer ±2,390 acres of prime eastern Panhandle property in Gray, County Texas in 8 tracts.

How do I participate in a Legacy auction?

Sep 9, 2016

You’ve looked over the auction materials and conducted your own site visit and inspection for an upcoming Legacy auction.  You’ve considered your budget and arranged for your financing, and you’re ready to buy.  Now what?  We’ve got some great news for you - participating in a Legacy Land Auctions event is easy!

What is a buyer's premium?

Sep 5, 2016

If you’ve been studying any materials related to an upcoming Legacy auction, you’ve likely noticed that there is an advertised buyer’s premium.  But what exactly is a buyer’s premium, and how does it impact you as a bidder?

The buyer’s premium is used to cover auction expenses.  Typically 10% at a Legacy auction, the buyer’s premium is added to the bid price to calculate a final contract value.

Rockland Ranch Multi-Parcel Auction Announcment

Aug 9, 2016

The team at Legacy Land Auctions is excited to announce our next property auction – and just in time for deer and quail season. On Thursday, September 15, 2016 at 2:00 p.m., please join us at the Amarillo Country Club for the Rockland Ranch Multi-Parcel Auction.

Roughly 1,490 acres of prime Texas Panhandle ranchland will be auctioned off in nine individual tracts. Tracts range in size from ±99 to ±215 acres each. Bid on one, bid on a few, or bid on them all, but don’t let this opportunity pass you by.

So we’re going to do an auction – now what?

Aug 2, 2016

From the moment your conversation with Legacy Land Auctions begins, we’re researching your property, strategically considering the best way to market it with your priority goals in mind. On the day you sign up to sell with us, we hit the ground running, gathering all of the necessary property details a potential buyer could need.

Due Diligence that Makes a Difference

Jul 13, 2016

When you’re looking for a trusted method to sell your property quickly and with a defined closing date, an auction is often the perfect choice for you.  But it’s important that you not compromise the highest market value on your property for the sake of a smooth, contingency-free closing.  That’s why it is imperative you partner with a company committed to not only preparing your property to market but also to a top-to-bottom due diligence gathering process.

We Know the Market, and the Market Knows Us!

Jul 5, 2016

When the time comes to sell your premium agricultural property, experience matters! The Legacy Land Auctions team has more than 100 years of combined professional experience in a variety of aspects of farming, ranching, and cattle feeding. Our company was founded by JT Haynes, Mark Shaw, and Charlie Sellers to fill the need for an expedited sales option coupled with a premium marketing approach crafted to be as unique as these properties themselves.

Legacy Land Auctions Completes Another Successful Auction

May 23, 2016

On April 21, 2016, a standing-room only crowd was on-hand for the HEC Feedyard, Farm, Calf Ranch & Grow Yard Auction. Legacy Land Auctions offered more than 2,159 acres in two counties for sale in seven individual tracts. Twenty-two qualified, registered bidders attended, with eight bidders posting a high bid during the course of the auction.

The Multi-Parcel Auction Process with Legacy Land Auctions

Feb 18, 2016

Multi-parcel (multi-par) auctions divide properties into multiple tracts, expanding the number of purchasing options. As a bidder, you should arrive on auction day with full knowledge of the property and ready to buy. And with the multi-par process, you can buy on your terms. Bid on one tract, bid on a few, or bid on them all!

We want you to feel comfortable with the auction process and are always available to answer any questions you may have.  A multi-parcel auction does not move quite like a traditional auction in which you may have participated.  But once you understand the mechanics of the process, there is no other way to buy property that puts a bidder in the driver’s seat quite like a multi-parcel auction.

Highway Bill Restores Federal Crop Insurance Funding

Dec 7, 2015

In late October, Congress approved the Bipartisan Budget Act of 2015.  Included in this federal budget bill was atroubling provision that would strip $3 Billion from the Federal Crop InsuranceProgram.  With assurances from leaders in the House and Senate that the issue would be resolved at a later time, producers across the country made preparations for winter without the confidence that a central risk management tool would be available to them moving forward. 

On Thursday, December 3, 2015 a federal transportation bill cleared Congress that rolls back this provision, restoring funding to the Federal Crop Insurance Corporation.

The good news is out - Auctions are a great way to market premium properties

Sep 30, 2015

Legacy Land Auctions Conducts Successful Auction

Sep 18, 2015

Walter Lasley & Sons, Inc. Property Sold

“It was our privilege to work with the entire Lasley Family on the sale of this historic property.  We worked to bring the market to the auction, and we are pleased with the final results.  As this auction demonstrates, a real-estate auction is an increasingly effective tool to help premium properties realize their highest market potential,” said J.T. Haynes, managing partner of Legacy Land Auctions.  “We thank everyone who helped to make this auction an overwhelming success.”

Snack Pak 4 Kids Golf Tournament

Sep 10, 2014

Legacy Land Auctions is an avid supporter of Snack Pak 4 Kids Canyon, a program of the non-profit organization Canyon Hope Ministries.   This program provides a bag of snacks each weekend of the school year to students in elementary, intermediate, and junior high at Canyon ISD. The Snack Paks consist of fruit, juice boxes, cereal, pop tarts, peanut butter crackers, pretzels... Read more »