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  • Hansen - Do You Need Land Brokers To Buy Land In The Metaverse- 1
  • Hansen - Do You Need Land Brokers To Buy Land In The Metaverse- cover
  • Hansen - Do You Need Land Brokers To Buy Land In The Metaverse- 2
  • Hansen Land - Buying Land In The Metaverse - Cover

Do You Need Land Brokers To Buy Land In The Metaverse?

By in Investment Opportunities with 0 Comments

Virtual reality real estate is now one of the most in-demand assets available. According to studies, virtual land sales in 2021 topped $500 million. To add to that, around $85 million worth of virtual property was sold in January 2022 alone!  It's projected that real estate sales in the Metaverse will reach nearly $1 billion by 2022, making it an exciting asset class for investors worldwide.  The question now is:  Do you still need the services of a land broker to acquire property in the Metaverse? Let's find out. But first, let's learn a little bit more about what the Metaverse is. What Is The Metaverse? In it’s most basic form for a beginner learner, the Metaverse is a three-dimensional, interactive digital platform where users can engage in a very realistic and natural way with one another, digital objects, and AI-powered avatars. Users can navigate between virtual worlds, and multiple platforms can cohabit in one ecosystem, allowing virtual games and collaborative spaces to operate on one platform. The Metaverse is likewise democratized, with no single entity, person, or body controlling it. Anyone can invest in it and harness the available space, technologies, and settings to their advantage. The Metaverse relies on innovations like virtual, augmented, and mixed reality (VR/AR/MR) and blockchain, artificial intelligence (AI), 5G, and cloud computing to realize these functionalities. Buying Land In The Metaverse The Metaverse can become a virtual duplicate of our actual world, where Metaverse users can commercialize goods and services and earn money through virtual settings. Buying land in the Metaverse, where purchasers or renters can create monetized properties, is a popular method. Virtual "parcels," which are blocks of 3D space where programmers can overlay elements, design VR environments, create experiences, build interactions, and so on, are individual Metaverse real estate plots. A Metaverse's democratized governing body will typically select how new parcels are generated, allocated, and made available for investment to property investors. The Sandbox, Decentraland, Crypto Voxels, and Somnium are the four Metaverse marketplaces where most virtual land is sold these days. The parcel exists as a non-fungible token, or NFT, a blockchain-based non-transferable asset type. The buyer will "own" complete rights to the land once ownership of the NFT is passed to them. And just like in real life, they will be able to resell it, develop virtual property on it, lease it out, and so on. Do You Need A Land Broker To Buy Land In The Metaverse? According to Miguel Kiguel, the founder of The Metaverse Group—a real estate company that facilitates transactions involving virtual real estate—he doesn't see the need for real estate agents or land brokers if you want to buy property in the Metaverse, however, just like the real world, a land broker may be able to identify positives and negatives that the average investor could miss. As the Metaverse world develops and more assets emerge, the services of a digital land broker will become more valuable. This is because land brokers can be well-versed with the virtual community and can guide interested parties through the steps of the acquisition process. Whether or not we like it, it seems that virtual land sales are here to stay “I do think there is going to be a level of expertise developed but it’s going to be a different skill set than the types of brokers available in real estate today,” said Kiguel in an article on Storeys.com. That’s not to say that a real world broker cannot transition into the virtual world. As we approach new technologies, it will undoubtedly introduce new opportunities to real world brokers in the virtual world. How To Buy Land In The Metaverse? Purchasing land in the Metaverse is not as simple as buying land on the internet. It's crucial to do your due diligence, as with any other investment, and be sure that the marketplace you're buying from is credible and has a good reputation. Virtual land sales will equate to over 1 billion dollars by the end of 2022, so just how do you buy land in the metaverse if you are interested? There are two ways in which you can buy land in the Metaverse: Using A Platform's Direct Marketplace Every metaverse platform that sells real estate has a marketplace where you may make a purchase. They differ in configuration from one platform to the other. Still, they all contain information such as the parcel's exact location on the Metaverse's map, and the asking prices of available properties. They also offer a notion of where that property is concerning business districts, popular sites, roads, virtual mass transit, and other points of interest. The description will also list any changes made to the property. You'll get a great deal of information about the property's geography and possible application based on what's around if you use the platform's marketplace. Using A Third-Party Marketplace You can acquire metaverse real estate on a couple of major third-party marketplaces. OpenSea and Non-Fungible.com are perhaps the most popular ones. Both allow you to view past property sales and properties that are now for sale. Both sites also have numerous metaverse platforms listed at any given moment, allowing you to purchase from different platforms or use the data these sites provide to filter your options. The most significant benefit of using a third-party marketplace is all of the data you have access to. When you have access to a property's whole transaction history and that of its neighbors, you can determine whether the virtual land is worth what the seller is demanding. But keep in mind that no two virtual real estate plots are the same. Therefore the pricing will always vary. The Future Awaits But Should You Jump Right In? There are weaknesses in the system, so the digital world isn't all glamour. As a result, before you invest, you should be aware of the numerous downsides. The following are some of the flaws you may encounter when dealing with land in the Metaverse:

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Hansen Land - Crop Planning in Tough Times - Cover

Crop Planning in Tough Times

By in Alberta with 0 Comments

“There’s always next year.” It’s a mantra you’ll hear in every small-town coffee shop or gathering place around the world. Farmers are eternal optimists.  They must be.  How else do you spend money you likely have to borrow, to put a crop in the ground and then just wait, hope and pray that Mother Nature isn’t off her meds this year??  There’s no other industry, that I’m aware of, that is so full of perils, all of them leading to a level of personal and financial risk that is unimaginable in other business models.  Nothing is guaranteed. Not the sun, the rain, the lack of hail-packed thunderheads in July & August, or the price of the commodity they’re trying to grow and sell. The current hot topic is the price of inputs. Fertilizer prices are at the forefront of conversations with almost every farmer or rancher.   Pesticides are taking a back seat for now, but as more guys begin talking with their retailer to plan for the coming year, they are going to be suffering from some sticker shock.  Not to mention that many products are expected to be in short supply due to production problems caused by staffing issues and access to active ingredients from overseas. The instinctive thing to do in these situations is to spend less.  That’s just human nature.  We have a setback, and we are reluctant to stick our necks out quite so far, the next time.  The problem with spending less, and thereby putting less into our crops, is that we are immediately putting limits on what we can earn at the end of the crop cycle.  Fertilizer is often the first thing to be scrutinized as the results or effects of it can be somewhat intangible.  By intangible I mean, do you know for sure that those 5 extra lbs of nitrogen (N) resulted in increased yield, or higher protein? Did the 10 lbs of phosphate (P) result in better pea nodulation? And then there’s the fact that, for any of that to be any good at all, it still needs to rain. According to Wikipedia: “Liebig's law of the minimum … is a principle developed in agricultural science by Carl Sprengel (1840) and later popularized by Justus von Liebig. It states that growth is dictated not by total resources available, but by the scarcest resource (limiting factor).”  Basically, if you’re short on one ingredient, none of the other things available will be used.  That will always result in lost yield and lost revenue. The solution?  Well, I’m not sure that there’s an easy answer, but I can suggest one way to make sure that you’re not spending money you don’t need to, and that’s a soil test.  Once you KNOW what’s in your soil (as opposed to guessing) you can then make an educated decision as to where your fertilizer budget is best spent. Soil tests can be arranged through many retailers and independent agronomists and are MUCH cheaper than buying fertilizer you may not need this year. With a very basic test starting at about $40 and more complex tests or multiple soil depths going up to $300+, that’s still an affordable investment.  Keep in mind that soil testing isn’t perfect, but it is SO much better than a guess. With poor rainfall across most of the prairies last year, and pockets that haven’t seen adequate rain in several years, expectations are that there should be a lot of nitrogen still left in the soil.  After all, there wasn’t a big crop to use it all up, and there wasn’t enough rain to leach it out of the top of the soil profile, right? Maybe.  Then again, maybe not.  There are a number of factors that can influence nitrogen levels and plant uptake, straw decomposition, soil mycorrhiza, leaching, and volatilization are just the tip of the iceberg.  Be sure to make arrangements for soil samples to be taken long before spring arrives.  Samples are best done in cool soils and you need to be ready to start seeding once it does warm up. Don’t wait! Once you get your soil tests back, sit down with your agronomist and make a plan.  This plan will start with how many bushels of yield you’d LIKE to get and knowing how many bushels you NEED to get.  Bills come due regardless of rainfall, so make sure you’re aware of what your farm needs, financially, to be sustainable and solvent for next year. Setting yield goals and knowing that your crop fertility plan can meet those goals is the first step. Once you know what the goals are, and what’s in your soil, then you can plan for the fertilizer blend(s) that you may need.  Be prepared to adjust fertilizer blends by crop type at the very least, and possibly by field, if really necessary.  A blanket formulation from one end of your farm to the other is rarely the best course of action and the days of 34-17-0 being the answer are long gone. There’s almost no end to the number of factors you could consider but start small and work your way up.  Keep in mind that fertilizer placement, timing of application and seed bed utilization can also make significant differences in how effective your fertilizer dollars are used.  There are lots of good resources out there to help you focus on the right part of these equations. Alberta Agriculture has a very good resource document that can help you figure out exactly how much fertilizer you need - Alberta Fertilizer Guide Saskatchewan Agriculture has a whole page of topics with each macro nutrient (N, P, K, S) being addressed separately, in addition to lots of other soil and fertility issues - Soils, Fertility and Nutrients At the end of the day, no single plan, blend or formula will work for everyone.  Invest a little money in testing so you have an idea of where you’re starting, instead of guessing, and adjust

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  • Hansen Land Brokers - Factors to consider before putting up your land for sale - Cover
  • Hansen Land Brokers - Factors to consider before putting up your land for sale - 1
  • Hansen Land Brokers - Factors to consider before putting up your land for sale - Cover

Factors To Consider Before Putting Up Your Alberta Land For Sale

By in Alberta with 0 Comments

Owning a piece of property can be an exciting experience for any person or family. But as life goes on and changes happen, there may come a time where it becomes necessary or advantageous to sell your land that has been passed down through generations. Whether you decide now is not the right time for you or whether your mind has already made up its decision, it’s important to consider the many factors that may be involved. Though selling your land is technically much simpler than selling a home, there are still quite a few things you need to consider before going through with it. It’s an investment of time and money, but one that can benefit you in many ways if done correctly. Read on to find out more about the factors you should consider before putting up your Alberta land for sale.   Determine The Cost Of Selling The Piece Of Land Before even taking the first step, make sure that you determine both the cost of selling your property as well as any hidden fees that come with it. There are certain expenses and costs associated with land sales that most people don’t realize until they’re deep in the midst of it. These include the attorney’s fees, surveyors, and real estate/land broker agents who work with you to sell your land. If possible, try to contact friends or family members who have gone through the same thing before so that they can give you more insight into what it entails. If this isn’t an option, you can always look online for information from people in similar situations. Know The Distances And Areas The amount of land that you own typically determines its overall price in most cases. Therefore, the next step is to calculate how much your piece of property is worth if everything were put into a certain measurement. You will need this number in the latter steps, so make sure to have it handy. As far as what measurements you should use, there are a few that you can do depending on your situation. The size of an acre is one example since this number may be more familiar to most people who live in rural areas or ranches. You can also decide to measure land in square feet which is more accurate for homes, depending on the area you live in. Know Your Zoning Laws If you are selling land that is zoned for particular purposes like building houses, agriculture, etc., it’s important to remember and consider what zoning laws there are so that you don’t break any laws or cause conflicts in the sale of your property. Make sure that you know what laws there are and how they apply to your land before beginning the selling process. Prepare Your Land For Sale The next step should be to prepare your land for sale so that it looks its best when potential buyers come to view it. This may include removing messy trees and bushes so that certain aspects can stand out more or can include simple maintenance things like making sure your lawn has been recently cut by professionals. Some land broker agents may also recommend putting in gravel or concrete to make it look like there is already a road, which is a smart idea if you don’t have one already.   Gather Financing If Applicable Although some of these larger land transactions are done in cash, for the ones that require financing, it is best to ensure you have secured financing. This is very important because once an offer has been made and accepted, the money for the purchase will be held by the brokerage and a lawyer would handle the transfer of funds. Therefore, you should do your best to make sure that your finances are in order before proceeding with any offers as sometimes there may be a penalty fee for falsely making an offer. Know Your History One of the final steps you should consider before selling your land is knowing the history of your land. This includes any zoning laws or restrictions that may have been put on it when they were originally built as well as a list of all owners who have owned the property in the past. This could also include more unique credentials in regards to the history of the land itself and its use.  If you can remember who has owned the land and what they did with it in the past, you may be able to have a better idea of its true value as well as how likely it is that someone will actually want to buy it in the future. This step can help prove that the land you own hasn’t been used for harmful purposes or anything else that can cause buyers to rethink their interests once they learn about it. Are You Considering Placing Up Your Alberta Land For Sale?  Selling your land is a big decision, and there are many factors to consider before you make the leap. Are you looking for advice on how to sell your land in Alberta? Hansen Land Brokers would love to chat with you about what it takes to make this process easier. We have nearly 30 years of experience selling land in Alberta and we specialize in helping our customers get top dollar when they’re ready to sell their land!  Visit our website or contact us today at 1 (587) 802-3522 if you need help planning out your next steps!

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