North Carolina Timber Sale Contract North Carolina Form
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People also ask
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What is a timber contract?
A typical timber sale contract usually contains the following: a description of the timber to be sold (estimated volume, number of trees and species), which timber will and will not be cut, the selling price (either lump sum or unit price), terms of payment, the location and boundaries of the sale, and time allowed to ...
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What makes a deed void in NC?
"A deed seeking to convey an interest in land "is void unless it contains a description of the land sufficient to identify it or refers to something extrinsic by which land may be identified with certainty." Overton v. Boyce, 289 N.C. 291, 293, 221 S.E.2d 347, 348 (1976).
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What is a timber deed in NC?
A Timber Deed is a mechanism used to convey (sell and / or transfer) natural resources tied to a property without selling the property itself. In essence a timber deed is a contract to transfer the land's assets (trees).
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What is timber bidding?
Sealed Bids High quality, easy to measure timber typically receives a higher price with the sealed-bid method. Here, timber value is established when prospective timber buyers submit sealed written offers to be opened at a specified time and place. Each bidder is allowed to make only one bid.
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Do you need a lawyer to transfer a deed in NC?
North Carolina law allows you to prepare a Deed of Conveyance for any real property to which you have legal title. However, the conveyance of real property is a legal matter that should be given under and with the advise of legal counsel.
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How to make money from timber on your land?
You can sell through an “oral auction” where several buyers attend and verbally bid on the trees, or you can request “sealed bids” that allow you to compare several different offers on sale day. In the sealed bid method, buyers get a period of time (usually 4-6 weeks) to inspect the timber and mail you written bids.
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What is timber sale?
The term "timber sale" is used to refer to any signNow harvest of wood products involving an exchange of monies. Timber sales may involve sales of trees used to make lumber (sawtimber), fuelwood, whole tree chips, pulp, or any combination of these products.
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Is selling timber worth it?
Trees are a valuable product; some woods can be worth several thousands of dollars per acre and if managed properly can earn you hundreds of dollars per acre per year.
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