Answer True (T) or False (F)
1. When buying a woodlot consider whether you want a short term or a long term investment.
a) True b) False
2. Real estate agencies are the only source for finding woodlots for sale.
a) True b) False 4. Reviewing management plans, aerial photographs, topographic maps, contacting Land Information Centres, and consulting with forestry professionals are some of the ways to discover what features are on a property.
a) True b) False 5. Long term and short term investment goals are incompatible on all woodlots.
6. Bare land value refers to the total value of land when all assets including timber, recreational, mineral, access and frontage values have been considered.
7. A right-of-way agreement is something that should be dealt with before transfer of title.
a) True b) False 8. The preferred way to transfer property is by Warranty Deed.
a) True b) False 9. A Certificate of Title will allow you to gain access to your woodlot through an adjacent property.
a) True b) False 10. Christmas trees, stumpage, and hunting leases are some examples of sources of income that can be generated through a woodlot investment.
11. Three values that should be considered when deciding what a woodlot is worth are_____,_____ and _____