The Absolute Best Way to Sell Farmland
Whether your farm has been handed down by family members for generations or you have put in your own hard work on the land throughout your life to pay for it, you likely have a deep attachment to it. So deciding to sell your farmland can be a tough and emotional decision.
What can seem more confusing is that the sale of farmland is not always cut and dried. However, if you've inherited land and have never had an interest in owning or leasing farmland before, selling your family farmland will likely be your most profitable decision.
Regardless of how you decide to sell land that you've inherited, you need to know how to get the best price for the real estate.
4 Reasons You Need a Land Real Estate Agent
Selling land is different from selling a house. There are multiple property types—recreational land, farmland, rural land, ranch land, residential, commercial, or industrial development land, just to name a few—and each requires special knowledge and a unique skill set to sell for a fair price. That’s why when it’s time to sell your land, no matter what type it is, you should partner with a real estate agent experienced in selling land.
How Much Is My Land Worth? How to Value Your Farm and Prep for Sale
This is likely the first question that comes to mind when you consider selling your farm. After all, you have to know what the land is worth to decide on a sale price. But figuring out that number can be tough, especially if you have other assets such as personal property or an income stream tied to your land. There are a few different ways you can establish land value for a farm and some basic things to do to prepare your property for sale. To help streamline the process, we’ve put together this guide that walks you through the steps from finding out your land’s worth to putting it on the market.
