Giving up ownership of your farm can be stressful, making you question whether or not you wanted to do this in the first place. Farms, to many people, are generational assets that have been passed down for years. When it comes time to relieve ownership, you want to make sure you maximize your return and earn money for your troubles.
Top Tips for selling your farm
When looking to sell land, you need to follow certain steps to ensure you will get the best price possible for your property.
Decide on the right price
To make a quick sale on your property that is lucrative to your and your family, price your farm reasonably – this means no more than 10% over market price. By allowing the potential buyer to have time to see your farm, inspect the land, and make the right decision, you can ensure your farm will sell quickly to the right person.
Make the place look nice
Although a farm will get dirty and disorganized, make your farm look nice when you go to sell land. By presenting a ‘market ready’ property, you can make sure buyers are more likely to put down a bid for your farm. When trying to sell land, do the basics – mow the garden, clean up the trails, and fix any broken items.
Divide the property
If you have multiple acres of land, consider dividing the tract into smaller sections to raise the price when trying to sell land, visit the site to do it easier.
Survey the land
When trying to sell land or buy a farm, you should have the property surveyed to make potential buyers feel secure with the visual property lines and foster a trusting relationship with your neighbors.
Decide whether to auction or list your farm
When you go to sell land, the next step is to decide if you want to sell via auction or listing. When selling land, not all farms benefit from the same approach. Certain types of land could be better suited for an auction, whereas others could be better listed via online platforms like those in high demand. Analyze the size and location of the land before choosing your marketing strategy.
Be tech-friendly
Even if you are not a tech-savvy individual, using technology to sell land is a foolproof way to get more viewers. Let technology, like drones, show the entire property, provide information about land divisions, and help potential buyers visualize ownership lines.
Call a professional
If you are considering selling your land, get in touch with a local agent in your area who knows the prices of property, the buyers market, and the trends in your county and state. Figuring out how to sell land is a long-term and complicated process – having a professional can relieve some of the stress.
Conclusion
As a homeowner, landowner, or farmer, it comes a time in everyone’s life to decide whether to keep or sell land. If you want to downsize or move, learning how to sell your land to make the most money in return is crucial to have a high return on investment. Following our tips, like deciding the right price, using professionals, surveying the land, and cleaning up your farm, you can sell your land hassle-free.