Selling your farmland is a big deal. It’s a sizeable investment and involves many decisions, some of which can be tricky. How do you know if the price is right? What are some things to consider when dividing up your land? Should you bring in a professional to help with marketing? Here are some things to think about before selling your farm.
Selling Farmland: Key Steps to Maximize Your Rural Property’s Value
Get the Price RIGHT!
The first step in selling your farmland is to figure out how much you should sell it for. While that’s a good idea, it’s important to remember that getting the price right will only take you so far. If your asking price and negotiation strategies are too aggressive or too conservative, buyers may simply walk away from the table.
As a general rule of thumb, list at least a reasonable amount when setting an asking price for your property. Consider what other similar land is selling for in your area, its value, and how much demand there is for such properties locally.
Think about what kind of return on investment potential buyers would have in their future if they acquired your farmland—this can help them determine whether they want to make an offer on it!
Make the Place Presentable – Tidy Up
Before selling your farm, you must ensure it’s clean and tidy. If your place is a mess, buyers won’t want to spend money on it because they will see it as an investment risk. You don’t want someone making a bid and then pulling out because they’re not impressed with how things look at first glance!
Clear the Driveway & Parking Area if Needed
To get the most for your land, have clear access points so people can easily drive onto the property and park in front of where they want to go.
Consider Dividing the Property
You can divide the property into two or more separate lots and sell them separately. This option works well if you have several acres that aren’t being used for farming purposes and are located close to a large city or town.
Get a Survey
Get a survey done. You can get one through your county or hire a professional to do it for you. Either way, the most important thing is to ensure that all your property lines are clearly marked and accurately mapped out on paper.
Technology of Marketing
The internet has transformed the way people sell land. LandLeader ensures you have the marketing horsepower to succeed in a competitive national market. We identify your target audience, develop an effective marketing strategy and implement it across all digital platforms.
LandLeader keeps major marketing campaign costs low through economies of scale while handling the technical details so that you don’t have to.
Bring in the Professional
If you want to get the most money for your land, working with professionals with experience selling farmland is best. They know how to price the property, market it, and get the best price.
These tips will help you to sell your farmland quickly. Now that you know what to do, it’s time to start working on your property to list it for sale and get the best price possible.
The LandLeader® marketing platform currently promotes the best and most exclusive farm, ranch, and recreational properties.