Determining the right selling price is a crucial step when selling your farm. Indeed, the selling price is often the determining factor in the decision of any potential buyer.
Your agricultural real estate broker can help! Unlike residential real estate, most agricultural sales are not traded on the MLS® or CENTRIS platforms. Sales are rather available on the Land Registry of Quebec, or worse, are not available at all in the case of the sale of shares! It is therefore necessary to have privileged access to the market to know all the workings!
Fair market value
The right price as to be set at the beginning, in order to sell without delay. In the face of a price that is too high, potential buyers are likely to be discouraged while those who can afford to buy your farm or land will quickly realize that they can get better value for money elsewhere.
Also, remember that a farm or land on sale for too long tends to lose value. Selling alone is a risky move. Without a thorough knowledge of the market, you could undervalue your farm and lose a considerable profit.
With this in mind, the real estate broker is the professional best placed to help you get the most out of your real estate transaction.
Establishing the right price when you sell your property is to your advantage: you will be sure to attract as many potential buyers as possible and sell your farm as quickly as possible.
How to set the right price for tools ….
Obtaining an assessment report by an accredited appraiser or a specialized may be useful! Moreover, if you plan to sell your equipment and machinery when selling your farm, it is imperative to have a detailed evaluation carried out by a professional in the field.
The value of farmland (here below) by FCC annually can also be an excellent starting tool when it comes to determining the price of your land! Keep in mind that a number of other factors must also be considered when determining the price, such as soil type, soil richness (soil analysis), thermal units, crop rotations, etc.