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Selling Your Farm - Pricing the Farm to Sell



What is the difference between list and sales prices?
The list price is how much a farm is advertised for and is usually only an estimate of what a seller would like to get for the property. The sales price is the amount a property actually sells for. It may be the same as the listing price, or higher or lower, depending on how accurately the property was originally priced and on market conditions. If you are a seller, you may need to adjust the listing price if there have been no offers within the first few months of the property's listing period.

What are the three most important factors when selling a farm?
Price, Income and condition are the three most important factors in selling a farm, even in a down market. The first step is to price your farm correctly. Use comparative sales information from your agent, or pay for a professional appraiser to objectively evaluate your farm's worth.
Second, Income: The farm needs to be able to pay for itself and have profit.
lacing the roof, in order to lure a buyer. Also, make sure that your farm is getting the exposure it deserves through open houses, broker open houses, advertising, good signage and a listing on the local multiple listing service or online listing providers. If this isn't happening, take it up with your agent or agent's broker. If you are still not satisfied you are getting the service you need, you may have to switch agents.

What is the best time to buy?
Because many buyers prefer to move in the spring or summer, the market starts to heat up as early as February. Families with children are eager to buy so they can move during summer vacation, before the new school year begins. The market slows down in late summer before picking up again briefly in the fall. November and December have traditionally been slow months, although some astute buyers look for bargains during this period

What is the difference between market value and appraised value?
The appraised value of a Farm is a certified appraiser's opinion of the worth of a Farm at a given point in time. Lenders require appraisals as part of the loan application process; Market value is what price the farm will bring at a given point in time. A comparative market analysis is an informal estimate of market value, based on sales of comparable properties, performed by a real estate agent or broker. Either an appraisal or a comparative market analysis is the most accurate way to determine what your farm is worth.

How is the price set?
Its very important to price your farm according to current market conditions. Because the real estate market is continually changing, and market fluctuations have an effect on property values its imperative to select your list price based on the most recent comparable sales in your neighborhood. A comparative market analysis provides the background data upon which to base your list-price decision. When you prepare to sell and are interviewing agents, study each agents comparable sales report (the data should be no more than three months old). If all agents agree on a price range for your farm, go with the consensus. Watch out for an agent whose opinion of value is considerably higher than the others.

GFB Georgia Farm Bureau
http://www.gfb.org/welcome.htm


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REAL ESTATE
Poultry Farms for Sale in Georgia

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(SOUTH CAROLINA)

Alto,Athens,Atlanta Homer,Hoschton,Hull lla,Maysville,Lula Danielsville,Colbert,Comer, Bogart,Braselton,Buford Royston,Statham,Talmo Jefferson,Lavonia Watkinsville,Hartwell Winder,Ila,Winterville Cornelia,Flowery Branch

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