Selling a property successfully requires preparation and attention to detail. We at Kirkpatrick & Co. carefully guide our clients to ensure a desirable presentation. Much is written on improving curb appeal and staging when selling residential properties. (We’ve shared our best advice, too. And also here.)
Here are a few tips we share with our farm clients as they prepare for a sale. Each piece of preparation smooths the way for a favorable transaction for all.
- Consider acquiring a survey. When a farm has not been sold recently, it can be difficult to recall exact boundaries. A professional survey can save much heartache.
- Locate copies of any easements, leases, or conservation guidelines to share. Your attorney and broker will review these carefully.
- Make sure gates are secure to prevent unauthorized visits. Require all showings to be arranged with your realtor or broker.
- Haul away old vehicles, equipment, or fuel tanks. Dilapidated accessory buildings should also be removed.
- Dispose unused chemicals, including paint, fertilizers, etc. according to your area’s guidelines.
- Take an inventory of all equipment, particularly if equipment is available for purchase or negotiation.
- Decide if your farm’s name or brand may be conveyed to the next owner.
- Make a list of employees, including their roles and salaries. This information is often shared in confidence once an agreement is reached.
- Repair or paint fences as needed. Fences are the first encounter with a farm’s condition. Crisp fencing gives an impression of care and maintenance.
- Make sure drives or paths are in good shape whether gravel, mown, paved, or dirt.
Our Kirkpatrick & Co. team can develop a customized plan for your property utilizing our vast network of resources and deep market knowledge. If you’re considering selling in 2024, now is the time for a confidential and comprehensive consultation. It would be our pleasure to help.