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mountain_waif
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We sold our own farm, I had it listed with an agent for 6 months with them showing to the wrong type of people ( we dont really want a 2 story house-it was 2 story before they came to look & will be after they buy etc...) anyhow, I put together a website showing the farm, advertised the crap out of it & sold it to some nice folks. I figured what we wanted to sell the farm for before the agent listed it & they agreed to the price & I actually got full asking price for it. I did research through local real estate magazines, papers & on the internet to what a farm like ours would be valued at. I added & subtracted based on what other places similar had or didnt compared to ours. That is how real estate agents come up with suggested selling prices, by comparing other farms in your area that are selling, or have sold in the past 6 months. That is what you need to do. But if you are not going to use an agent, you need to find out what you have to do to sell your property, there are land plats you need to provide showing easements & restrictions, find out if your septic is up to selling standards, as is your water ( if on well) & then make sure that your property looks its best & all the little things are fixed to get the very best price. we had a professional inspector come in prior to listing to let us know what would show up on a inspection that buyers always have done, then we knew in advance what to expect & took the time to fix it all. That way there wasnt a buyers price leverage against the sale price but this & that needed to be fixed.
Good luck
Good luck
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mountain_waif
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kaykay
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lois i would go ahead and pay an appraiser to come out and appraise it. youll have to eventually anyway. Banks always require an appraisal to be done when the house sells.
Bluerocket
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I am not a realtor nor associated with selling realestate -- this is simply MY OPINION and is what I recall from buying and selling houses and farms.
About Appraisals --- the BUYER pays for the appraisal for their loan - not the seller - at least around here. -- and pretty much most of the time the bank appraisal will magically match or exceed the agreed upon purchase price -- never figured that one out.
If you have an appraisal done -- find out what KIND of appraisal they are doing - quik sale or what -- appraisals I had done for selling a place (because I did not know how much it was worth) came in very very low - compared to what I actually SOLD the place for.
IMO -- a good realtor can help you determine a reasonable price -- and can definitely be worth their fee --- key here is GOOD REALTOR -- You DON'T have to agree to a 6% fee - that is NEGOTIABLE
You can set a lower, firm price and sell AS IS - or set a higher price with room for negotiation.
You can check at the County office for listings of places that sold in the past calendar year -- with addresses and prices (here they publish this annually for tax raising purposes) -- and then check out the ones near you (within 25 miles) that sound like they might be vaguely the same - ie land - and developed land etc..
Good luck - selling can be a headache - and can also be a good thing.
JJay
About Appraisals --- the BUYER pays for the appraisal for their loan - not the seller - at least around here. -- and pretty much most of the time the bank appraisal will magically match or exceed the agreed upon purchase price -- never figured that one out.
If you have an appraisal done -- find out what KIND of appraisal they are doing - quik sale or what -- appraisals I had done for selling a place (because I did not know how much it was worth) came in very very low - compared to what I actually SOLD the place for.
IMO -- a good realtor can help you determine a reasonable price -- and can definitely be worth their fee --- key here is GOOD REALTOR -- You DON'T have to agree to a 6% fee - that is NEGOTIABLE
You can set a lower, firm price and sell AS IS - or set a higher price with room for negotiation.
You can check at the County office for listings of places that sold in the past calendar year -- with addresses and prices (here they publish this annually for tax raising purposes) -- and then check out the ones near you (within 25 miles) that sound like they might be vaguely the same - ie land - and developed land etc..
Good luck - selling can be a headache - and can also be a good thing.
JJay
USMCshamusmom
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your property taxes will give you a ballpark figure since they are based on the tax assessors appraisal of the value of the land.
When we had to sell our last 2 places we had 3 realtors come out and tell us how much they would list it for, why we should choose them to list it, (also what we should do to it to improve our chances of selling it quickly) and how much they would charge us to do sell it. We used the average of the 3 listings appraisals as the estimated value of the home and set the sale price accordingly. Both properties sold within a month of listing. Good luck.
When we had to sell our last 2 places we had 3 realtors come out and tell us how much they would list it for, why we should choose them to list it, (also what we should do to it to improve our chances of selling it quickly) and how much they would charge us to do sell it. We used the average of the 3 listings appraisals as the estimated value of the home and set the sale price accordingly. Both properties sold within a month of listing. Good luck.
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mountain_waif
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