Let's Talk Farmland
Today, we’re diving into a sector of commercial real estate
that might often go unnoticed or overlooked, farmland. Brokering the sale of
farmland happens to be one of my specialties. I have had the opportunity to
help many clients in the North Central Indiana region. On its face, the sale
or lease of this property type might seem simple, but often, many layers of difficulty and moving parts make up a farmland transaction.
Unfortunately, most farmland changes hands when there are
significant life changes in a person's life, namely death or divorce. Farmland
is one of the most tightly held commercial real estate assets, making these
transactions sometimes emotionally difficult, complicated, and legally complex.
One common scenario would be inheritance. Family dynamics
can add any number of complications to a real estate transaction, but let’s say
four children inherit the family farm. There
is now the potential for strong, conflicting emotions among the children, and
any challenges could arise. Should the family sell the property?
Lease the land? What if two siblings want to maintain ownership? What if one
sibling wants to buy the rest out? Even among family members, navigating difficult situations can be a huge factor in a farmland transaction.
No matter what the situation surrounding a farmland
parcel/portfolio might be, determining the land’s value is the first step if
the owner(s) is looking to sell or lease their property. After years of
experience and successfully selling and leasing farmland, I’ve become well
versed in determining an unvarnished but professional opinion of value AND proper
lease rate to ultimately reach success for the owner(s).
If you (or someone you know) is unsure of how to handle an
unforeseen circumstance or complicated situation, don’t hesitate to give me a
call. You would have an aggressive, knowledgeable real estate professional in
your corner & fighting for your best interest each step of the way.
I can be reached six days a week by call or text to
765-427-5052. Let’s talk casually, get to know each other, and discuss your
goals & objectives. I promise to only provide an honest, professional
opinion about how we could reach those goals & objectives together, I will
not hound your with incessant phone calling or emailing, I’m only here to help
YOU!
Comments
Post a Comment