Hobby farm for sale kentucky professional#

And is summer really the best time for a farmer to move? But the timing of a farm sale in a hot real estate market is less essential than in a dull market. You may have heard that the best time to sell a home is during the summer, while school is out. In central Kentucky right now, a reasonably priced small farm will generally be under contract in less than 30 days,” says Housman, who also holds a green designation from the National Association of Realtors. With your approval and the click of a few buttons, they upload your property onto their brokerage’s website and affiliate websites.įrom here, your real estate agent may use social media, their own marketing tools and networking to spread the word about your property. Your real estate agent will order photography and write a catchy description of your property. Most of this, however, can be done virtually. When you sell your farm, it is a paperwork-heavy proposition. “Once the seller is comfortable with the marketing plan, initial asking price and any listing-contract specifics, we sign all the required documentation, including the listing agreement and a property disclosure form,” Elliott says. Is there something unique about your farm? Are you listing for sale by owner? An appraiser can help determine an asking price. A real estate agent will do a comparative analysis of sales prices from similar properties. You’ll disclose property highlights, known defects, easements, water and mineral rights, and other property details.

Hobby farm for sale kentucky professional#

“I always like to start with an introductory meeting and discuss the options and find the best path for the specific seller,” says Elliott, who also happens to be a Class A Member of the Professional Golfers Association of America. (Read more about choosing a real estate agent in “Special Agent,” below.)įrom here, it can take a few days to two weeks to have your property listed for sale. You can either enlist the help of a real estate agent or do so independently.

When you’ve made the decision to sell your farm, you start the process by listing it for sale. Read more: Don’t forget these 5 things when you buy your farm. This is good news, of course, if you think you might sell your farm. Rural real estate investors, low interest rates and subdivision developments are making small farms more expensive and harder to come by. And I expect it to stay that way for the foreseeable future,” says Heather Housman, a realtor with Bluegrass Realty and Investments. “The market for small farms is strong in Central Kentucky. Of people seek less dense populations and room to ‘spread their arms’ a bit,” says Jim Elliott, a real estate agent with Hayden Outdoors, licensed in Kansas and Nebraska.įarther east, the situation is much the same. “The increase in inquiries and sales definitely coordinates with the onset of COVID-19. This is especially true for those who sell small farm properties. real estate market is strong nearly across the board. Additionally, real estate laws vary from state to state.ĭespite-or maybe because of-global uncertainties, the U.S. Regardless of your reasons, you may have conflicting feelings about putting your farm up for sale, and no doubt you’re receiving conflicting advice.Įven in this article, the words of one real estate agent may not apply to your property. Upsizing, downsizing, relocating, combining households and shifting to a different farm enterprise entirely: These are legitimate reasons you may want to sell your small farm.