REAL ESTATE

First National Real Estate Mills & Gibbon – When It's Time to Let Go: Preparing Your Farm for Sale

Tuesday 19 July 2016, 1:46PM
By First National Real Estate Mills and Gibbon
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TARANAKI

Selling the farm you’ve worked so hard to build is perhaps one of the hardest decisions you will have to make. But when things are not working out anymore, it would be best to let go. On a positive note, you are passing on your farm to the next person who will take care of it and keep it running. 

Farms and other rural properties are sold for a host of reasons. Some properties are mainly for investment, whilst some are up for sale because the owners could no longer sustain the business. If your case is the latter, you are on the more challenging end of the market.

To successfully sell your farm, there are three important questions that you should know the answers to: when, how and for how much should you sell it. Before anything else, you must first prepare your farm before putting it on the market.

To give you an idea of what you should do before the sale, have a real estate agent specialising in rural property have a look at your farm. First National Real Estate Mills & Gibbon have the expertise and understanding of the rural market in Taranaki. One of their agents will have a look around and tell you the most practical thing to do and spot every detail in your property that could influence the decision of potential buyers.

Your real estate agents can help you with all the important aspects of the sale, including assessing the value of the lot and structures within it, what needs to be improved in your property, when to sell it,  and all the legal and financial aspects of the sale.

Establishing a timeframe for your sale is important as you don’t want your farm to stay on the market for too long. Your goal should be to sell it as soon as possible to the best buyer so you can move on and pursue other things.

However, your strict timeframe should not pressure you to make rash and costly decisions on your farm. It’s important to stay calm and patient and keep the costs down. If you think that there’s something you should improve to give a better impression—say, a new fencing or new paving for the road—be sure to ask your real estate agent if it’s practical and necessary.

You will encounter a few challenges throughout the process, and it can be stressful, especially if you don’t have a clear grasp of the market. It’s best to leave it in the hands of an experienced real estate company.

To skip all these intricacies and sell your property right away, engage the services of First National Real Estate Mills & Gibbon. With their extensive business and social network across the property market of New Zealand and Australia, they will find the best buyer for you. They specialise in Hawera rentals and houses for sale in Hawera but they also broker rural properties throughout Taranaki and New Zealand.  

Visit their website at http://www.mgfn.co.nz to find out about their property listings and the services they provide for rural property owners and potential buyers.