Posted by SweetFeet on December 29, 2016 at 20:05:33 from (70.35.102.196):
In Reply to: Landsharks posted by Thomasthetankengine on December 29, 2016 at 16:04:49:
I don't proclaim to know much about buying or selling real estate. But from the little I do know, here's what I'd do.
First I'd do some online research - looking at local realtor's listing prices for similar properties in my area to get a ball-park idea of value.
Could also ask auction companies to give you a valuation.
Then I'd make sure I got my property appraised by more than one realtor to get an idea of values (seems many around here do not charge for that... in hopes that you will list your property for sale with their company). I'd say check with 2 or 3 realty companies.
PLUS I'd check with my bank - they should have a department that deals in real estate... if not, then check with an Ag-specific lender, even if you have to pay them to do an appraisal.
Purely for the sake of example: I'd rather pay $3,000 for a legitimate appraisal... than lose $30,000 dollars because I didn't know what my property was worth and sold it far below its value - leaving the buyer to "flip it" and make a large profit. (I'd want that extra profit to land in MY pocket, NOT some else's pocket.)
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