Friday, June 23, 2017

5 Tips for Selling a Ranch


If you think selling a ranch is as simple as selling a house, you’re highly mistaken!
Ranches are countryside farms that come in different sizes and used for various purposes such as livestock keeping, fishing and recreation, and organic farming. A land of the ranch may include lakes, forests, fertile land, livestock barns, and even a cottage or house.

Where purchasing a ranch is a hell of a task, selling one is also not everyone’s cup of tea. For selling a ranch, the owner needs to gather a lot of information and acquire expert assistance to avoid all kinds of loss.


Selling a ranch to earn profits can be a stressful task. But worry not! Here are five tips that will surely help you in such a scenario:

Hire a property appraiser

The first and most important thing to do before selling a ranch Texas is to hire a property appraiser who will help you in calculating the value of your land. With time, the value of everything either increases or decreases. In the case of agriculture land, it’s always later.  An appraiser will determine the total value of your ranch while considering the worth of different aspects such as water and irrigation system, crop yields, soil condition, and building and fence construction. It’s much important for you to know the accurate worth of your ranch before selling.

Gather tax information

Unlike residential properties, ranches are business entities hence you’ll have to deal with various complicated forms of taxes. Taxes are applied to all assets involved in the sale of a ranch such as livestock, machinery, and equipment, constructed buildings, and land. Therefore, gather all sufficient information about taxes before selling a ranch to allocate the correct sale price of all farm assets.

Take great Photos

Gorgeous photos of your farm will attract the buyers for sure! A pro camera and high-resolution photography can highlight all the beautiful details of livestock and greenery. Capture all the mesmerizing scenes including lakes and crops to let your buyers know about the natural beauty this place has to offer!

Online selling

Although ranch advisors should be hired to conduct the selling procedure, you can also do some work on your own. Put ads on social media or websites to publicize the news about your ranch auction.

Learn about capital gain

On selling a farm or ranch, you will be subject to federal or government taxes that are usually due in the following year of the sale. If the value of your farm or ranch is greater than the purchase price, you owe a capital gain tax. But, if you are not selling the property but exchanging with another farm or agriculture land, the capital gain tax will be deferred.

To conclude, you must have invested a lot of money and time in your ranch hence acquire proper knowledge about all elements to determine the true value of your farm!

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