If you’re considering selling a farm in Alberta and have come across our website, you’ve probably already noticed that agricultural land transactions tend to be very complicated, and that the process of selling a farm isn’t always quick or straightforward. Letting go can be difficult.
One other thing you should definitely know and keep in mind, however, is that selling a farm can often be a very emotional decision. In fact, many new clients are surprised to find that lots of unexpected feelings come up when they least expect them. Here are a few parts of the farm sales process that often cause sellers to feel uncertain:
During a tour of the property. Sometimes, a farming family will look through the land, or a set of surveyors’ maps, and feel sad about the idea of not living there anymore, or having family gatherings on the property.
When negotiating prices and valuations. It’s hard to put the value of a family farm into dollars and cents, especially when it might not have the same sentimental value to another farmer or land developer that it has to you.
After the sale of a farm has been completed. For most of our clients, selling the family farm means the start of a new life, and a whole new lifestyle. That can be exhilarating, but also a little bittersweet at the same time.
Deciding to sell the family farm isn’t easy, and only you can decide whether it’s the right step to take – and in fact, that decision may change as you begin to move through the listing and negotiation process. It’s only natural, given that most farming families feel tied to the land, and many plots have been passed down from one generation to the next.
At the Fred Mertz Team, we’ll work with you to explore the financial and lifestyle implications of selling an Alberta farm, so you can make the choices that are right for your family and future.
By Fred Mertz Join me on Google+