Farm Land Appraisal

The median price of pennsylvania farmland and other rural property for sale is 215 000.

Farm land appraisal.

Farms and farmland are appraised for the same variety of reasons that a home or a commercial property might be. In an appraisal consideration is given to the property its location amenities as well as its physical conditions. Zac ryan was nearly brought to tears the day he first set foot on a private island off the coast of georgia its pristine beaches never touched by civilization. A certified appraiser submits his opinion of value in a land value appraisal.

Baker is a certified appraiser with first illinois ag group decatur. Farm credit appraisers and evaluators are some of the most knowledgeable people in this business because they are exposed to every type of rural property hobart says. An experienced land appraiser explains how he investigates a property to understand what makes it valuable and what detracts from its value. The value of a tract of land also changes over time depending on market conditions and demand for the property.

Raw land might be purchased for a long term hold because the buyer expects that a developer will want it one day. Our land experts work under a professional code of ethics and are known as the most trusted rural property professionals if you re working with an accredited member of the american society of farm managers and rural appraisers you re working with someone driven to be the best. The income approach to appraisal will likely come into play if the property includes a working farm or ranch. The combined value of all pennsylvania land for sale is almost 6 billion and includes almost 200 000 acres of pennsylvania land for sale in the state.

Find a farm manager appraiser or ag consultant. A farm appraisal can be much more challenging than a residential appraisal and usually requires a broader scope of knowledge. A good understanding of the appraisal approach can smooth the transaction associated with the required appraisal and provide peace of mind to the landowner. The most obvious situation in which you would need an agricultural land appraisal is the sale of the land but this would also include times when there are upgrades or improvements to the land.

In the end farmland appraisals play an important role in farm ownership. The appraisals for farm loans are performed by a approved appraiser who is typically a state licensed individual trained to render expert opinions concerning agricultural property values. Some associations also offer appraisal services to their customers for a fee and all associations can assist customers in finding a qualified rural appraiser. For example you may need an appraisal if an agricultural property is part of an estate under valuation.