Posted by NY 986 on November 30, 2022 at 06:39:09 from (67.249.255.74):
In Reply to: Land Value posted by DelMN on November 30, 2022 at 05:39:02:
Just let it be known at the local diner you were wondering what land was worth and people will be banging on your door. Then you will have some idea. Sure, there will be some low ball guys out there but then there will be guys who have to have it at any cost. Comparing my area to yours would be like comparing apples and oranges and I imagine it would be true for 99 percent of the posters on here. If you thought that you could trust the local banker or realtor then you could ask them. But anymore it is fairly probable they are working on the behalf of some farmer other than you and will not give you a good idea. I remember back during the 1970's and 1980's a BTO here had a brother who ran a real estate agency. If somebody listed land with him it always became a matter of he could not get any offers other than the low ball one from his brother. The BTO also reputedly stuck money in the pockets of loan officers at Farm Credit that any competing offer could not get financing through Farm Credit. Move slowly so people will know you will not take the first offer made. Any developments nearby or industrial parks to get a non-farm value?
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