Would you like to know what your rural real estate is worth? No, not an appraisal… that’s for banks. I’m talking about an in depth look at how the market values your property.
That’s right, we will take the time to investigate your property, compare it to other like farms in the area and give you an unfiltered look at the current market value of your property.
Often times an appraisal is confused with market value, but they aren’t exactly the same thing. Sometimes they will agree, but not always.
An appraisal is a tool used by lending institutions to assess a value of a given property so that they can asses the risk of lending funds to purchase the property.
On the flip side, market value has less to do with the cost of the property and more to do with how much a person is willing to pay for a given property. For example, a property with a great view has more market value than appraised value. The appraisal is based upon the property around a given property and if a given property has a better view an appraisal will not reflect that. However, the market will dictate a higher price because the market will realize the added value.
That’s where we come in. We deal in market value when evaluating property on a daily basis. We know the current state of the marketplace and will use our experience and tools to evaluate your property.