SELLING THE FAMILY FARM/ASSETS (STEP 4)

THE BIG DECISION

At this stage you have now confirmed your title with your solicitor, obtained sales and valuation advice, received the necessary taxation and accounting advice and can therefore make a fully informed decision as to the merit of selling.

CONSIDER ALL ADVICE

We always stress to potential vendors that they consider all advice given to them with an open mind and that while they may have their views and opinions on various matters, it is important to fully consider all professional recommendations. If second opinions should be obtained or consultants engaged, then this can also be incorporated at this point.

GOODWILL TO ALL MEN!

Goodwill is another essential element to achieving a sale. A vendor should be prepared to offer goodwill to every potential purchaser. No purchaser will want to get involved in a family dispute or feud and therefore it is imperative to have all this dealt with before a sale or marketing campaign commences.

SYNOPSIS

Tune in for next weeks blog where we will be highlighting the steps that we have covered over the last few weeks which should give you an overall synopsis of the steps involved in Selling The Family Farm / Assets.

Clive Kavanagh, MSCSI, MRICS is a Director of Jordan Auctioneers & Chartered Surveyors who has been involved in the sale of agricultural land and country properties for the last 18 years.

T: 045–433550

E: clive@jordancs.ie