Selling a farm can be a stressful and emotional experience. Until a sale is agreed every effort and focus is given to try and achieve the best price and maximize the outcome. You only get one chance to sell something so careful planning, good advice and adequate preparation are the key features to obtaining a satisfactory result.

Assuming a decision to sell the family is now arrived at we now outline the process involved so you can be on the ready to proceed without any unnecessary delays.

At this stage you have 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.

Once the sales advice has been obtained and estimated realization prices established, we recommend that a vendor discuss the tax implications of selling the property with his / her accountant.

Following on from last weeks Blog on Step 1 of Selling The Family Farm / Assets where we covered seeking legal advice as your first point of contact , we now move onto the second step which is to obtain independent sales and valuation advice.

Over the coming weeks Clive Kavanagh, Director here at Jordan Auctioneers with ‘on the ground’ first hand experience of dealing with the sale of agricultural land and country properties will be outlining the various considerations with regard to selling the family farm and/or land.