Land Selling Checklist
This flyer from Whitaker Marketing Group outlines essential documents for selling farmland. It emphasizes their importance for valuation and closing, although not all are required initially. Categories include basic property details (total acres, location, ownership history), FSA documents (like FSA-156EZ, FSA-578), crop insurance records, yield data, soil tests, irrigation details, and more. Each category offers […]
Frequently Asked Questions about Farmland
Welcome to our exclusive video series featuring David Whitaker, a distinguished real estate broker specializing in Iowa farmland. In this collection, David addresses the most frequently asked questions about buying, selling, and investing in farmland. As you explore each video, you’ll gain practical insight directly from an experienced professional. Additionally, if you’d like a full […]
What is the best time of year to sell?
Top 50 Questions about Farmland The best time to sell farmland depends on factors like market conditions, seller goals, and timing needs. While specific months may see higher activity, the ultimate answer is: the best time to sell your farm is when you’re ready to sell. Key Considerations for Timing Full Bins Sell Farms: Farmers […]
What are the different types of auctions?
Top 50 Questions about Farmland At Whitaker Marketing Group, we provide a wide range of auction formats tailored to meet the needs of both sellers and buyers. Each method is designed to increase engagement and produce the strongest results for your property. Additionally, offering multiple formats ensures every farm and every seller has the right […]
What is ALC?
Top 50 Questions about Farmland ALC stands for Accredited Land Consultant, a prestigious designation awarded by the Realtors Land Institute (RLI) to professionals who demonstrate expertise and experience in land transactions. It is a mark of excellence in the farmland and real estate industry. What Does the ALC Designation Represent? Education: ALC designees complete advanced […]
What is a closing disclosure?
Top 50 Questions about Farmland A Closing Disclosure is a detailed document that itemizes all fees, costs, and financial details for a farmland transaction. It ensures transparency by breaking down expenses for both the buyer and the seller. What’s Included in a Closing Disclosure? Buyer and Seller Sections: Both sides start with the same total […]
What do I have to pay for taxes?
Top 50 Questions about Farmland When you sell farmland, you’ll navigate three primary types of taxes. Understanding how each tax works helps you plan ahead, meet your obligations, and protect the value of your sale. 1. Property Taxes Timing: In Iowa, property taxes run a year in arrears, so you pay this year for last […]
Do you cash the check right away?
Top 50 Questions about Farmland No, the earnest money check does not get cashed immediately. Instead, the transaction follows a clear process that complies with Iowa Real Estate Commission rules. These rules require the check to be deposited into a trust account within five days, ensuring transparency and security. How the Process Works Post-Auction Communication: […]
How soon can we close?
Top 50 Questions about Farmland The farmland closing timeline is one of the most common questions sellers and buyers ask. While the typical farmland closing timeline is around 45 days, it can vary based on the structure of the deal, financing, title work, and how quickly each party completes their requirements. Understanding this timeline up […]
What is a 156 form?
Top 50 Questions about Farmland The 156 Form is a vital document for farmland owners, often referred to as the “pedigree” of your farm. It provides detailed information about your farm’s characteristics, usage, and participation in government programs. What Information is on a 156 Form? Acreage Details: Total acres. Crop acres. Tillable acres as recognized […]