When Do I Get Paid?

Top 50 Questions about Farmland

Hey, it's the Iowa Land guy, and here's the top 50 questions that I get asked about farmland. So when do we get paid? We get paid, uh, normally the day that we close on the transaction. So, uh, the money's gonna get transferred from the buyers to the, uh, closing, uh, office. That closing office will then distribute funds to, uh, the seller or sellers.

If there's multiple parties, um, that can happen. If it's a wire transfer, the day of closing. If it is a check afterwards, it might take two or three days to get that check in the mail. But, That's when you get paid. You get paid at closing, and closing is typically on a farmland transaction around an average of 45 days after the auction or after the sale of the property.

David Whitaker | Iowa Land Guy