Tender Deadline: Thursday, November 14th, 2024 @ 6:00pm
Terms of Sale: $50,000.00 Deposit to be submitted with tender. Cash Offers Only with No Conditions for Financing, Inspection, or otherwise. Property being Sold in “AS IS” Condition.
Closing Date: Tuesday, January 7th, 2025
98.25 Acre farm for sale in Perth South, approximately 2 miles north-east of Kirkton online 10. Selling land only (house has been severed) with approximately 84 acres of workable land with the balance in woodlot. Land is level, randomly tiled, both Perth and Huron clay loam soils with good natural drainage. Excellent opportunity to add a productive parcel of land to your existing operation.
*Property to be sold subject to Seller approval. Seller reserves the right to accept or reject any tender at the absolute discretion of the Seller. Highest tender bid may not be the accepted bid. *
For more information, contact Brent Shackleton (Broker of Record) direct at 519-275-0762 or email brent@shackletons.ca
Tender Deadline: Wednesday, September 11th at 6:00 pm
Terms of Sale: $50,000.00 Deposit. Cash Offers Only. Property being Sold “AS IS”
Closing Date: Thursday, October 11th, 2024
75 Acre Farm Located north of London and west of St. Marys. Approximately 65 workable Acres of productive Huron clay loam. Balance of land consists of woodlot, beautifully landscaped lot and well maintained 3-bedroom home, with a 3300 square foot garage with an 1800 square foot drive shed.
Check out the Virtual Tour Here: https://youriguide.com/4811_whalen_line_granton_on/
For more information, contact Brent Shackleton (Broker of Record) direct at 519-275-762 or email brent@shackletons.ca
REAL ESTATE & CONTENTS FOR SALE BY PUBLIC AUCTION
Legal: PT LOT 43 CONCESSION 4 SOUTH EASTHOPE AS IN R208681; PERTH EAST
Sale Date: Saturday, July 27th, 2024 at 10 am. Property to be sold by public auction to the highest bidder (subject to Seller approval).
Lot Size: 105.27 feet frontage x 210.54 feet depth; (0.509 acres)
2024 Property Assessment: $442,000.00
2024 Property Taxes: $4391.97
Zoning: A (Agriculture)
Building Description: Approximately 2400 square foot dwelling serviced with a 200-amp hydro service and backup (Sommers) generator. Heating supplied by a propane gas forced air furnace (2011) with central air. Auxiliary heating systems include wood stove in basement (not WETT inspected) and two propane gas fireplaces on the main floor. Water softener, water heater and existing appliances are all owned and included with the property. Asphalt shingle roof is about 12 years old. There is a conventional septic system and water is currently supplied by a neighbouring well. BUYER SHALL BE RESPONSIBLE FOR DRILLING THEIR OWN WELL ON CLOSING. There is an attached garage and a detached workshop previously used for woodworking.
Terms of Sale: Property will be sold to the highest Bidder subject to Seller approval. Property to be sold for cash with no conditions for financing, inspection or otherwise. Buyer shall submit upon acceptance a $25,000.00 deposit cheque payable to Shackleton’s Real Estate & Auction Co. in Trust. Property is being sold in “AS IS” condition with no warranty regarding proposed use, environmental matters, age or condition of the buildings and chattels included. Buyer acknowledges there will be no water supplied to the property and it is the Buyer’s responsibility to source their own water supply. Buyer and Seller agree the closing shall be August 30th or at a date mutually agreed upon between the Buyer and Seller.
We know that as farmers, you have strong emotional ties to your land, having invested time, effort, and memories into cultivating it to what is it today.
When it comes to selling your biggest asset, it can feel overwhelming and emotionally challenging trying to plot the numerous complexities and logistics around valuing different types of assets (land, equipment, livestock), negotiating terms, and navigating the legal and regulatory processes. In addition, determining a fair market value for the entire farm, handling tax implications, and ensuring a profitable sale are significant financial considerations.
With only one opportunity to sell your biggest investment, the best decision you can make is to call Brent Shackleton (Broker of Record & Auctioneer). With over 40 years of experience, Brent is able to offer you and your family a range of options when it comes to not only selling your farmland, and agricultural properties but also the contents. With Brent’s Real Estate and Auction background, he can provide you with options and put together a custom package for you and your family and offer you options of sale by Public AUCTION, TENDER process and the traditional Multiple Listing Service (MLS).
Thinking of selling your farm? Call Brent Shackleton today to start the conversation at 519-275-0762 or email brent@shackletons.ca
What is the Best Time of the Year to Sell a Farm?
The optimal time of year to sell a farm is early Spring or late Fall. Spring sales allow the farmer to plan their crop rotation and time to prepare the land for planting – farms look their best during the growing season, which can also help to showcase the land’s productivity and potential. Spring and early summer time also has ideal weather conditions, which makes it easier for potential buyers to visit and inspect the property. The Fall market is also an ideal time to sell, as it allows the existing crops to be harvested and selling after the harvest allows you to complete the growing season potentially provide buyers with yield data, and gives buyers time to plan and prepare for the next season
What is the Difference Between Public Auction and Tender for Selling a Farm?
The Terms of Sale for both Auction and Tender are virtually identical. The primary difference is the transparency. The Auction method is a public process whereby the bidding is open to those in attendance – Buyers can see who they are bidding against, and the Bid price is known. The Seller must deal with the highest bid (Subject to Reserve). In the Tender process, the Buyers do not have the knowledge of who is bidding, or the Bid Price. The advantage to the Seller, is they can pick and choose to whom they want to sell the Farm – at the Sellers’ discretion. They can also make their decision privately, and not in the public eye of an Auction Sale. The primary benefit to both Buyers and Sellers, is the notion of a “level playing field.” Everyone interested in buying the Farm will have an equal opportunity to buy!
What are the Benefits of Selling a Farm by Public Auction?
Selling a farm by public auction can be a highly effective method, offering speed, efficiency, and the potential for competitive bidding. The auction process is TRANSPARENT, the terms and conditions of the sale are clear and set in advance by the seller, with the guidance of the Auctioneer, for example, Farms are typically sold “AS IS”, which reduces the likelihood of unexpected negotiations or contingencies and can lead to a QUICK CLOSING. A quick sale means fewer ongoing costs related to maintaining the property, such as taxes, insurance and utilities. Bidding for the property happens in LIVE time, in a public setting (often at the property itself), the competitive nature of the auction, can attract multiple bidders and the bids being made publicly allows for a fair, transparent and competitive bidding experience, which can result in a higher sale price than expected.
Who Decides the Best Method of Marketing?
We look at all factors surrounding a potential sale, consult, and advise the Seller on what we believe is the best method of marketing for the sale of the property. However, the decision always rests with the Seller. Our role is to work in the best interests of the Seller.
Do you Sell Farm Equipment as well?
Yes! We have sold entire lines of farm equipment on-site at the farm either in conjunction with the farm property sale or on a separate date following the farm sale.