THE FARM BOY ADVANTAGE
HOW TO BUY FARM LAND IN SASKATCHEWAN
1. Assess your financial health
Retain a realtor who is trustworthy, will put your needs first, and who has first hand knowledge of agriculture, farmers and land. Buying a piece of farm land is significantly different than buying a house, so experience in agriculture is crucial.
2. Find a
Whether you are buying with cash or credit, you need to know what you can afford, and ensure that the land you buy will return sufficient income to support credit payments, land upkeep and farming expenses. Meet with a bank with experience in agriculture.
4. Consider rental prospects
5. Market Research
6. Take your time
Before buying land, you should know the soil types on the property, the area's crop rotations, average production value, and the past farming practices. If you can't visit in person, ask your realtor to visit and assess the property for you.
If buying land as an investment, you should have your realtor research and advise on rental prospects, and set a strategy to obtain a suitable renter prior to committing to a purchase.
Research and compare the price you are paying for the land with comparable sales for the area you are buying in and ensure what you are buying has the right value.
Never be rushed by a seller or Realtor. Keep your best prices and financial goals to yourself. Don’t buy impulsively – be sure to consider everything prior to a purchase.
CONTACT FARM BOY REALTY
to learn more about Saskatchewan land for sale