Your farm is worth less than you think.

[GDR]

Wish there were more land auctions locally so you could see the amount of interest and prices. Got one quarter a couple miles away gonna go in December but not very good land so dont expect much.

How does the commission compare to using a realtor? Would be kinda stressful but sure would be the way to get it over with.

[Ab7]

Can’t even find a good quarter to buy here.
Just a few poor quarters on mls. Central AB.
750000$ + per quarter and sold in a week if decent land

[AlbertaFarmer5]

I'm not sure how accurate gauge auction prices are for land values. Hey can you go to either extreme as opposed to traditional sales, Which can take as much or as little time as necessary to find the actual value.

Eliminated from Land Auctions by the Lack of a subject to financing option? If you don't have the money sitting in the bank do you really want to spend the application fee ahead of time for every auction or tender that comes up, especially when some state the highest bid may not be accepted?

And on the other side, when they lead to bidding wars, and prices go to the other extreme.
A few sold by auction here lately, at prices above what we have bought through realtors, or land still sitting unsold is listed at.

[ajl]

Hammer price on home quarter miles NW of Bruderheim AB $725000. This includes an acreage within commuting distance of a major industrial area with older home, garage and shop. Land has $26000 of SLR. What that is worth these days with some companies paying and others not who, knows. 147 acres cultivated which would be true when land not flooded as badly as this year but generally good land in that area. Here in AB, there are things attached to land frequently that are hard to value but I would think that this would be down from 5 years ago when bare quarters in that area would fetch that sort of price. I watch any real estate auction that I can and find prices usually less than the rumored price. Crown land sale in northern SK closing shortly on McDougall today.