When trying to put up Colorado ranches for sale, the seller must hire a notary or real estate agent to visit the property in order to carry out an appraisal, at the end of which he or she determines the selling price. People should entrust the expertise of the notary’s assessment service. Notarial rooms usually have evaluation services, which are able to provide this expertise free of charge, as long as the seller accepts the price tag he or she put on the ranch. However, the price tag should not exceed 90% of the appraised value. Of course, nothing prevents the seller from choosing another real estate expert. But in this case, the seller will have to bear the costs incurred.
The price tag a real estate agent or notary puts on a fly fly fishing ranches for sale is strategic. For an auction to succeed, the price must be attractive to buyers. The appraisal value is fixed according to the nature and the geographical and legal situation of the property (if it is sold empty or leased, for example). Then a discount of 10 to 35% is applied, according to the agreement the seller has with the notary. This does not mean that the sale is made at a discount: the price resulting from the auction is at the level of the market, or even above. But the sale will attract more people with a reduced price.
As for a classic sale, the notary must carry out the usual checks and formalities (purge of any pre-emption rights and mortgages, urban planning constraints, etc.). Sellers will also have to provide the notary or agent with the diagnostics and mandatory certificates of a walkthrough of the fishing property. The notary then draws up the specifications. The conditions of sale are set in each specification.
It is this document, supplemented within minutes of the auction, which will constitute the act of sale. It must, therefore, describe precisely the conditions of the sale and those specific to the property: an origin of ownership, planning provisions, mortgage situation, the amount of organization costs, measurement of the property, etc. Pricing is generally mentioned in the paperwork, but this is not an obligation. In any case, it is indicated at the time of the opening of the sale. It is in this document that the presence of tenants should be indicated. For more details, contact SATP or your local agent today.