Maybe you’ve always dreamed of escaping to a quiet slice of countryside surrounded by open fields lush with crops. Maybe you have plans to herd cattle or ride horses, to sell at a farmers market or to till the fertile soil with your own hands. Maybe you just want to get away and breath the clean air of working farmland. Whatever your dreams, it’s time to make them reality. It’s time to buy your piece of farmland in Southern Middle Tennessee.
How to Buy Farmland in Middle Tennessee
Buying farmland isn’t like buying a house. It shares some similarities—like determining a budget and securing financing—but there are a lot more considerations that go into finding the perfect piece of land for your goals. Here’s your step-by-step guide to buying farmland.
Just like buying more traditional property, buying a farm starts with the basics.
Before you do anything else, figure out what you can realistically afford to pay for your land.
Set a Budget
Unless you’ve got some significant savings, you’ll likely need to secure financing.
Find a Lender
Determine Your Goals & Needs
Make a Plan
How you plan to use the land (i.e. livestock vs. crops) determines the type of land, the location, and how much you’ll need.
Choose a Location
Based on your needs and farm goals, determine which areas will provide the space and the type of land you’ll require.
Based on your use of the land, you may need to consider things like the distance to the nearest market at which you can sell goods.
Start Your Search
Based on what you need in a piece of land, you’ll have some different criteria for finding the perfect piece of land in your chosen location. For example, if you’re buying land for livestock, you’ll want to consider things like fencing and barn types. For crop production land, you’ll want to focus on soil types, drainage, irrigation, and field history.
No matter what type of land you’re buying, it’s always important to do your research and be prepared with knowledge such as tax rates and interest rates, land costs and fair pricing, water sources, zoning restrictions, possible environmental problems, and the accessibility of the property.
Search Nashville-Area Land for Sale
Choose an Agent Experienced in Farm Real Estate
One of the most important things you can do when buying farmland is to work with an agent who knows their stuff! Choosing an agent experienced in farm real estate can be the difference between finding the perfect piece of land (and getting a good price for it) and a complete financial disaster. Contact me today if you want to learn more about how I can help you realize your goals of owning farmland.
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