Author Archives: Emily Gill
By Emily Gill | Published April 17, 2018
For some, farm life is part of the everyday fiber of the family. For others, it might be where they grew up and would like to get back to and for others, it may have been a favorite place to visit as a child.
These memories are a double-edged sword for those of us in the rural real estate business. Selling the family farm can get sticky, emotional and hard. Arguments arise, and people will often find themselves in what feels like a battle both within themselves and with others. Often times when selling land, they are selling something that has been in the family for quite some time and they have only one shot to make this the best sale possible for their family’s sake. When making this decision, it is important to choose the right agent or auctioneer to help the family through this process.
Memories made on the farm are also [ … ]
By Emily Gill | Published April 11, 2018
Although a survey is not required to sell land in Illinois, I would highly recommend it. A survey can help identify and solve problems that an owner did not know existed, but in time may cause issues. We at Property Peddler see it so often. Property will be purchased without a survey, then when this property or neighboring ground is sold, issue after issue will arise that were unknown or thought to be resolved when the property was originally purchased. Some of the more common problems that occur include: not owning as much acreage as once thought, using land that is not rightfully owned due to a poorly written legal description, building encroachment, and easement issues due to a lack of clarity. For example, an owner could have a 1/4 section of a 1/4 section which in theory should be a square 40 acres, but it could turn out the [ … ]
By Emily Gill | Published March 23, 2018
Land professionals from across the country gathered to network with each other and discuss the latest in marketing, market trends, and the economy at the 2018 National Land Conference, in Nashville, TN. My wife, Brenda, and I had the opportunity to attend this event and were excited to learn from the industry’s top leaders. The discussions were very informative and covered topics including the Farm Bill, Conservation Easements, Environmental factors, 1031 exchanges, and the residential impact of land sales. It is an ever-changing world that we live in and it is imperative we be aware of the changes. The presentation given by an economist on his predictions for the future was enjoyable, as was listening to the perspectives of commercial agents that specialize in land development. As a member myself, it was inspiring and humbling to meet the other members of the APEX 2018 Producers Club & seeing the [ … ]