Valuing Arizona Horse Property is a Skill!
Valuing Arizona Horse Property is not easy. You know the value but if you have to convince your REALTOR® partner, have fun during the rest of the transaction! I guarantee if they can’t see the value in the beginning they are not going to fight for the value when it comes time to get an appraisal.
Valuing Arizona Horse Property is completely different than valuing a single-family home. I learn this way before I was a REALTOR® and buying my own horse property. I couldn’t get a Realtor to see that it wasn’t just excess land. To me, that excess land was pure gold. It’s food for my animal. It’s grazing. It’s exercise. I love owning the land. The more I can get the better. But do you think I could get the Realtors to see that? No way.
I told my husband, I’m going to get my real estate license and help people find horse property. That was years ago and it turned out to be a great decision because there was a need.
When someone is looking for a horse property with specific setups, such as shade, arena, fenced, cross-fenced, and they want a horse setup, they may not look in a specific neighborhood. They must broaden their search. This is why when it comes to appraisals many agents have not only a hard time pricing horse property, they have a hard time getting them to appraise. Valuing Arizona Horse Property is not near as easy as valuing a cookie-cutter home in a neighborhood.
Don’t Hire your Brother in Law to Handle your Largest Asset
So many folks love their family and want to be supportive. I get it, but be supportive in another way. Have them over for a BBQ or take them to dinner. Don’t take a chance of letting your brother-in-law lose you thousands of dollars by undervaluing your horse property. It’s just not worth it.
Valuing Arizona Horse Property with a Value Packet
What is a Value Packet? It is something Michelle developed many years ago to support appraisers in their job. It is very rare to have a REALTOR® understand or put anything like it together. When you list your horse property with us, we make a complete appraisal packet for the appraiser outlining the value of your property.
Appraisers have a difficult job and it takes a lot of time and energy to research everything that goes into a horse property. For the money, they make it is often not feasible that they put in hours of time and their work-load may not allow. To make their job easier we compile comparable properties, community information, unique features of your property and all upgrades you have done since you purchased the home. This is where we need your help. We will ask you for anything you know not only about your home but about the community. Some of the following things can be helpful in creating this appraisal packet:
- HOA restrictions and rules
- Access to Horseback Riding and Trailheads
- Water Rights & Information on Wells in Arizona
- Irrigation Companies
- Proximity to Public Arenas and Stables
- Upgrades to your home (no matter how small)
- Shared agreements with your neighbors (wells, roads, etc)
Creating the Horse Property Appraisal Packet
Once we have the items we can create the appraisal packet for your neighborhood. Most agents are not aware that you can go out several miles to find a like property if there are none available. It doesn’t have to be in your neighborhood or even within a mile. This is where you will value our skills in the horse property arena.
Making Your Home Worth More
Although often time we can push the price, we still must justify the price with an appraisal that is recognized by the lender. This means we cannot do a replacement value of your property and expect it to fly. Lenders require a comparable market analysis approach so those are the boundaries we must operate within.
For more information on Valuing Arizona Horse Property please contact us
As a Public Speaker and Writer, she has written for various magazine and trade publications and speaks Nationwide regarding the loss of her son, grief, and emotional health.
She is a Certified Negotiations Expert, Master Practitioner of NLP, and has attended Accredited Buyer classes and is a real estate instructor with Internal Dynamics Real Estate School.
Michelle enjoys time with her husband and family, Farm animals, writing, gardening, reading, and is a huge fan of personal growth.