Buyers

Finding the right ranch can be difficult, especially for Buyers not familiar with Wyoming or Montana. There are countless websites, and brokers advertising ranches for sale. It is complicated to sift through all the marketing, to find ranch properties that will fit your needs. 

The first step to solve this dilemma is to work with a Broker that knows the market and what is available today. This begins with a conversation about what the Buyer’s needs are. 

• Size of property. 
• Property type. Cattle ranch, farm, hunting, fishing, recreational, or family retreat.
• Price range and time frame.
• Financial capability: Is the Buyer in a position to pay cash or are they seeking conventional financing? 
• Location: Proximity to towns or cities, airports, hospitals, shopping, amenities.
• Property attributes: Live water, fishing, hunting, wildlife, irrigated acreage, elevations. Water rights, grazing permits.
• Improvements: Size and style of the home, guest house, shop, equine facilities, working corrals, feed lot.
• Is the Buyer doing a tax deferred exchange? This often means time is a critical factor. 

Once the ranch broker has a picture of what the Buyer’s needs are the process of narrowing down potential properties and making a tour schedule can begin. Often looking at several ranch properties in Wyoming can take several days. Some larger ranches can require a full day or longer to properly tour. 

After the right ranch is identified, negotiations begin. A good Ranch Broker will research comparable sales of similar properties to determine fair market value . The negotiation process can often take some time to reach terms acceptable to both parties. When the terms have been agreed on, then the Buyer’s Broker will work with the Buyer through the due diligence process, to make sure, the property is right for the Buyer. 

Finally, closing on the ranch, often has some last-minute details to work through. Ultimately, a good ranch Broker’s goal is to have all parties to the transaction happy with the terms and the process at closing. Ted Harvey has the experience, and market knowledge to help ranch Buyers find the right ranch, and achieve successful closings. Get started today on finding your dream ranch.