Land Transaction Services
Peoples Company’s full-service land transaction platform includes the following services.
Value determination on individual assets and portfolios by examining farm characteristics, comparable sales, and income potential.
Comprehensive document which outlines estimated asset characteristics, property value, sales strategy, team of professionals, and fees.
SALE METHOD IDENTIFICATION
Recommendation of what Peoples Company believes will be the best method for selling the property. This recommendation will include parceling and lease strategy.
TIMELINE OF SALE PROCESS
Thorough document overviewing the timeline from signing a listing agreement to the marketing process, sale, and closing process.
Designing custom marketing materials for every land listing and auction through our in-house, professional graphic design team gives each property a distinct identity.
Professional drone photography
Landowner mailers and postcards
Website listing and/or customized website development
Specialized email blasts
Custom comprehensive brochures with all property information and sale details
Social media campaigns
Local newspaper and radio advertisements
OFF MARKET LISTINGS
Exposure of property to internal networks to test the market, maintain privacy, and create a sense of exclusivity.
Addition of property to Multiple Listing Service to advertise property to maximum number of buyers while conducting full marketing efforts.
For highly desirable properties that need to be sold quickly, a variety of auction methods are available. Peoples Company auction day services include an auctioneer, online auction clerk, ring men, registration, and social media streaming.
LEASE TERMINATIONS & RENEGOTIATIONS
Coordination with our land management team to handle lease terminations and renegotiations.
DUE DILIGENCE & ONLINE DATA ROOM
Assembly of an online data room that contains all pertinent maps, due diligence information, and sale details.
NDA Required to Enter Data Room
Auction Documents - Purchase Agreements & Terms & Conditions
Crop History and Production
Preliminary Title Reports
Third Party Reports
Access to counsel who will coordinate with all outside counsel to oversee the following:
Preliminary Title Reports
Water Rights and Irrigation Improvements
Auction Terms and Conditions
Upside/Highest and Best Use
Purchase Price Allocations
LISTING ACTIVITY REPORT
Overview of how the market and potential bidders react with a property. The report includes a list of interested buyers as well as impressions of each specific marketing channel utilized that we can track.
Coordination of all aspects leading up to sales day as well as execution on the day of the auction.
Auction location procurement and refreshments
Live stream via social media
Registration of bidders
Reading of terms and conditions
Signing of purchase agreement
Collection of earnest money
CLOSING COORDINATION & EXECUTION
Coordination of all closing activities from purchase agreement to closing statement and deed.
Purchase Agreement negotiation and execution
Title policy review
Coordination with title company, lenders, lawyers, and other agents
Review of final closing statements (commissions, taxes, pay-offs, etc.)