I had the pleasure of working with a widow in Pierce County this year, who decided to sell the family farm now that she was alone.  Her husband farmer of 50 years passed away three years ago.  They had purchased the farm for about $150,000 decades ago, and I listed and sold it for over $7 million.  As you can imagine her capital gains tax was a small fortune.  Her accountant calculated $840,000 would go to the IRS.  Ouch!  I had estimated $800,000 when I first talked with her, but then I didn't add the alternative minimum tax of $40,000.

This is just one of the issues to resolve before getting into a listing and selling your farm.  There are development questions, questions about subdividing, wetlands, permitting, demand and supply, marketing, and there are the tax questions.  There are environmental issues that get more complicated every year.  There are City, County, and State laws that must be carefully followed.  Then there are issues that need planning way ahead of selling, such as your financial planning.  What will you do to save taxes in the sale, and how will you re-invest the net proceeds? 

I cannot emphasize how important it is to retain a professional with experience who really understands the issues in selling farm land, and knows how to work with your accountant, your attorney, and your financial planner to get the best possible outcome for you. 

Here's what I'm willing to do if you own farm land and are considering selling it.  I'll meet with you in the comfort of your home at your dining room table.  I'll answer your questions, explain how you might work through some of these important issues, and talk to you about being sure you make the kinds of decisions that will give you the freedom and security you need and want.  Top producing agents have been seeking advice from me for more than 15 years.  You can talk directly with me.  Call me for a free consultation today.

Submit your questions to chuckmarunde@gmail.com. 
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Best regards,

Chuck Marunde, J.D.
Broker/Owner
Sequim & Port Angeles Real Estate
618 South Peabody St., Suite I
Port Angeles, Washington 98362
tel.: 360-775-5424
fax: 866-733-7135
chuckmarunde@gmail.com