Building your knowledge of potential variables in a purchase process can strengthen your negotiating power. And we’re here to help.
The following checklist is designed to make it easy for you to identify, and keep track of, the things you’d like us to help clarify when it comes to buying a farm.
- Print it out.
- Mark or highlight your topics of interest.
- Arrange a meeting with an ASB rural manager, and have the checklist with you.
Farm purchase
- Purchase price
- Property access-date
- Deposit date /amount / split
- Finance date
- Dairy food shares
- Tracks to be graded
- Fertiliser-type, quantity, when applied
- Weeds - spraying
- Re-grassing of crop and other paddocks
- Confirmation of boundary pegs by surveyor
- Help to shift
- Paint house and buildings
- Paying share of subdivision costs
- Keeping current staff or changing
- Share of real estate agent/solicitors costs
Vendor finance
- Possession date
- Access to property to develop
- Dairy company shares
- Fertiliser shares
- Fences, yards, sheds, buildings
- Average pasture cover
- Supplements on hand
- Crops-type, area, sowing date
- Fertiliser sprays
- LIM report
- Trees pruned, thinned, harvested
- Swap house for part land value
- Plant and equipment
Stock
- Price
- Number
- Weight
- Condition score
- Delivery date
- Freight costs
- Sire breed - ewes / cows
- Calving / lambing dates
- Sheep - shearing dates crutched etc
- Deposit date / amount / split
- Rejection clause (rate) i.e. 5% 10% 15% etc
- Animal health remedies applied (drenches, dipped, vaccinations etc)
- Commission if through agent
Vehicle/Plant purchase
- Price
- Delivery
- Service costs, pick up and deliver
- Warranty
- Colour
- Accessories tow bar etc
- Trade in
- Air con
- Availability
