Short answer - yes!
First off - remember you don’t have to use the listing agent of any specific property that you’re interested in.
In fact, you deserve to have an agent in your corner that will always keep your best interests top of mind. In the long run it will pay off huge to have an agent working for you that has a specialization in whichever niche you are interested in buying in - particularly if you’re looking to purchase a Kentucky horse farm.
It’s advisable to take your time, research thoroughly and do your due diligence. Don’t feel beholden to a single agent - interview several. You aren’t tied down until some kind of buyer agreement is signed.
What Information Can A Kentucky Horse Property Specialist Provide?
A local Lexington horse farm specialist should have a good handle on any local regulations or restrictions that exist when it comes to horse farms.
They should also be able to point you in the right direction when it comes to acquiring the right kinds of financing. Having completed numerous transactions in the past, an experienced agent will know all about the most reputable local lenders that offer financing for farms and land in and around Lexington, Kentucky.
Lastly, a local Kentucky horse farm real estate professional should have a stable of local professionals they’d be happy to recommend. This includes professionals for any of the necessary structural inspections that are bound to come up - be it the primary residence, horse barn or other structure.
What Background Should a Kentucky Horse Farm Specialist Have?
This should go without saying, but a real Kentucky horse farm sales specialist should almost certainly have a clear equestrian background. They should have first-hand knowledge when it comes to the owning, riding and caring for these majestic animals and have a clear passion for horses.
They should also have a good amount of local market knowledge. This includes a keen understanding of where the market is going as well as any local horse facilities.
Another good thing to look at is what accreditation an agent has. A reputable agent with a good amount of experience will also want to ensure his or her skills are up-to-date. There are numerous accreditations out there for buyer specializations and even farm property specialization that help demonstrate a clear dedication to always providing the best service and most up-to-date information.
What Should I Do Before Contacting an Horse Farm Real Estate Agent?
Before you even contact an agent though, it pays to do plenty of research yourself. You’ll need to know exactly what you’re looking for in a property. It helps to make a list of needs and want, and identify exactly what’s most important in a Lexington horse farm property.
Also, do your due diligence yourself about the process of purchasing land in Kentucky, so you won’t be going in blind. It also pays to have some idea of what to look for in a property and what type of property best meets your intended use.
Lastly - plan ahead. Try to consider not only your short-term needs but also what your needs will be down the road. This may not always be an easy question to answer, but a little bit forethought and planning now could save you a tone of disappointment and heartache down the road.
What Questions Should I Ask A Potential Agent?
To start, here are a few questions you can ask when interviewing potential agents:
- How much experience do you have with Kentucky horse property?
- How much knowledge do you have about the Lexington area real estate market?
- Do you own horses yourself?
- How long have you been a REALTOR® in Kentucky?
- Do you have testimonials from past equestrian clients?
- What kind of services do you provide?
- Can you help with farm financing?
This is just a start, but it will give you a good overall feel for the kind of background, skills and training each Lexington real estate professional brings to the table.
Do they really have the kind of experience in horse farm purchases that you’ll need to rely on? You'll likely be spending a lot of time with this agent and relying on their expertise, so it'll pay to take your time and make the right choice.
If you're interested in learning more about how we can help you get started on your journey to horse farm ownership, please get in touch with Hill or Regan Parker online or call 859-608-8039 today!