auctioneer cost to value land in transfer

RunningBasho

Hi Lads/Lasses,

anyone have an idea of what an auctioneer would cost to value 50 acres.
is there a set cost? or proportion of land value?

sorry completely new to this, have an auctioneer coming so i want to have an idea first.

thanks for any feedback

sh1tstirrer

I got an auctioneer to value the farm in 2010 he charged 180, you should ask how much he'll charge before he comes out.

huey1975

Do you want it valued high or low?
You should tell him what value to put on it and then give him €50 to put it in writing on his headed notepaper

larrymiller

huey1975 wrote: »

Do you want it valued high or low?
You should tell him what value to put on it and then give him €50 to put it in writing on his headed notepaper

Yeah our one asked us what we want it valued at didn't even have to give him extra

Nekarsulm

180 would be top money. Plus the vodka & tonic. Any property has many different values. Insurance, transfer, Taxation, divorce (for him) divorce (for her) etc. All are genuine and valid, even though all are different.

sea12

Got it done a couple of years ago for 100 plus vat. Again he gave a value and then asked was it ok or did I want to to change it

Base price

Not quite your scenario but we had a valuation done on my late Uncles farm for Probate.
If only one visit and property was in one block €80 + vat which included house, buildings, livestock and machinery valuation.
If land was divided between two blocks then €100 plus €0.80c a mile up to 10 miles + VAT, thereafter price by negotiation.
To be honest I would be more concerned about the conveyancing fees charged by your Solicitor.

sh1tstirrer

Nekarsulm wrote: »

180 would be top money. Plus the vodka & tonic. Any property has many different values. Insurance, transfer, Taxation, divorce (for him) divorce (for her) etc. All are genuine and valid, even though all are different.

I thought that was a good price at the time

The Nutty M

€160 three weeks ago for 18 acres.

Bodacious

2013 E160 for derelict house and 10 acres


2013 20 acres farmland E200 plus vat E246

Nekarsulm

Number of acres not important. 180 at the high end of the price range for a valuation. Unless it's for a contentious litigation, which could lead to a couple of hours questioning by a barrister down the line. If you had five of those a week, you wouldn't be giving yourself grief letting houses to students or travellers.

Pat Mustard

sea12 wrote: »

Got it done a couple of years ago for 100 plus vat. Again he gave a value and then asked was it ok or did I want to to change it

I'd say that €100 plus VAT is common enough.

DaDerv

Local auctioneer did it for €150 before Xmas for me, 90 acres and a dwelling. Be nice to them, and ask them to value it low as possible, if you have to pay a bit extra to keep em sweet it's worth it in the long run as you will save money on the stamp duty of the transfer.

Base price

The Mustard wrote: »

I'd say that €100 plus VAT is common enough.

Depending on location - I assume.

TITANIUM.

Be careful not to fall into the trap of valuing the place to low. It can lead to trouble down the line if you want to sell a a piece or transfer a piece.

Pat Mustard

Base price wrote: »

Depending on location - I assume.

That seems plausible, but I don't know enough to comment on valuation costs outside of one specific 70 mile radius

RunningBasho

huey1975 wrote: »

Do you want it valued high or low?
You should tell him what value to put on it and then give him €50 to put it in writing on his headed notepaper

larrymiller wrote: »

Yeah our one asked us what we want it valued at didn't even have to give him extra

that would be sound, but i'd say this guy will want to make it look like he's earned his money so will make a job out of it.

heuy1975, i want it valued low.

huey1975

RunningBasho wrote: »

that would be sound, but i'd say this guy will want to make it look like he's earned his money so will make a job out of it.

heuy1975, i want it valued low.

Then get a different guy!!
If it's for inheritance tax so long as you don't take the piss altogether it won't really be questioned.

RunningBasho

huey1975 wrote: »

Then get a different guy!!
If it's for inheritance tax so long as you don't take the piss altogether it won't really be questioned.

tradition, this guy has worked down the years for my father. Just a way of doing things
i wanted to ask him a price before he called out, "but you couldn't be doing that"

Reggie.

RunningBasho wrote: »

tradition, this guy has worked down the years for my father. Just a way of doing things
i wanted to ask him a price before he called out, "but you couldn't be doing that"

You've one if them fathers too :rolleyes: