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Contact CLHbidDoes CLHbid.com respect right of first refusal for renters?
Last updated on June 10, 2024
At CLHbid.com, we understand that retiring farmers often enjoy retaining ownership and being able to engage with the renter of their land. At CLHbid.com we respect those positive relationships between the owner and renter. A ROFR (the ability of the renter to match any offer) is not needed with CLHbid.com however, as the tenant is fully aware of the pending sale and can freely bid with the other bidders. On the contrary, if granted a ROFR this tends to have a severe negative affect on the value the owner receives in the end. Most interested bidders don’t even apply to get financing, let alone bid, if they cannot realistically see buying the land in the end.
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Contact CLHbidQuestions Similar To "Does CLHbid.com respect right of first refusal for renters?"
Why shouldn't I just rely on a traditional appraisal to set the selling price for my farm or ranch land?
Appraising farmland is challenging due to its immovability and the influence of extrinsic factors like neighbour demographics and access, which are difficult to quantify. Unlike chattels, farmland value is not solely based on intrinsic factors like soil class, making appraisals less reliable. CLHbid.com's experience with open market sales, with true price discovery, are necessary to accurately determine farmland value.
Should I choose the lowest fee, or the highest net return?
Choosing the cheapest service over the most comprehensive platform often results in a lower net sale price, costing sellers hundreds of thousands of dollars. CLHbid.com's platform, enhanced marketing, and professional team are focused on maximizing the final, after-tax net return—proving that higher value service results in higher seller profit.
Does a Right of First Refusal (ROFR) cost me money?
A Right of First Refusal (ROFR), while historically useful, now destroys competitive bidding and is often used by tenants to buy land for significantly below market value. CLHbid.com’s open process eliminates the need for a ROFR and ensures the seller achieves true, maximized value.
Why does a low starting bid maximize my final sale price?
CLHbid.com's Starting Bid is strategically set low to engage more buyers, build confidence, and encourage fierce, transparent competition. This "soft start" strategy consistently drives final sale prices up, often exceeding expectations and resulting in maximum value for the seller.