6/21

       My broker and I went to list a 20 acre parcel of peaches and a nice house on the same property.  My broker said that the value of the property is worth more when the house is sold separately from the land. In Tulare County (California) if you have owned a property for more than 10 years you can legally divide the house and up to 1.5 acres in to two parcels. This is what brokers refer to as a parcel split. The process takes up to four to six months with the help of an engineer. The process may take a little time but however the seller may profit more by splitting the house and agriculture and selling them separately. For example the property my broker was dealing with today together the house and crops are worth $275,000 without the parcel spread. But with the parcel spread being applied to the property the house is worth $160,000 and the crop being worth $180,000. See what a different a parcel spread can make when it comes to total profit!