GMN
Well-known member
Someone offered to buy your farm for a outrageous price, would you sell?
GMN
GMN
What if?
- Thread starter GMN
- Start date
TexasBred
Well-known member
GMN":1zq8ppr0 said:
Outrageous price? Probably so.....move right down the road and buy me another one. Might give me more to do.
bigbull338
Well-known member
some people love money more than they do land.an some people love the land more than money.me im the 1 that loves my land more than money.an if some1 offered me a large amount of money id tell them no sale.because the land has been in my family over 100yrs.an to me the land is my family roots.id rather die before i sell any of the farm.i take it some1 has offered to buy your farm. for a large amount of money.
shorty
Well-known member
Yes sir , send him around , the one where I live would go right away but the one where my cattle are , which has been in the family for almost 100 years I would have to really think about first.GMN":w81h56jo said:
novatech
Well-known member
For every action there is a reaction.
Real estate is a funny item when it sells as to the effect of price on surrounding property. Even if one piece sells to high it raises the value of the adjoining property to the same price.
A man came to our area several years ago and bought a place for an outrageous amount. Since that time all the property in the area has gone up in price to match. This is all well and good for the sellers. For the rest of us we just have to pay much, much higher property taxes.
By the way this fine fellow took good pasture and now raises his tax exempt polo ponies on it.
And yes I would sell mine too if someone wanted to pay to much.
Real estate is a funny item when it sells as to the effect of price on surrounding property. Even if one piece sells to high it raises the value of the adjoining property to the same price.
A man came to our area several years ago and bought a place for an outrageous amount. Since that time all the property in the area has gone up in price to match. This is all well and good for the sellers. For the rest of us we just have to pay much, much higher property taxes.
By the way this fine fellow took good pasture and now raises his tax exempt polo ponies on it.
And yes I would sell mine too if someone wanted to pay to much.
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backhoeboogie
Well-known member
kerley":3vy1geim said:
From the sounds of things, you ought to do that anyway
GMN
Well-known member
bigbull338":2erm5ke0 said:
No nothing like that, just me being curious as always!
What if it was a developer that offered to buy the farm, would you sell it to a developer vs. a private person?
GMN
L Weir
Well-known member
If I had a say I wouldn't. My parents own the land. We live in one house. They and my sister and bro in law live in the other house. I think my dad would. 1 Because the three farms around us are rented to bigger crop farmers. my husband and I tlked him out of renting ours last fall. We have the cattle, do the work, and own the equipment. 2 He likes money and likes doing less and less. If he did we would move to another farm far away from where we are now.
GMN
Well-known member
L Weir":2fegnzrh said:
Are you in the process of buying some of the land from him? Sounds like you should be, if you are doing all the work, etc.. Maybe getting your own place isn't such a bad idea, even if he doesn't someday sell. How does that work living so close to your family?
Gail
TexasBred
Well-known member
novatech":1nbze67c said:
Nova...unfortunately that's just the way the market works. Even tho it's somewhat of a false market created by an uninformed idiot buyer, it sets a precedent and others automatically raise their asking prices as well....a few years of "no sales" would bring it back down to earth but who's gonna let that happen???
About 5 years ago there was a family near Orlando, FL who were dead broke but land rich. They sold 5 acres to Elton John for an amount which I use to know but can’t remember at this point, they interned moved to South Alabama near Andalusia and the Florida line. They purchased over 300 acres that was fenced and had 6 year old planted pines on it. After the purchase they bulldozed the pines and reseeded grass for cattle. I guess some people just have a little luck.
1982vett
Well-known member
I think it would have to be an absurd amount of money. I live on part of what my Grandma and Grandpa bought in 1901. Dad was born in a house that used to sit in the backyard. I never moved far from home and moved back when he was no longer able to take care of the place. My sister, an uncle and his son own what I do not. I suppose at some point it will be sold as I am the the last that shows and interest in working the land but that will be up to someone else. For now I am comfortable where I am at and have no inclination to go somewhere else.
GMN":366uqms6 said:
I think it's up to what you want. It would be hard to sell the whole thing that someone had worked all his life to leave to someone that he hoped might carry on in his footsteps. That having been said, I saw him sell some and buy others. Either way there is positives and negatives.
You would probably think more about the negatives as we seem to do at times. I'd error to the method I was taught.
If you do. Create a ladder CD structure and establish cash flow with a portion and invest a smaller portion in a 80/20 or 60/40 stock/bond portfolio. Purchase what you want or need through loans paid by the interest earned. Try not to touch the principle. Interview about five or six finical planners. Choose two.
Jogeephus
Well-known member
I always figured everything was for sale. Always figured I actually believed that until someone offered me an outrageous price for some property I had bought. I just couldn't do it. I don't really know why I couldn't. Guess I'm not meant to be rich.
1982vett
Well-known member
Joggephus, I kind of figure we are all rich, we just don't have any money. ;-)Jogeephus":1mjumnum said:
I luv herfrds
Well-known member
GMN you asked if a person would be willing to sell to a developer vs. a private person. Well you forgot an extreme enviormental group. Got one east of us buying up ranches. They claim that they bought them because nobody else would. The land was way over priced and nobody around there could afford them.
Would we sell? I would say no. We are just under 20 years away from having the farm/ranch in our family for 100 years. Hubby and I already have our burial spot picked out. Too much blood, sweat and tears are invested into this place.
Would we sell? I would say no. We are just under 20 years away from having the farm/ranch in our family for 100 years. Hubby and I already have our burial spot picked out. Too much blood, sweat and tears are invested into this place.
stocky
Well-known member
GMN":2b1rvasa said:
Nope
bigbull338
Well-known member
im sitting on 400acs thats been our family 110yrs.an if i ever got dumb enough to sell it.id feel that i had betrayed my great great granpa.the truth is i love the land more than i do family.i have a bro that says the land is no good for nothing.but the good thing is my neices an nephews want the land.the land has been in our family for a 110yrs or moreGMN":1b2z5m0s said:
