Posted by dhermesc on April 09, 2009 at 06:22:31 from (24.248.193.103):
In Reply to: 560 value posted by anon on April 09, 2009 at 02:05:12:
Wide front and "restored" adds some to the value - I haven't seen one like that (restored) sell at auction - ever. For some reason the 560 just doesn't seem to attract the attention the Hs and Ms do for restorations and isn't as desirable for field work as a 656.
In my area (NE Kansas) a gas 560 in good shape goes for 2200-3000 and a diesel goes for 3000-4000. Add 20% or so for shiny paint to those numbers and you are treating your brother and sister pretty fair without screwing yourself.
What you'll find is your brother will ask a neighbor what the tractor is worth and he'll say $5000/$6000 and your brother will be mad thinking you shorted him. Ask the neighbor to PAY $5000 for the tractor and suddenly it won't be worth that - as they say, money talks and bull**** walks.
For that reason I've advised my mom to leave NOTHING to the kids except money (unless she decides that we've p***ed her off and she leaves it to a charity instead). Stipulate that everything is to be sold at auction - if the kids want it they can buy it so everything brings what its worth and then the money can be split up afterwards. You want the oak kitchen table, the fine china or Dad's Garand or tool chest be the last bidder and its yours - and you'll even get part of the money you paid for it back. Its a lot easier to split up a dollar than it is furniture.
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