biz of any kind with relatives is tricky. As you were the one who "dug it out of the shed" he should be thankful you did. I have no idea what its worth but this is how transactions with "unknowns" with friends or relatives where i know more about the item then they do. agree what the price is if everything is in working order. List what we know isnt and what it will cost to fix. List anything we are worried about. Then come to a price we agree on. Agree to split the net profit after i get some labor IF i sell it afterwards. If i am keeping it then i expect some family goodwill. where the resentment comes from is when the seller feels the buyer who is more knowledgable took advantage. alot of effort but worth it if you want to keep on good terms with the selling relative. Full disclosure, i avoid most of my relatives! Pete
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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