Posted by Bruce from Can. on February 27, 2014 at 15:05:57 from (70.24.140.181):
In Reply to: finding a farm posted by missin fingers on February 27, 2014 at 08:15:28:
I bought my home farm in 2004. It was listed in real estate for 3 years , I looked at it twice over that time. When we put in an offer , it was less than the asking price, but still in fair range of what the seller would consider. They didn't take our first offer ,so we had to negotiate. The price in our offer did not change, it was the terms under which we purchased that changed. Write more into your offer than you expect to get, and if it is refused ,you can give up some of the terms. Then the seller fells they have won something over you the buyer. eg. selling price must include the IH tractor and plough. They say not for that price , and you counter , OK same price with out the equipment. Suddenly the seller gets a feeling of control. Buying and selling is a mind game. When we bought the next farm in2010 , the seller tried to sell to all his neighbours for a price of $650,000.00 , no one was intrested , so he listed it for the same. I called a real estate agent , not the listing agent , and put in and offer of $450,000.oo with no conditions , and was turned down. Next offer was full of conditions , eg they had to leave behind the 2010 hay crop stored in the barn full fuel oil tank ect. and the offer was $490,000.00 . with some more wheeling and dealing our price was taken. Be patient , and business like , you will find a farm you will like, and at a price that is fair to both the buyer and the seller.
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