Posted by VaTom on January 07, 2015 at 09:32:11 from (70.32.219.33):
In Reply to: Buying Land posted by picassomcp on January 07, 2015 at 08:53:15:
I've never bought land that didn't pay for itself, but cropland I know nothing about.
If you have a specific area in mind, send letters to the registered (tax bill address) owners expressing your interest. I've done that, gotten several favorable responses, though no closings so far.
Seller financing can solve a lot of problems, for both buyer and seller. Just be prepared to pay a higher interest rate than today's standard. For my first Va purchase I got the seller to accept 3% down, just enough to cover his legal fees. As part of the same deal, he agreed to allow me to sell half the acreage and keep the entire amount.
Sound fishy? He knew what my plan for the property was, and knew that the cash improvements I was putting into the property would more than cover his risk of having fewer acres if he had to foreclose. It wasn't a simple agreement, but it worked perfectly for both sides.
Determine what's a good deal for both sides and you have a good shot at getting what you need. BTW, I've never found this possible if Realtors are in between buyer and seller. Maybe why you're seeing sales without them.
Nothing wrong with Realtors, other than they're like anybody else, many prefer to do as little as possible. Sometimes they confuse the issues. I was licensed for more than a few years.
Figure out your business plan and proceed accordingly. If a property doesn't fit, keep looking.
Good luck. One caution: never get your heart set on a particular piece. Almost never works out.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
... [Read Article]
Latest Ad:
2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
