Re: OT - Buying a farm

Posted by raytasch-TN on January 17, 2007 at 15:46:08 from (67.54.232.79):

In Reply to: OT - Buying a farm posted by Dave H (MI) on January 17, 2007 at 12:52:07:

Sounds somewhat like a property I recently sold in FL. A sizable chunk of acreage for the area, ag zoning with a pole barn and older house that had been remodeled several times. The buyer was buying the land, the house and barn value was secondary. The property was sold "as is" so as to minimize the BS that goes with a house inspection. Of course, there was the usual disclosure but the contract was approved by buyers attorney, so there was no question as to what we were transferring. A commercial appraisal substantiated the price.
I would mandate a survey or at least have line and corner stakes located. A neighbor's fence had encroched onto my property three feet in the middle of one long line and the neighbor agreed to move it. Meet the neighbors.
'Till everyone signs the paperwork all things are negotiable-------unless the local government has its nose stuck where it does not belong.
Enjoy it,
ray

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