One thing to consider is a land contract carries a little more headache for the seller
BUT
A lot of starting young farmers have a heck of a time coming up with the full cash or loan to buy a farm early in life.
A lot of you older guys on this board b*tch about the younger guys and there need for 'instant gratification', from my eyes a lot of that is in the older generations as well.
If you just want a check and don't give a cr*p who owns it, auction it off.
If you think it would be nice to get a younger guy or family on it, contract sale it to someone who you would like to see own it.
Just an example, do 10% down to secure a little $$$. Do a 20 year payment schedule, if you don't want to wait 20 year to get all the money, do a ballon payment in 5-7 years (whenever it should have enough equity for the buyer to get bank financing)
Its a little more headache for the seller, but the money can be equal or a bit higher to an auction price.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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