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Buying more land
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Posted by Dave from MN on June 05, 2007 at 14:44:25 from (67.133.91.236):
Neighbor has 20 acres adjacent to mine for sale, he is giving me first chance, I guess I need to buy due to the fact I really DO NOT want a house going up so close to my barn, Feedlot distance for this area is now 660'. And apparently the measure from the actual barn., not the land. Any way, He is asking less than the average price of comparable land in this area, land across the road sold 75 acres for $9000 and acre, this person is offering this 20 to me for $7000 and acre, if I dont buy he is gonna ask between 8 and 12 K and acre and call that guy that is putting in that development across the road. Land isnt getting any cheaper is it? So do I keep the 2- 10 acre plots seperate from my main 40, or is it better to make it all one 60 acre peice, one reason i am asking is that I may be paying cash for the one 10 and I do not know if I want it under the farm loan land. Cause you never know these days. Any advice, sorry my post are always soo long
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