Real Estate Finance Advice Needed

BUT , as things are kind of simmering, as it were, right now, Id like to leave it that way till early spring/late winter. IF somebody buys it before that, Oh Well, Wont be the first. Likely wont be the last. I just don't want to have to move to a place with no house on it in the dead of winter. Have a bunch of my stuff moved up there, and yet having to live here. my DD and X said I could live with them tho, so it wouldn't be impossible, I just hate to be a bother to them. X lives in a retirement home with a small apt, and DD lives in a SMALL house with hubby and 3 kids.

Got to thinking. Whats the chances, IF I were able to wrangle a variance out of the c ity, that they could/would re grab it back in a few years?

Go for it. As evidence by that pile of horse crap you said was there you should fit right in.

Anyone else tired of this endless search that just goes in a dead end circle?

Bill You never take the advice that is handed out anyway so why keep asking.

By agent, are you referring to a realtor, who would help guide you through the purchase process or are you referring to the owner of the property?

The property you're looking at might be different, but in my area, not many towns will consider a variance that will allow livestock within town limits, mainly due to the problems with development and growth, in the sense that it's hard to build a city around a farmstead and folks that live in subdivisions aren't too keen on livestock as neighbors.

Those that suggest the property owner may have had established grandfathered rights to keep livestock or zoning may be why they want to sell. I do know that I would not consider horse manure to be an indicator of zoning regulations.

By varience I took that to mean the city would let the property go back to being agricultural.

A variance is a legal way to allow for land to be used in a way it is not zoned for so it's not really a matter of just getting it changed back. If you are unable to have livestock, are you also prevented from farming the land?


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yes, that's what a guy from the city said.

Have you thought of the possibility that the previous owners got in trouble for having animals there & that's why it's up for sale now ?

the zoning will probably stay as it is. A variance means that the zoning will stay as it is excepting for allowing you to have x number of cows, or whatever you are asking for.

Bill, I have another chore for you. Please call up the zoning office one more time, and ask them if they have any requirements for homes. Some places will allow small homes and others will not. Some places will allow mobile homes and some will not.

And, in your plans, remember that it usually takes 1-2 months to get the papers signed AFTER the agreement is made! Banks do not work very fast. So, if things get sorted out and an agreement is made in January, you should have access to the property in the spring.

Ok, this is totally unrelated to the question posed in the thread, but I think its good sound advice either way... you might want to learn how to cook and bake. Wimmins are often quite impressed with a man that knows how to feed them.

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Bill, You need to find a place with a home/trailer already on it. You are looking at places with no money down. The bank will dig deep into all of you expenses. they will ask where you will live and what will you tell them? The barn? That wont fly. Then when you tell them you will get a trailer, thats another expense they will add into your budget and you wont get the loan.

Just find a place with a home/trailer on it. Even if it needs work. Or make sure its low enough you will be adding in the expense of a trailer into the loan. they will not loan you money without one, I guarantee it.. You will also be happy and more comfortable.

Did you find out about the tax auctions yet in the area your looking at? You can find places dirt cheap and as long as your pre-approved you can get a loan on them. Call their local county clerk and she will send you the list. You can then drive up and look at all the places on the list. I've bought a few good deals through our tax auctions here and I see some with plenty of acreage, you'd be surprised.

The variance that you are seeking will be a use variance. I'm not sure about the municipality that the land resides in, but in my city, the variance remains with the property as long as the use remains unbroken. In other words...As long as someone continues to use the property for the same type of thing, then the variance remains in place.

Some city/town zoning boards will word the variance very strictly by specifying exactly how many goats, chickens, cows or whatever will be allowed on the premises. They may stipulate that no slaughtering be handled on site or that certain other activities only occur between certain hours.

Other zoning boards might just rubber stamp your request by saying that they are granting you the right to farm on the property without imposing stipulations. This is far superior to one that has a lot of stipulations.

So while you might have wanted to raise some chickens and 10 goats, you could do that. If you sold the farm to someone else who wanted to raise 100 pigs and slaughter them onsite, they could also do that without going back to the zoning board because the existing variance says that farm animals may be raised on the premises.

A variance with a lot of stipulations would need to be modified by the zoning board to address the new uses of raising pigs and slaughtering. There is no way to determine in advance what the zoning board will decide or if their decision will involve a lot of stipulations.

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Thanks again. I got my DD to copy your earlier posting and ill keep it till the times right in the early spring to persue it again if its still open. I don't know how to bring stuff back after its been long gone. Thanks again.

Oh Terri good thinking, I never thought of them possibly not allowing a mobile home

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yep never thought of that either. COURSE I think in this case, the bank is doing the nothing down to help out the owner who, seems to have some small amount of clout, or maybe perceived clout in my mind. The bank has to already know the place has no house on it, or they might not be willing to make such a loan. That don't make no sense rereading the last. ill try again
I would think the bank would know all about the place, and that it didn't have a house on it.

The bank would know there is no house at some point but they are in the business of lending money. Details like zoning and what kind of residence you put on the land is not their concern unless you borrow money for those things,


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That's kinda what I thought.

FBB, banks are mainly concerned with if you can make your payments and if you don't, they want to know that if they have to foreclose, they can resell the land at an not lose money.

I know you're not fond of the idea of using a realtor but in this case, it would be a very good idea. They can guide you through the details and prevent you from ending up someplace totally unsuitable for your needs.

I got 2 TWO realitors at present. I talk my thoughts on here cause
#1 I want to get your openions so that I don't sound like a COMPLETE idiot, just a partial one lol
#2 I cant hear on the phone that well, ESPECIALLY with women talking.
I had trouble with my internet this morning. Called Hughes Net. Got a woman not necessarily of this country. I know I exasperated her by the time we got finished.

My realitors continually tell me on Fri through the net what is open in my price range. They've currently only got one, and its 78,000. Way OUT of my range

The 6 I mentioned earlier I found out yesterday has nol buildings on it for $33, No Go. I would have paid that had there been a barn and or outbuildings on it. AND NO creek running through it, AND NO pond.

This place came due cause the realitor is a friend of the owner, as appairantly is somebody at the bank. Why my realitors didn't know of it, I don't know. Likely some quiet deal where she put up her companys sign, but the ph calls were directed to her so that (assuming) the owner wouldn't have to pay as much if the company handled it. ???I don't know whaat the deal is.