Not cow related

L&Jfarms · #1 01/17/10, 10:37 PM

So i am looking to buy a farm of my own hear soon so i have to ask... I have this neighbor down the road from my family farm. It is owned by a older single man. He is 79 and he has no family members that i know of that would take the farm over.
So i was wondering what i should do to let him know that i would like to some day buy it from him. Do you think i can wright him a letter? Or should i just pay him a visit? What do you think?

tinknal · #2 01/17/10, 10:40 PM

Quote:

Originally Posted by L&Jfarms

So i am looking to buy a farm of my own hear soon so i have to ask... I have this neighbor down the road from my family farm. It is owned by a older single man. He is 79 and he has no family members that i know of that would take the farm over.
So i was wondering what i should do to let him know that i would like to some day buy it from him. Do you think i can wright him a letter? Or should i just pay him a visit? What do you think?

Heck, I'd marry the guy!

FarmerChick · #3 01/17/10, 10:40 PM

Pay him a visit. It gives him a chance to chat with you about his farm. I am sure he has many memories associated with it.

Letters don't give that personal touch that a smile and handshake would give him.

And with a chat you can learn if it is willed to someone in his family, etc. knowing that you have a true chance or not of getting it.

Plus you might find a great new friend in the visit!

tinknal · #4 01/17/10, 11:06 PM

Quote:

Originally Posted by FarmerChick

Pay him a visit. It gives him a chance to chat with you about his farm. I am sure he has many memories associated with it.

Letters don't give that personal touch that a smile and handshake would give him.

And with a chat you can learn if it is willed to someone in his family, etc. knowing that you have a true chance or not of getting it.

Plus you might find a great new friend in the visit!

I still think she should sleep with the guy.............

FarmerChick · #5 01/17/10, 11:10 PM

LOL-LOL

I would need to know how many acres first...before it got that far..HAHAHA

agmantoo · #6 01/17/10, 11:20 PM

1...visit in person
2...comment favorably on the property
3...acknowledge that should it ever go on the market you would like first refusal
4...take with you a letter for him to put in his personal papers containing your interest and contact information
5...thank him for his time
6...ask if it is OK if you stop by from time to time
7...wish him good health and thank him for his hospitality
8... drive away slowly

You may be surprised how this could work for you. I can recall how I have had this to benefit me not less than 3 times. I just closed a few months ago on a small tree farm. Out of the blue, a widow had a person to contact me based on finding a similar letter as I described above in her late husbands paperwork. Always remain prepared to accept an offer to sell by completing an "offer to purchase and contract" that you have notarized and giving a deposit. I carry an "Offer to purchase and contract" form in my vehicle. Allow yourself plenty of time to arrange financing and/or an escape clause.

tinknal · #7 01/17/10, 11:48 PM

Quote:

Originally Posted by FarmerChick

LOL-LOL

I would need to know how many acres first...before it got that far..HAHAHA

Not to mention how healthy he is............
One week with a guy with one foot on a grave and one foot on a banana peel, or 30 years with Grizzly Adams with snoose stains on his beard,.......

Ronney · #8 01/18/10, 04:46 AM

Apart from marrying the chap

I would do exactly as FarmerChick and Agman have suggested - I would also take a notebook because if he willing to have your company, he will have a wealth of knowledge and history behind him. It may be all for nothing but hey, you might make a good friend. I love elderly people.

Cheers,
Ronnie

FarmerChick · #9 01/18/10, 06:04 AM

Quote:

Originally Posted by tinknal

Not to mention how healthy he is............
One week with a guy with one foot on a grave and one foot on a banana peel, or 30 years with Grizzly Adams with snoose stains on his beard,.......

Then be sure you get the will changed fast to show you own everything!

Yikes--with that description there better be cash in the bank also!

springvalley · #10 01/18/10, 06:36 AM

you guys ever think, older single man, no family, maybe he`s gay, maybe you need to send down your cute,hunky brother to ask? Sorry that was wrong! but yes stop and talk, tell him how much you like his place, and what he plans to do when he gets older and put it all on the table. whats the worst that can happen, he throw you out and tell you never to step foot on his farm again or he will shoot you. Guess that would be.Good luck, hope next time you write you have stopped and made a new friend and maybe on the way to getting a place of your own. Thanks Marc.

Callieslamb · #11 01/18/10, 07:44 AM

Nothing ventured, nothing gained. I want a couple more acres of land - maybe even 5. I went to one neighbor with a loaf of bread and plate of cookies. Yes, she has land she would LOVE to sell. But it's leased. We are working on buying the guy out of his lease.

All he can do is run you off with a shotgun.....LOL!!! What happens if he says "No"? At least you can get on with another plan. Be prepared for him to not be ready to sell. Old farmers usually can't imagine living without their land.

2Horse · #12 01/18/10, 12:12 PM

Quote:

Originally Posted by Callieslamb

Nothing ventured, nothing gained. I want a couple more acres of land - maybe even 5. I went to one neighbor with a loaf of bread and plate of cookies. Yes, she has land she would LOVE to sell. But it's leased. We are working on buying the guy out of his lease.

All he can do is run you off with a shotgun.....LOL!!! What happens if he says "No"? At least you can get on with another plan. Be prepared for him to not be ready to sell. Old farmers usually can't imagine living without their land.

I think you can still buy it with the lease, but the lease then transfers to you, and you get paid whatever the lease money is in the remaining time.

Like someone buying an apartment complex...usually the new owner takes over the lease/rents.

I'm not for certain, so I'd look into it if you're intersted.

francismilker · #13 01/22/10, 01:40 PM

I might suggest to do it as Agman suggested but not on the first visit. I'd get to know the fellow first. It might seem as if you're a "deal seeker" if you introduce yourself and offer to buy on the same visit. Just be neighborly. Extend the offer to help out as neighbors do from time to time. Although you may not want to wait that long, it may take months or even years for a deal to happen.

The place that I now live on is 80 acres that I commented, "man, I'd like to have this place, it's awesome" several years ago. I never said anymore until the lady that owned it called me and asked if I was interested. You never know.