Put in an offer...

V-NH · #1 07/06/14, 08:31 PM

My wife and I just put in an offer on a working goat farm. It is split into a 9 acre parcel with a house and a 34 acre parcel across the street. We don't plan for it to continue being a working farm because we both have 50+ hour per week jobs, but we're excited to have a bigger area for our goats and chickens and plenty of room to expand our garden and maybe pick up a couple more animals over time.

The house is from 1800 but is in largely good condition and only in need of some cosmetic repairs. The cellar is made up of stone walls and a dirt floor, which is very different from what we are used to in our current home (we have a finished basement) but will work well for storing food.

Should be interesting to see if our offer is accepted!

Cyngbaeld · #2 07/06/14, 08:55 PM

Good luck! Sounds exciting!

Doug Hodges · #3 07/06/14, 11:11 PM

Fingers crossed....

wintrrwolf · #4 07/07/14, 12:28 PM

WOW 1800's and still in good shape, they just don't make things now like they used too.
Like our house is 108 years old and soon I will be crawling about under it in the crawl space jacking area's back up with bottle jacks and making it all level again...all I can think about is spiders!!!

Good luck!

Backfourty,MI. · #5 07/07/14, 10:43 PM

Sounds like it's very nice, wishing you good luck!

DamnearaFarm · #6 07/08/14, 03:00 PM

Crossin' my fingers for you! And if you get it.....pictures!!!

Suzyq2u · #7 07/08/14, 03:34 PM

Exciting!

Good luck!

V-NH · #8 07/08/14, 07:42 PM

First offer was rejected. Going to put in a second offer tomorrow night. We offered their asking price, but asked for a couple of things in return. This farm has been on the market for over a year, so I'm hoping they're not the "no concessions" type. Thanks for all of the wishes of luck!

Frosted Mini's · #9 07/08/14, 07:52 PM

I used to live in a 100+ year old cabin in Jackson Hole that was actually a historical site. Man was that cool!

V-NH · #10 07/08/14, 08:01 PM

That sounds awesome, Frosted Minis!

I just spoke with my realtor. Correction to the above... it has actually been on the market for two years.

CraterCove · #11 07/08/14, 08:23 PM

Quote:

Originally Posted by V-NH

That sounds awesome, Frosted Minis!

I just spoke with my realtor. Correction to the above... it has actually been on the market for two years.

If you can find a list of comps in your area that support your first offer and they still want more I'd go ahead and sit back and let them simmer until winter if it's possible. A lot of properties are very specialized and only appeal to a certain buyer and there are some people who expect you to pay a price for their feelings and memories which, while I'd love to do it, I can't afford to. lol

We just got a property that was listed at 275k for 190 because we did our research and made sure we knew the local market thoroughly. If they've been up that long there's a good reason. The house we just got was a bank owned property though so it was all about the numbers to them.

That is my amateur Real Estate Market opinion. :P The deal of the century comes along every couple of months.

I will wish you guys the very best of luck!

V-NH · #12 07/08/14, 09:08 PM

Yah, I think this is one of those properties. I'm not sure what is up with them, because I offered what they asked for. I will make a second offer then back off and see if they come to their senses.

myheaven · #13 07/10/14, 03:18 PM

Stupid you were at their asking price and they rejected it with a couple exceptions. Good luck with these people.

V-NH · #14 07/10/14, 07:53 PM

Still considering options with this property. They don't really want to budge and I don't completely blame them. The property was valued at a half a million dollars before the recession, now is it going for half that. We'll see how it pans out. They don't want to agree to anything until our house is under agreement, so even if we make an offer and put a big deposit down they're going to keep showing it and as soon as they get an offer they can live with they're going to take it. I don't blame them for that, it is the rational thing to do, but I would think that after two years on the market they would jump at the opportunity to sell it to someone, even if they have to wait a few months to do so. I'm reconsidering making another offer because I don't want to be tied up in a property with no guarantee that I am even going to get to buy it. We asked them to accept our offer for their full asking price with the contingency that we have to get our house sold within 3 months. They said no and I'm not a gambling man.

Doug Hodges · #15 07/10/14, 08:31 PM

Wow. That's foolish on their part. If it was fresh on the market then no but 2 years??????? Jeez

Frosted Mini's · #16 07/10/14, 09:24 PM

Now you know why it has been for sale so long...they are picky picky picky with the buyers, apparently.