family can complicate things. Make sure sale contracts are written down and signed (notarized is best). Treat it like a normal business transaction, only with more attention to detail. You and your uncle might be on good terms now, but between the unknown, other family members, or a surprise nursing home residency things can be ugly should your uncle no longer be able to verify it being sold to you. Should it be given to you, still write up a sale contract for a dollar! I have been a part of, read about, and heard about family transactions getting messy. I recall some guys on here about to lose their tractor over family issues. cover your butts!
location and demand drive prices. check auction sites, ag classifieds and dealer listings for your area. I bet the prices range 3 to 12 grand nationwide! if you can compare similar shape machines and average the price out, you will be close enough to deal.
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