Buying our first farm update.

Posted by JohnDeereJimOhio on April 08, 2013 at 05:25:08 from (204.9.147.16):

A while back I posted that we were looking into buying my better half's family farm owned by her grandmother. Its 80 acres with 50 or so being tillable and 30 woods. It is pretty fertile ground next to a decent size creek. Her father who is the power of attorney for grandmother and in charge of the estate told us 2 weeks ago that we needed to get our finances lined up and he would tell his brothers and sisters. But as long as we could get the deal done it was a go. Well long story short. We were able to get the financing through my brother who does real estate and land deals. We went to FIL house yesterday and explained that we had the cash to buy it..We offered to pay 40k more than what they were offered 6 years ago. His tune changed a little bit when we said we had cash to go ahead and buy it. He then told us to give him a week to call all his brothers and sisters (8) none of them have anything to do with the farm or coming around the place. We are hoping it goes through but I am skeptical now. He made it sound like a sure thing and if we got the money it was a done deal. On one hand I think the family would want to keep it within their family. However like I said no one has anything to do with it besides her dad. I'm afraid they will say no and take their chance at an auction. Does anyone have any advice on this? I guess at this point it is a waiting game and just sees how it plays out. I will be pretty let down if the deal doesn't go through...

Replies:

• Re: Buying our first farm update. casenut1 07:17:41 04/09/13 (0)
• Re: Buying our first farm update. Frank 41 19:10:31 04/08/13 (0)
• Re: Buying our first farm update. MarkB_MI 18:34:24 04/08/13 (0)
• Re: Buying our first farm update. David G 16:20:24 04/08/13 (0)
• Re: Buying our first farm update. Retired Farmer 13:41:39 04/08/13 (0)
• Re: Buying our first farm update. steve_in_mo 12:48:49 04/08/13 (0)
• Re: Buying our first farm update. Bob Bancroft 09:51:49 04/08/13 (0)
• Re: Buying our first farm update. Rick Kr 09:32:37 04/08/13 (0)
• Re: Buying our first farm update. oldtanker 08:42:03 04/08/13 (0)
• Re: Buying our first farm update. jocco 07:42:35 04/08/13 (0)
• Re: Buying our first farm update. DeltaRed 07:33:38 04/08/13 (0)
• Re: Buying our first farm update. evilboweivel 06:44:32 04/08/13 (0)
• Re: Buying our first farm update. rusted nuts 06:13:10 04/08/13 (0)
• Re: Buying our first farm update. David G 05:55:33 04/08/13 (0)
• Re: Buying our first farm update. thompson mike 05:50:45 04/08/13 (2)
  • Re: Buying our first farm update. glen sw wi 06:02:11 04/08/13 (1)
    • Re: Buying our first farm update. DoubleR 07:39:22 04/08/13 (0)

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