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OT Buying acreage/home


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Posted by matthies on January 01, 2010 at 09:20:53 from (12.10.27.156):

What would be some of the things to watch for and ask. First time purchasing anything other than a vehicle. Living on an acreage now and raised on farm before. Thirty eight years old with wife and two kids. I do a little tractor repair for extra work and work as a mechanic for roads department, wife works also. Haven't looked at the house yet but looks good, plenty of out buildings and is 15 acres total. Land is rolling hills all grass/pasture and good windbreaks. One friend asked if there was a loan against it, and don't know yet. Seller bought it in 2003 for $131,000. Hes asking 170 now wanted 180 a year ago. I know land has gone up and he hasn't done much to the place. And seems around here the people with horses are thinning out. Would like to know you've run into when purchasing. This would give me a little more room for working a 42 and 37 JD A, Moline 4 star, and my 42 IH H. thanks chris


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