Real estate People do we need them!

[SASKFARMER3]

Well here is where I see the problem
with all these land sales. Real Estate
people.
1. Cold call on Farmers that have No
kids or Almost broke or Never moved
ahead!
2. Promise them the world. Even if their
farm is So so never fert or cont seeding
and never used roundup, etc.
3. Have them sign the farm over to their
care. Ok sign that the farmer cant ask
any one else to buy the land.
4. Have investors waiting in wings.
5. 5% on a Mill is $50,000.00 for doing
what.
6. ALL or Nothing!!!!!!!!!!!!!!!!!!!
7. Rent will be $40.00 an acre back to
Farmer!!!!!!!! Dah!
8. Plus Taxes!!!!
9. Total price Minus the Sloughs etc.
GPS, yet to neighbor its so much a
quarter!
10. Since its a signed deal you then
here, No one local came to bat so your
1st offer is your Best offer.
Deal is done farmer gets $150,000.00 now
10% minus the Realestate Fee of
$75,000.00 and in November the Money
arrives!
Neighbors its Cash or check in 30 Days.
Have two days to say yes or No.

1st offer from Realestate, Ok before
signing.
2 mill Easily get, Guy goes to neighbors
they all say No. Remember this is 10
miles away and more rolling with
Sloughs, wet years are not the lands
friends.
After signing one offer from Vancouver
1.5 for the nine.
Minus $75 farmer takes 1.425 $158,333 a
quarter.
Offer to Neigbors 222,000 a quarter.
No takers
Reality farmer got what all were
offering with all deductions taken off!
So my point is why the need for a
Realestate Agent. Oh another form of
Leach!
All one needs is a Lawyer to handle the
paper work and done deal, Lawyer gets
couple thousand.
No Brainer.

Had one home in begining I used a
Realestate agent in Saskatoon. Yea your
first offer is your best BS.
Since sold and purchase homes by Owner.
NEVER A PROBLEM!

[wheatking16]

SF3, I enjoy your contributions to this Forum,
however, postings like this one are extremely
difficult to read and understand.

[wheatking16]

SF3, I enjoy your contributions to this Forum,
however, postings like this one are extremely
difficult to read and understand.

[ajl]

The only way you can fight this is by
doing this: Find out who the Vancouver
people are, sell them your poorest land
with lease back, then when better land is
available, you give up the lease.

[SASKFARMER3]

Wheat King Sorry this whole spring has
caused me to rethink my farm goals and
fast!
New reality some one always has bigger
toys so usually your better to go home
than fight the monster!
DEEP pockets it doesnt pay to fight them
I will loose, I know!
Sad any young guy is now pouched in our
area. 79 quarters gone to Chinese in a
10 mile radius! THats almost 13 thousand
acres.
But my point today is do farmers really
get the best deal using a Real Estate
Agent. By the above comparison NO.
Their were 4 of us that were willing to
buy it before he signed.
Any way! Going to Rona to buy lumber
probably should start building the ARK!

[hobbyfrmr]

Ajl, that is good thinking. Although this may give
the impression that the SF 3 farm is Almost broke,
as described in #2 from original post. Then, more
than ever, the neighborhood thinks that SF3
cannot afford to buy any more land and is selling
because he has to. Saskatchewn psychology .

[oneoff]

When an issue appears long and complicated; try rereading it in small chunks.
I was once told by an editor that the history of the world since the stone age can be condensed to a single sentence.
And so it can. It will satisfy all the cell phone texters out there.

Otherwise, it is but a waste of a few words.

[SASKFARMER3]

I'm For sure not broke. I have all the guys seed
cleaned in my bins and drills their to seed him.
The sneaky real estate snow balled him. 4 of us
met last week and would have cleaned him out in
30 days with money not wait till fall. Same price.
So again is their a need for these guys? It's not
about me, it's should farmers sell using them?

[carebear300]

I guess it is up to the individual, everyone's circumstance is different. Some areas have a sufficient number of local buyers to make an equitable transaction possible. In other areas it actually helps to drive up the price for the seller, in our area up to 15 per cent higher in the last year. So likely a good thing if you are selling. After all the above I have always up until now considered real estate sales people as useless leaches in the system, that don't do a whole bunch and make a bunch of money quick. I guess I haven't done anything to enhance the discussion and should maybe have just pressed the delete button. Dam I just hate this weather it is driving me even crazier. lol

[ALLFARMER]

The route I see is by going auction. Find some
smaller auction co who will do the auction for
cheap and agree to work together on advertising.
Set auction 2 months out and let guys get
financing / figuring and moving some grain or
cattle done. The last land auction here everone
figured 285 / quarter tops. Then bang set the
market way higher 395k quarter and ya took 3 at
that price. No complaining neighbors after the
sale .... everyone knew, had time to think it over
and had the chance. No .... O I would have paid
you more....

[oneoff]

There are reasons why people make decisions the way they do. It ranges all the way from being snookered by a con artist scam; all the way to a thoughful deliberate decision.

Are you sure that you haven't overlooked some of those reasons.
I sometimes have detected that sellers are turned off by a pushy arrogant attitude of a purchaser who believes they have full right to cherry pick what they desire from someone else's property.
Sometimes that means that your chances are way less than zero percent.
Too bad, but that is anyone's perogative; especially if you truly believe in property rights and free enterprise.

[furrowtickler]

Funny, see the same thing here. Who would have thunk eh??

[oneoff]

Your description can be perceived in several different ways.

"4 of us
met last week and would have cleaned him out in
30 days with money not wait till fall."

One interpretation could be that four farmers collaborated to divide up someone else's property. There were not four bidders; there was a collusion to limit bidding.
That could be seen as offensive; and borderline; if not downright illegal; and possibly the reason anyone not connected would have been given first chance.
Just a posibility; as I've seen it happen before. Warmed my heart too.

[Hopperbin]

Also sounds fishy, in one sentense you said the land was pot holes and not good in a wet year lower value, then after someone else buys you said you would have paid that price of top dollar. I am sure if look back a few years at your posts this land value was 50,000 per quarter. If you would openly state to the nieghbours maybe advertise in the local newspaper that you are looking for land and paying top dollar they or you both can pocket the realestate fees. The realestate fees are entirely the sellers cost, plus still need the lawyer yet so that is another cost. Some sellers may not realize that there is also lawyer fees. Land prices have just risen so fast that us locals are not bidding enough. Maybe the land is not worth that much. Maybe these investors just have too much money, they don't care to blow it, just want to move here. Also you don't know the selling price, isn't that all secret in fact? Is it even more or less than the stated price? I do think realestate agents are leaches and am surprised they are still in business now a days with the use of computor kijiji sort of system could put them out of business overnight. I believe they are over charging for their fees.

[bucket]

Or maybe your neighbor really didn't like you SF3.

If he is that much of a prick, keep the grain that's in your bins. At least make it difficult and point out the services you provided as goodwill.