Update on Spring Land Sales!

[LEP]

SF3 We have the same thing going on, but I have decided that it may be a few years
before we get any more land.

It would be very frustrating for a young farmer anxious to build an operation, but I
have a decent size farm and will wait until the outside interests lose interest.

As you stated in a previous post it has happened before, and came and went, so likely
will again.

In the mean time I will keep some powder dry.

[LEP]

SF3 We have the same thing going on, but I have decided that it may be a few years
before we get any more land.

It would be very frustrating for a young farmer anxious to build an operation, but I
have a decent size farm and will wait until the outside interests lose interest.

As you stated in a previous post it has happened before, and came and went, so likely
will again.

In the mean time I will keep some powder dry.

[SASKFARMER3]

We to have held off purchases. The one we
wanted was 8 quarters that would have gave
me 31 in a block. Was tough to tell the
real estate agent to go to hell. Now the
guy maybe isn't getting paid what he
thought in spring he was getting. Sitting
and waiting I think is good. Nothing
increase from 80 to 350 in one winter.
Sorry Remax your full of shit.

[Hopperbin]

Sask3 do I have this correct the guy that sold though the realestate agent only got a down payment and realestate agent of course has his money locked in cause the the realestate agent secures that down payment money from the seller for his own payment so the seller may get nothing out of a down payment could actually get nothing. The rest of the money was supposed to come later but is not apparently. In a case like this usually in the lawyer agreement which typically has not much to do with the realestate agent, the land goes back to the origional seller because of default of payment that is the way I have always written it up anyway on land sales made over 2 years or more payments to the seller. I totally agree with you as we do not need these realestate agents and should really run them out of town. Really opens peoples eyes to what a realestate agent does for you really nothing in some cases. Especially on a land deal.

[Hopperbin]

In a way it is the sellers fault. Sask3 these guys that sell are they really that green at deals? They should have secured more money and had the entire land given back to them if there is a payment default.

[Hopperbin]

Something too good to be true usually is. Should have set off alarm bells.

[Hopperbin]

On the other hand late payment could be just handled with interest payments from the buyer also in which he may be allowed to default on. Could get nasty.
Sask3 that particular land may actually sit idle for many years.

[Hopperbin]

Now what if the seller dies, or the buyer dies, don't want to go there.

[Hopperbin]

Come to think of it Sask3 you don't really need this land right but you would like to have it cause it is in the block, Scenario one if it is in the hands of the new owner leave it sit idle, if seller has it buy it or rent it.

[SASKFARMER3]

All good points, I agree the real estate agent is
offering up so much BS and a few believed him.
When a deal is to good to be true it probably is.
One of the three is green on dealings like this. His
lawyer should have warned him. Dad sat by a
quarter for four years that never got seeded or
worked in the 60 s we own it today. Patience!

[newguy]

probably 150 quarters around here got sold paid for and rented . Have not heard of any problems. People selling to highest bidder and young farmers renting big bunches of land to get started farming. And yes things could go bad for young farmers but no risk than it has been in the past. Big farmers around here were done in august this year and now finishing up fall work and looking for more land.

[SASKFARMER3]

And we're is this new guy.