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Post by smsmith on Nov 4, 2021 13:02:57 GMT -6
Today's cattle fiasco is making me think about pursuing a purchase of a neighboring parcel. The parcel is 60 acres. 10-11 acres touch my place. The old homestead and a bunch of farm/automotive junk still sits there. The rest of the acreage is on the other side of the road. That piece is wooded pasture (mainly pasture). There's plenty of old buildings and farm equipment/junk of all kinds over there too.
I don't really want to own the acreage, but it may be a good decision to prevent future home encroachment. I imagine I could make a few bucks off the scrap (maybe?). I don't know what I'd be required to do with the old homestead. He's doing nothing with it, so maybe I could also just let it rot away?
I've toyed with attempting to purchase the parcel, having it surveyed, then splitting it into two pieces. The piece on my side would get added to my acreage. The piece on the other side of the road I could either sell outright and recoup a fair amount of the total purchase, or rent out for pasture (or keep and let it become old field habitat...may become really good deer hunting in a few years).
Just for shits and giggles...what would you guys do?
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Post by Freeborn on Nov 4, 2021 13:06:48 GMT -6
Today's cattle fiasco is making me think about pursuing a purchase of a neighboring parcel. The parcel is 60 acres. 10-11 acres touch my place. The old homestead and a bunch of farm/automotive junk still sits there. The rest of the acreage is on the other side of the road. That piece is wooded pasture (mainly pasture). There's plenty of old buildings and farm equipment/junk of all kinds over there too. I don't really want to own the acreage, but it may be a good decision to prevent future home encroachment. I imagine I could make a few bucks off the scrap (maybe?). I don't know what I'd be required to do with the old homestead. He's doing nothing with it, so maybe I could also just let it rot away? I've toyed with attempting to purchase the parcel, having it surveyed, then splitting it into two pieces. The piece on my side would get added to my acreage. The piece on the other side of the road I could either sell outright and recoup a fair amount of the total purchase, or rent out for pasture (or keep and let it become old field habitat...may become really good deer hunting in a few years). Just for shits and giggles...what would you guys do? Any time you can buy land next door at a fair price i would strongly think about it. The alternative is somebody else buying it. I have let me neighbor know I would like to buy some additional land but so far he is still farming it and not interested in selling. |
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Post by benmnwi on Nov 4, 2021 13:18:58 GMT -6
I would certainly buy it if at all possible, especially if it is vacant land without a house to worry about. Having the ability to break off the chunk across the road would be a huge bonus as well.
When we bought our place an old couple lived on the 10 acres next door and everything was great. 5 years later they sold it to a guy who runs a junk business out of his backyard and also breaks hunting laws.
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Post by Catscratch on Nov 4, 2021 13:20:56 GMT -6
You should never pass on reasonable land, guns, or women.
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Post by smsmith on Nov 4, 2021 13:26:25 GMT -6
I guess I should add that the parcel isn't for sale. I have no idea if the guy would sell or not. My gut says "no", but I also know cash sometimes can change a guy's mind.
It's assessed value is about $135K. I have no idea what it would go for in an auction, but I wouldn't be surprised if it would go higher.
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Post by benmnwi on Nov 4, 2021 13:34:27 GMT -6
If your old landowner is having health issues that property may come up for sale before too long. It wouldn't hurt to talk to him about it if you and the wife are interested in expanding your property.
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Post by caveman on Nov 4, 2021 13:47:09 GMT -6
I guess I should add that the parcel isn't for sale. I have no idea if the guy would sell or not. My gut says "no", but I also know cash sometimes can change a guy's mind. It's assessed value is about $135K. I have no idea what it would go for in an auction, but I wouldn't be surprised if it would go higher. It will go for higher.
I would let him know you are interested in buying if he is ever interested in selling and doesn't want to go through hassle of listing the place for sale.
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Post by smsmith on Nov 4, 2021 14:02:43 GMT -6
If your old landowner is having health issues that property may come up for sale before too long. It wouldn't hurt to talk to him about it if you and the wife are interested in expanding your property. I don't really want to, but feel like it would be a good idea to control more of what is going on next to/near me. |
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Post by benmnwi on Nov 4, 2021 14:07:16 GMT -6
If your old landowner is having health issues that property may come up for sale before too long. It wouldn't hurt to talk to him about it if you and the wife are interested in expanding your property. I don't really want to, but feel like it would be a good idea to control more of what is going on next to/near me. I wish I did that 5 years ago, but couldn't justify the cost of my neighbor's 10 acres with a crappy house. Bare land seems much less risky assuming there is a decent demand in your area. |
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Post by Bob on Nov 4, 2021 14:19:07 GMT -6
If I had the cash laying around, I'd scoop it up just to convert cash to something of value. Or if I've got a prolapsed arsehole stock begging to be blown to bits, I might convert it to some land. Grazeable land is going to get a lot more valuable in the future.
Interest rates are going to fall hard soon, and the amount of dollars it will take to buy it will go up 50%+. Because it's so expensive, and entire commune of mud hippies will pool their $10,000 stimmies together and move in and graze goats among their unshaven women and roaming wild dogs.
I'm with the hippies. When the resetters ban meat, I wanna be able to grow some of my own. The Bobcat ain't gonna be eating grasshopper pate, fried in vegetable oil, like everyone on the grid.
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Post by Sandbur on Nov 4, 2021 14:27:36 GMT -6
Buy it and he can live there as long as he wants, but he has to maintain the house?
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Post by smsmith on Nov 4, 2021 17:45:56 GMT -6
Buy it and he can live there as long as he wants, but he has to maintain the house? The house isn't livable. He stays in Swanville now. More time considering the options...spending 6 figures on a chunk of land I don't really want may not be in the plans. That'd pay for a third or so of a decent house in coastal FL with a lenai and a pool. We'll see what happens. Maybe if somebody buys the place and builds next to us it will be a sign it's time to sell and find another place. |
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Post by MoBuckChaser on Nov 4, 2021 18:06:42 GMT -6
My 2 cents. Owning a buffer property is always good if its not priced out of line. But If it looks like shit now, chances are if the guy sells it to someone else they will keep it looking like shit. I would try and buy it for the fact I could get it cleaned up and pick the guy I would sell it to, with hopes mr clean wants it when your done with it.
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Post by smsmith on Nov 4, 2021 18:13:33 GMT -6
My 2 cents. Owning a buffer property is always good if its not priced out of line. But If it looks like shit now, chances are if the guy sells it to someone else they will keep it looking like shit. I would try and buy it for the fact I could get it cleaned up and pick the guy I would sell it to, with hopes mr clean wants it when your done with it. Part of me thinks this too. If the township would allow me to survey it and divide it into two parcels, I think I could likely get the 10-11 acres I actually want for "free". It would be a bunch of sweat equity and time to get the junk out of there, but once I did I think I could sell the pasture for enough to cover the total price...that is assuming he'd sell it for what I'd be willing to pay anyway. |
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Post by Bwoods11 on Nov 19, 2021 12:43:21 GMT -6
Missed this… I would try to buy it, if the price is not insane.
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