|
|
Post by PrincessJessi on Feb 27, 2021 11:57:16 GMT -6
Hi Bryan83 , I need you help. To begin with I am looking to sell my current farm. It is a nice storage yard or starter farm. It is located on a private drive with roadside access from both ends. It also comes with a view of Chellington Castle. I paid $12,576 for this lot about 3 years ago from a young fella who just seemed glad to be rid of it.    Next I need your help acquiring some property. The lady at their local real estate agent was REALLY rude and pretty well stonewalled me.. I think she is jealous of me.. I am a successful young attractive farmer and she is an old troll! Anyway.. First I want to pick up the farm in the bottom of the image. It comes with a silo and single bunker silo and a few sheds. She said it went for $51,600 which seems ok. Then I would like to acquire the right half of the forest if possible. She was insistent that the property would not be split up and would sell for no less than $202,920 for the lot. She wouldn't even have the owner contact me so I could talk to them myself... But I figure you might have more finesse with her than I did and actually get somewhere because I currently wanna smack her with a phonebook!   I want to pick up another field in the area but idk what is available. Either way to wrap up the deal I need to apply for a loan. Thanks in advance |
|
|
|
Post by Bryan83 on Feb 27, 2021 12:11:46 GMT -6
What's your budget for the property?
|
|
|
|
Post by PrincessJessi on Feb 27, 2021 12:19:30 GMT -6
Well.. my budget is dependent on the loan.. I am in good standing in the community being an established farmer and a business selling firewood to some of the locals.. I am not sure I understand what you mean?
|
|
|
|
Post by PrincessJessi on Feb 27, 2021 12:20:12 GMT -6
I don't want to go too over the top. I would like to get the farm, forest and at most, another small field.. I don't want to grow too fast lol
|
|
|
|
Post by Bryan83 on Feb 27, 2021 12:27:22 GMT -6
I was just curious what your ideal price was. Obviously there prove she's asking is too much, so I wanted to get an idea of where you wanted to be.
|
|
|
|
Post by PrincessJessi on Feb 27, 2021 13:46:59 GMT -6
I don't have any ideal price.. honestly I trust you to get whatever deal is best  if its just the list price, then so be it |
|
|
|
Post by Bryan83 on Feb 27, 2021 14:05:56 GMT -6
Ok, I'll make a few calls and get back to you.
|
|
|
|
Post by Bryan83 on Feb 27, 2021 14:39:11 GMT -6
So I was able to find the actual owner through public records and gave him a call. Turns out to be a delightful old man who wants to sell his property and retire. I also found out he has a son with a young wife and a baby on the way, and as such they don't want to move from the area. I mentioned a great little starter home I knew of in the area. Long story short, the son made an on the spot offer of $10,500 for your house (plus the old man says his kid Thomas is an experienced, able farmhand if you needed to hire some help) and he says if the kid gets a good deal on the house, he'll make you a good deal on the property, $177,900 is what he said he could do for a young entrepreneur, such as yourself. Should I tell him we have a deal pending financing?
|
|
|
|
Post by PrincessJessi on Feb 27, 2021 14:43:34 GMT -6
all sounds good but what exactly is included?
|
|
|
|
Post by Bryan83 on Feb 27, 2021 14:49:13 GMT -6
He says he'll do all 3 parcels you mentioned at that price, only asking that you hire his son for work as much as you can afford to. You see the old man was once a new farmer and father himself, so he knows what it's like.
|
|
|
|
Post by PrincessJessi on Feb 27, 2021 14:58:11 GMT -6
I am so confused  So.. I am selling my property for $10,500. Then I am buying the 3 parcels of land I mentioned (I mentioned the farm itself and the right half of the forest) for $177,900.. which piece is the 3rd? or is it the other half of the forest? One of us is on too much medicine here! roflmao |
|
|
|
Post by Bryan83 on Feb 27, 2021 15:11:39 GMT -6
Well in the picture, you outlined 3 parcels, so that's what I went to him with.
Unless I read your map wrong...
|
|
dimi88
Server
Posts: 309
Preferred Brand: Fendt, Renault and i love mb tracs and unimogs!
Farm Location: The western shore and south of Brazil
Farm Size: small, 3 meter equipment.
Livestock: At the moment just sheep in England and some chickens in Brazil. but cows are my favorite!
Platform: pc
|
Post by dimi88 on Feb 27, 2021 15:27:01 GMT -6
I thought it was supposed to have half the forest and 1 field but i don't want to meddle in the business of you two!
|
|
|
|
Post by PrincessJessi on Feb 27, 2021 15:31:11 GMT -6
I outlined the forest.. at second glance I wasn't exactly clear about that.. I tried doing good with the pics but yea... srry.. it sells as 1 piece of land but I only want/need the small half.. so I wanted the small half and possibly a field.. That huge forest is way too big for me lol.. suppose I could always just get the farm and a new field and wait on my trees to come in by the river...
|
|
|
|
Post by PrincessJessi on Feb 27, 2021 15:36:14 GMT -6
Fixed the outline.. srry about that |
|
|
|
Post by Bryan83 on Feb 27, 2021 15:46:55 GMT -6
Oh ok. Well he's says the offer still stands, or he'll do the farm for $45,800 and the small half of the forest for $81,700, bringing your total to $127,000. He also says if you'll sell him that property for $10,500, he'll take that out of the purchase price. So it would basically be that plot, plus $116,500.
|
|
|
|
Post by PrincessJessi on Feb 27, 2021 15:59:17 GMT -6
hey that sounds like a deal.. I think I will just lease a field sometime this spring.. now about that financing lol.. I am going to go ahead and start moving over while I wait.. I am racing what looks to be a snow storm!
|
|
|
|
Post by PrincessJessi on Feb 27, 2021 15:59:48 GMT -6
the small half I mean.. I will do the farm and the small half of the forest
|
|
|
|
Post by Bryan83 on Feb 27, 2021 16:12:00 GMT -6
Ok, so let's talk financing. Do you have a down payment?
|
|
dimi88
Server
Posts: 309
Preferred Brand: Fendt, Renault and i love mb tracs and unimogs!
Farm Location: The western shore and south of Brazil
Farm Size: small, 3 meter equipment.
Livestock: At the moment just sheep in England and some chickens in Brazil. but cows are my favorite!
Platform: pc
|
Post by dimi88 on Feb 27, 2021 16:19:54 GMT -6
I have just been touring the area and drove passed her old farm. based on the state of it the down payment can't be high lol.
|
|
|
|
Post by PrincessJessi on Feb 27, 2021 16:30:27 GMT -6
^^^
|
|
|
|
Post by PrincessJessi on Feb 27, 2021 16:33:45 GMT -6
I swear I am a real farmer tho.. I have a harvester and everything.... see!  |
|
dimi88
Server
Posts: 309
Preferred Brand: Fendt, Renault and i love mb tracs and unimogs!
Farm Location: The western shore and south of Brazil
Farm Size: small, 3 meter equipment.
Livestock: At the moment just sheep in England and some chickens in Brazil. but cows are my favorite!
Platform: pc
|
Post by dimi88 on Feb 27, 2021 16:36:30 GMT -6
ooohhhh i love that Fahr!
|
|
|
|
Post by PrincessJessi on Feb 27, 2021 16:39:54 GMT -6
isnt it a beauty!? got it real cheap with my old farm actually
|
|
|
|
Post by thefisherj on Feb 27, 2021 16:40:27 GMT -6
do u need any help in persuading the estate lady? I might have something in my garage that could help ![]()  |
|
|
|
Post by Bryan83 on Feb 27, 2021 16:52:51 GMT -6
PrincessJessi, do you have a down or are we doing 100% financing?
|
|
|
|
Post by PrincessJessi on Feb 27, 2021 17:02:56 GMT -6
um... take the sale price of the old farm as down payment |
|
|
|
Post by Bryan83 on Feb 27, 2021 19:11:44 GMT -6
Ok, so the bank came back with an approval, and here are the terms;
Total principal balance of $127,000, less $10,500 down payment proceeds from the sale of other real property. Total amount financed is $116,500 @ 3.004% interest ($3,500). Loan repayment in 5 installments of $24,000 each, first payment is deferred until 13 MAR 2021 with a loan maturity date of 10 APR 2021. Payments are structured $23,300 to principal, $700 to interest. Loan may be paid in full early, however a minimum of 40% of the interest ($1,400) must be paid, in addition to 100% of the principal balance ($116,500) to satisfy the loan. Contact the finance department for a payoff quote if you choose to pay the loan early. Any late payments can be assessed a late fee of up to $50 per day.
If you don't have any questions, comment agree to start your loan.
|
|
|
|
Post by PrincessJessi on Feb 27, 2021 19:13:56 GMT -6
agree!
|
|
|
|
Post by Bryan83 on Feb 27, 2021 19:32:45 GMT -6
Ok, you know the drill, starting March 13, make sure you're in here by end of Saturday to post your payments. Congratulations and enjoy your new farm!
|
|
if its just the list price, then so be it
So.. I am selling my property for $10,500. Then I am buying the 3 parcels of land I mentioned (I mentioned the farm itself and the right half of the forest) for $177,900.. which piece is the 3rd? or is it the other half of the forest? One of us is on too much medicine here! roflmao
