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Any experience buying land that's not for sale
Posted on 3/15/17 at 4:29 pm
Posted on 3/15/17 at 4:29 pm
My family and I would like to purchase another 100-200 acres of land adjacent to our place. What's the best way to approach this situation? I found out the owners names and addresses but I don't know whether to call or write a letter. Any help is appreciated.
This post was edited on 3/15/17 at 5:28 pm
8
Posted on 3/15/17 at 4:39 pm to MC5601
I would do all kinds of background on the owners, see if there is any leverage you can find before you contact them...
Posted on 3/15/17 at 4:43 pm to MC5601
Bags of cash.
But seriously, if you don't know them...
But seriously, if you don't know them...
quote:
write a letter
Posted on 3/15/17 at 4:47 pm to MC5601
My best advice is to be straight forward and honest. You're their neighbor. And you're interested in buying their land. If you can do it face to face, that's even better than a letter or a phone call.
Don't over think it. Don't have an attorney or realtor approach them in your place. Keep it straight forward and simple.
Don't over think it. Don't have an attorney or realtor approach them in your place. Keep it straight forward and simple.
Posted on 3/15/17 at 5:00 pm to MC5601
I actually called a landowner recently and got the deal done for work. My personal business, I would send a letter first, and I've actually expressed interest in property via letter before. I'd follow up via telephone call a week-10 days after sending the letter to make sure they got the letter and to see where they stand.
Posted on 3/15/17 at 6:04 pm to White Bear
My daughter and SIL are in the process of buying some land like this. A phone call was a start. From there. They set up a meeting with the people. Small talk and then a hard offer. Now they have a sign purses agreement. It's a buy of a life time for them. 48ac with a small house on it that needs a little work, rest of the land in real nice timber. $62K. 
There is more, but I don't want to let the cat out the bag yet. 
And yes, I mean a buy of a life time. Hell, I would jump on this and within a month, the land would be for free. There is so much more in the deal for them.
There is more, but I don't want to let the cat out the bag yet. And yes, I mean a buy of a life time. Hell, I would jump on this and within a month, the land would be for free. There is so much more in the deal for them. 
Posted on 3/15/17 at 6:23 pm to MC5601
I'm looking to do this in the near future, except I'm looking at 1 acre lots where I grew up.
Found some lots that have been owned by people for 10+ years. Going to start tracking them down since they have never done anything with them.
Found some lots that have been owned by people for 10+ years. Going to start tracking them down since they have never done anything with them.
Posted on 3/15/17 at 7:13 pm to MC5601
I would contact the owner and let him know of your recent property purchase and let them know if their land ever comes up for sale to please let your family have a shot at purchasing. Be very respectful and n the meantime do not do anything that would piss them off.
My FIL bought about 250 acres 20 years ago that was old family land. There is 50 that a cousin owns and when my FIL asked to buy him out at a very high price he said no thanks. That ticked FIL off and words were said. Long story short he will NEVER sell that 50 to my FIL. Keep it cordial.
My FIL bought about 250 acres 20 years ago that was old family land. There is 50 that a cousin owns and when my FIL asked to buy him out at a very high price he said no thanks. That ticked FIL off and words were said. Long story short he will NEVER sell that 50 to my FIL. Keep it cordial.
Posted on 3/15/17 at 7:21 pm to wickowick
If you were my neighbor I'd clear a shooting lane and install a box stand on the line. 
Posted on 3/15/17 at 7:33 pm to 14caratgoldjones
Probably the best bet here.
My family owns a bunch of farm land in Nebraska. There is one neighbor that has been there ever since my grandpa had the place a long long time ago. They have a huge operation and dont need the land, but they definitely get to know first.
My family owns a bunch of farm land in Nebraska. There is one neighbor that has been there ever since my grandpa had the place a long long time ago. They have a huge operation and dont need the land, but they definitely get to know first.
Posted on 3/15/17 at 9:30 pm to MC5601
Pull this on them.
Posted on 3/16/17 at 7:34 am to MC5601
I do this often and always start with a letter with a ball park price listed in it. I've found over the years some people start spending money in their heads as soon as they see the preliminary offer, and it makes the negotiating/closing much easier. Do your research, and go after it.
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