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- Joined
- Nov 30, 2016
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- 9,634
I have another outside the box question with making an offer for a piece of land.
The land I'm interested in borders mine. The man that owns the land around my ranch lives off grid and own a pretty good junk of land. I asked him one time about selling some of the bottom land and he said, he wasn't interested.
Well, what I'm considering to do is offer him so much per acre and he could collect the rent for next 3 three years. I would own land and pay taxes he gets a fair dollar for land plus he gets next three years of rent from land.
The second offer option I would like your view/opinion on is I could offer starting an annuity for him which would give him so much a month for 10 to 15 years just for an example. This would be the total amount of money for the land, and I would buy an annuity for him.
What is your view on the offer options for purchase. The pros and cons and which one would appeal to you more as a seller.
Also, what other offer option you might have that would be appealing for getting a purchase done. I'm not trying to take advantage and am willing to pay going price, but I want a convincing and accommodating offer when I ask.
Thanks for any views or opinions.
The land I'm interested in borders mine. The man that owns the land around my ranch lives off grid and own a pretty good junk of land. I asked him one time about selling some of the bottom land and he said, he wasn't interested.
Well, what I'm considering to do is offer him so much per acre and he could collect the rent for next 3 three years. I would own land and pay taxes he gets a fair dollar for land plus he gets next three years of rent from land.
The second offer option I would like your view/opinion on is I could offer starting an annuity for him which would give him so much a month for 10 to 15 years just for an example. This would be the total amount of money for the land, and I would buy an annuity for him.
What is your view on the offer options for purchase. The pros and cons and which one would appeal to you more as a seller.
Also, what other offer option you might have that would be appealing for getting a purchase done. I'm not trying to take advantage and am willing to pay going price, but I want a convincing and accommodating offer when I ask.
Thanks for any views or opinions.