I had a similar deal buying some land bordering our farm. The land was part of a larger farm that had been divided and this piece of land - dead flat, creek on one side, but had never sold. The owners were elderly and living retirement in Arizona. I made contact with the owners, made an offer, then counter offer and they came back with double the price as their financial advisor in Arizona said "that property is worth much more... ". I made a final offer with 60 day limit and then forget it. 60 days passed and I forgot it. Several months later, I got a call - they would take my original counter offer. I had a lawyer draw-up a contract and work the details for signing with the Arizona owners. It took about 15 days from start to finish to finish the deal. We are now clearing that land for haying and building a barn later this spring on it. Neighbors were stunned - they had no idea the property was for sale. It wasn't. I think all of them bordering it would have wanted it too. I was the only one that thought to "ask" and wound-up with a nice piece of property. It's going to make a really nice hay field.
Also - from your other post, good for you helping your kids and grandkids get into land.
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