Re: OT - Buying a farm

Posted by glennster on January 17, 2007 at 13:05:16 from (68.78.75.201):

In Reply to: OT - Buying a farm posted by Dave H (MI) on January 17, 2007 at 12:52:07:

best advice i would give is have an attorney handle the transaction for you. i am not familiar with your state laws, but, i would definately have a survey and a title search done so there are no hidden leins or encumberances on the property. you can still keep the transaction friendly, but it is a business transaction and the interests of both the seller and buyer need to be protected. find an attorney that specializes in real estate, especially farm sales. check with a local realator to see who the good attorneys are. if the fields are tiled, get a copy of the tile maps, also see if you can get records of any fertilizer applications, lime ect for the past 5 years. generally, an attorney will run around 500 or so if things go well,survey a couple grand. if you try and cut corners, it will come back and bite you in the behind.

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