Posted by dhermesc on March 12, 2009 at 06:27:34 from (24.248.193.103):
In Reply to: selling a farm posted by simptruk on March 11, 2009 at 22:52:13:
If you just inherited it make sure you have a good accountant or tax lawyer involved. The same jack of all trades that handles DUIs and petty theft could make a an error that will make the 7% commission look small.
As mentioned below - what he wants and what he gets are two differant things - ever pay sticker price on car? Then again not all auctioneers are equal. One that's screwed everyone and their dog will not attract the quality and quantity of bidders that some "good" auctioneers will draw in. They might earn their entire commission by making a few choice phone calls to some people they know are looking.
As for auction prices - it must depend on the area. I know in NE Kansas auction prices set the realestate market prices - no shortage of bidders to make you wonder who has all the money.
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Today's Featured Article - A Lifetime of David Brown Tractors - by Samuel Kennedy. I was born in 1950 and reared on my family�s 100 acre farm. It was a fairly typical Northern Ireland farm where the main enterprise was dairying but some pigs, poultry and sheep were also kept. Potatoes were grown for sale and oats were grown to be used for cattle and horse feeding. Up to about 1958 the dairy cows were fed hay with some turnips and after that grass silage was the main winter feed. That same year was the last in which flax was grown on the farm. Flax provided the fibre which w
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