A bank appraisal will tell you if they feel it is worth the $170,000. Around here they will run $400-450. It is the only appraisal that will matter cause they are the one's that will be loaning you the money. It doesen't matter what he paid for it when he bought it. His to sell now for whatever he can get for it. As the others said, check with the local zoning office to see what you can and can't do and a good title company should root out any questionable findings. Here, you cannot transfer title till the taxes have been paid on the entire piece of property being sold. Have the purchase agreement state who will pay the taxes and if you are given credit for them so you pay them, make sure you have the latest valuation that they will be based on when you do pay them. I got caught on that one recently. I new what the present taxes were but didn't find out till I got the tax bill that the valuation went from $2000 to $25000.
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Today's Featured Article - History of the Field Marshall Tractor - by Anthony West. Any restorer who has some knowledge of turn of the century farm machinery, will recognize the name Lanz Bulldog!! This machine was to say the least unusual in its appearance. The huge flywheel and coffee percolator shaped exhaust. Along with square body lines and cylinder head protruding forward of the front axle. Would become the visual differentiation that people would quote to separate the Lanz from other period machines. The Marshall company based at the Briannia Works in Gainsborough
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