Selling our farm in a virus outbreak

Jackov Altraids

Member

Livestock Farmer

Location

Devon

• Mar 18, 2020

• #2

I have seen auctioneers hold sales 'by invitation only'.
If 'unusual' means specialised, this could bring the number of people attending to a minimum of genuine buyers who could wash their hands before entering and handling items.They would also allow distancing between individuals. This would not then be a mass gathering.
Whether or not it would be a good time for selling......

 

M

midlandslad

Member

Location

Midlands

• Mar 20, 2020

• #3

I think it depends on what you mean by unusual.
What does the farm comprise?

 

Badshot

Member

Location

Kent

• Mar 20, 2020

• #4

On the one hand I think selling now is a terrible idea because of the uncertainty currently, but on the other a lot of folk are looking for safe havens for their money other than stocks n shares.

Personally I think I'd hold on a bit.

 

Kidds

Member

Horticulture

Location

Near Beeston Castle

• Mar 20, 2020

• #5

Badshot said:

On the one hand I think selling now is a terrible idea because of the uncertainty currently, but on the other a lot of folk are looking for safe havens for their money other than stocks n shares.

Personally I think I'd hold on a bit.

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Same.
I think land is probably the safest currency right now but best offers could be worth a try on the back of it.
We have land for sale but think it’s better to wait.

 

chaffcutter

Moderator

Arable Farmer

Location

S. Staffs

• Mar 20, 2020

• #6

As a family we have bought and sold land, and when selling we have found the best way to be by sealed tender. This keeps your options open, as if you are not satisfied with the top bid, you can always go to auction later.
This was highlighted when, many years ago, Dad sold a small piece of development land. It was not a very bull market at the time, but he only had two bids....but one was twice as much as the other.
In an auction he might have only got £1 more than the low offer. Auctions can be risky, contract made on the fall of the hammer, no second chances!

 

borderterribles

Member

Location

South Shropshire

• Mar 20, 2020

• #7

chaffcutter said:

As a family we have bought and sold land, and when selling we have found the best way to be by sealed tender. This keeps your options open, as if you are not satisfied with the top bid, you can always go to auction later.
This was highlighted when, many years ago, Dad sold a small piece of development land. It was not a very bull market at the time, but he only had two bids....but one was twice as much as the other.
In an auction he might have only got £1 more than the low offer. Auctions can be risky, contract made on the fall of the hammer, no second chances!

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I'd second that. Our predecessors here had the opportunity to buy a rough two acre field, between here and the main road. This was , maybe, ten years ago. They bid 6k. Unfortunately, the only other bid was 20k!!!!

 

M

midlandslad

Member

Location

Midlands

• Mar 22, 2020

• #8

@Nearly still proceeding with the sale? If it is just land and buildings I think the market will carry on but houses may be different with people reluctant to view.

 

Nearly

Member

Location

North of York

• Mar 22, 2020

• #9

midlandslad said:

@Nearly still proceeding with the sale? If it is just land and buildings I think the market will carry on but houses may be different with people reluctant to view.

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Just land and buildings.
Hòuse and traditional stone barns sold 15 years ago.

Probably going to best offers and see what turns up.

 

M

midlandslad

Member

Location

Midlands

• Mar 22, 2020

• #10

How much land is it and roughly whereabouts?

 

Nearly

Member

Location

North of York

• Mar 22, 2020

• #11

25 acres in between Wakefield and Huddersfield.
Nothing massive but it's where we started and I only get to sell it once.

 

Nearly

Member

Location

North of York

• Mar 22, 2020

• #12

If we go to sell it then full lockdown will mean people reluctant to view.
Responsible thing is to put it on hold.

 

multi power

Member

Location

pembrokeshire

• Mar 22, 2020

• #13

Sealed bids

 

M

MaisiesDad

Member

• Apr 19, 2020

• #14

Are you wanting to sell the whole lot in one batch Neil? There’s one field I may be interested in.

 

D

Diane67

New Member

• Jun 29, 2020

• #15

Nearly said:

25 acres in between Wakefield and Huddersfield.
Nothing massive but it's where we started and I only get to sell it once.

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I don’t know if you’ve sold yet but I’m looking for land with a house to live in. I have sheep, goats, ponies and alpacas and need to move soon as I’ve sold my house but the house I was buying has fallen through.
Get in touch please if you are selling property and land together.
Kind regards