Land next door.....

[Happy at it]

We all know the value of land in our areas. However the question of what it's worth goes out the window in many cases. Land lying into me is coming up, and although it's not an ideal time ( when is it ever?) I reckon it could be manageable, and would be very beneficial to the farm to have. Only bother it would suit a well doing and good neighbour just the same, who'll be sure to go on it. It wouldn't lend itself to split.

Reckoning that it's a case of if I'm going to start it at all, I'll have to see it through no matter the cost. Would hate to pull out and be known as the person who ran it up into silly money and pulled out. Similarly, if he's of the same opinion someone's going to blow a serious money?

What do you do between neighbours, to keep neighbourly. Land in the mans yard to talk it out, toss a coin, or do what everyone else seems to do, fall out.

 

[Forever Fendt]

We all know the value of land in our areas. However the question of what it's worth goes out the window in many cases. Land lying into me is coming up, and although it's not an ideal time ( when is it ever?) I reckon it could be manageable, and would be very beneficial to the farm to have. Only bother it would suit a well doing and good neighbour just the same, who'll be sure to go on it. It wouldn't lend itself to split.

Reckoning that it's a case of if I'm going to start it at all, I'll have to see it through no matter the cost. Would hate to pull out and be known as the person who ran it up into silly money and pulled out. Similarly, if he's of the same opinion someone's going to blow a serious money?

What do you do between neighbours, to keep neighbourly. Land in the mans yard talk it out, toss a coin, or do what everyone else seems to do, fall out?

decide what its worth to you and buy it if it makes less than this ,start it up and stick with it then you won't look the bad guy

 

[Old Boar]

Sit there quietly and watch it wizz past your limit, then go and shake the hand of the one who bought it and wish him luck.
An auction is to get the best price for the seller, and is just business. Friendship should not come into it.

 

[jendan]

We all know the value of land in our areas. However the question of what it's worth goes out the window in many cases. Land lying into me is coming up, and although it's not an ideal time ( when is it ever?) I reckon it could be manageable, and would be very beneficial to the farm to have. Only bother it would suit a well doing and good neighbour just the same, who'll be sure to go on it. It wouldn't lend itself to split.

Reckoning that it's a case of if I'm going to start it at all, I'll have to see it through no matter the cost. Would hate to pull out and be known as the person who ran it up into silly money and pulled out. Similarly, if he's of the same opinion someone's going to blow a serious money?

What do you do between neighbours, to keep neighbourly. Land in the mans yard to talk it out, toss a coin, or do what everyone else seems to do, fall out.

Private Treaty or auction? I would do whats best for yourself,and bid what you think its worth to you.I would not talk to your neighbour unless you can split it up.You will only get one chance at it! If its a direct boundary to your own land,its always worth more.

 

[MrNoo]

Seems an un written thing around here that land is offered to next door before going to public market, obviously at a slight premium but then the auction price may exceed the "slight premium" At the end of the day you'll pay through the nose for it regardless.

 

[Tarw Coch]

Just bid on it up to your maximum price. Your maximum price could be what you think land is worth, it could be as much as you can stretch yourself or it could be the price that you think it's too dear to bother with and its better you didn't have it.

There really should be no bad feeling from your neighbour about running him up if he buys it as it's fairly obvious you'd be interested in neighbouring ground, it's ip to him to buy at a price he's happy with

I wouldn't go and talk to the neighbour about it, and whilst I wouldn't go out of my way to avoid him I would try to not talk about it with him. If I was quizzed about it id probably just shrug my shoulders and say it'll probably make too much, we'll see on the day. I wouldn't confirm or deny interest.

If your neighbours a straight type of chap I would go into the auction and put it up somewhere near on the money, no point starting others off bidding, it's too easy to carry on once they've started.
If he's the sort of chap you think might run you up I'd put someone else in to bid on it for you, nothing confuses folk like that more than not knowing who they're bidding against, especially if they can see you and they know you're not bidding. Do not sit by or talk to whoever is bidding for you on the day, they need clear instructions before hand. I'd also avoid using friends or local auctioneers for this job, best get someone unknown to most/all on the sale room, someone who will turn up dressed like a professional, hopefully even the auctioneer won't know how far they can push this guy, they will know he's bidding for someone and will stop when he reaches his limit, they won't persuade him that one more might get it. Of course if you decide on the day that one more might get it you can Allways bid yourself.

There probably won't be another chance to buy ground next door so give it your best shot, take it as far as you can but don't hang yourself over it.

 

[Badshot]

Depends on your relationship with your neighbours, we went and saw them, they were happy for us to buy it, but if we didn't they would have.

 

[Pieces_of_Eight]

I'd put someone else in to bid on it for you, nothing confuses folk like that more than not knowing who they're bidding against, especially if they can see you and they know you're not bidding. Do not sit by or talk to whoever is bidding for you on the day, they need clear instructions before hand. I'd also avoid using friends or local auctioneers for this job, best get someone unknown to most/all on the sale room, someone who will turn up dressed like a professional, hopefully even the auctioneer won't know how far they can push this guy, they will know he's bidding for someone and will stop when he reaches his limit, they won't persuade him that one more might get it.

^^^ Superb strategy, the way to auction like a boss.

Neighbours tend to have preconceptions about how much each other can afford (usually wrong!)

Even I wouldn't bid against two older men wearing stripey suits who were sharing a clipboard

 

[wr.]

My father asked his bank manager about a loan to buy some land next door in the early 70's. Bank manager got every detail out of Father and gently tried putting him off buying. Come the day of the sale, said bm was bidding against my father for another neighbour. Father bought the land for £300/acre and never trusted a bank manager ever again. £300/ac was utter madness at that time.
Don't tell anyone you're interested. Just go there and give it your best shot. Good luck.

 

[wr.]

^^^ Superb strategy, the way to auction like a boss.

Neighbours tend to have preconceptions about how much each other can afford (usually wrong!)

Even I wouldn't bid against two older men wearing stripey suits who were sharing a clipboard

Why? Stripey suits don't necessarily mean money. We have a neighbour who looks and dresses like a tramp but he banks with Coutts.
If they were loaded, they'd have a clipboard each

 

[matthew]

My father asked his bank manager about a loan to buy some land next door in the early 70's. Bank manager got every detail out of Father and gently tried putting him off buying. Come the day of the sale, said bm was bidding against my father for another neighbour. Father bought the land for £300/acre and never trusted a bank manager ever again. £300/ac was utter madness at that time.
Don't tell anyone you're interested. Just go there and give it your best shot. Good luck.

That's if the auction goes ahead. We were in a similar situation 35 years ago and as it was a substantial farm that was for sale, agreed a split with a neighbour. He approached us and the split was to be us a block of land, him farm buildings and land as neither of us could afford the whole (he said). The house had already been sold off. We raised the cash, and got prepeared with neighbour doing all the running. We were the 'silent' partner. Until I phoned the auctioneer to check a detail for the AMC.

Neighbour had bought the lot, ahead of auction, and only wanted us on board to keep us out of the picture.

That was a lesson well learned. So learn from @wr. and us. Trust no one except your self, and make sure the sellers and agents know of your interest.

 

[Tarw Coch]

Why? Stripey suits don't necessarily mean money. We have a neighbour who looks and dresses like a tramp but he banks with Coutts.
If they were loaded, they'd have a clipboard each

What's so special about coutts? At the end of the day surely they're just a bank aren't they? Anyway, I thought banks made more money out of those that borrow than those that save.

 

[franklin]

Why wouldnt it lend itself to a split? Would even getting some of it be beneficial to you?

 

[Penmoel]

We had the same with a neighbour about 20 years ago , farm between us came for sale he said we could buy it and split it, house yard and bottom land or top land, either piece would do.. He would not agree to how much we were going to pay for it or indeed how the split in value worked out, Lets buy it first then sort it he said. I rang the auctioneers the following day to say we were buying together and to keep me informed.

Later that day he came on the phone fuming that I had rung them, he was going to buy it himself now, I told him good luck then. It was not auction but on the market at £90k asking price, agent rang said he had an offer at asking price did we want to make an offer . Back and for it went to £115k by which time we were reaching our limit , till the agent rang and said the neighbour wants to talk and split it come down and speak to him. We went in mind that if he was stroppy we would go up again , the offer came to split us having the top him having the bottom and house. Agreed on that and told him that I could look him in the eye as I had no underhand intentions, unlike him.

He has been a real sh!t ever since, evil is the only word.

On the other hand another neighbour agreed years ago if a certain piece came for sale he would like some of it, we said ok we will go together, which four years ago we did, we bought the whole and split off ten acres for him at the time. Every one happy except the sh!t above who wanted some of it as well.

There are locals on here who will no doubt know who I am talking about, cant hide from the truth though

To the OP go for it , at what it is worth to you, as long as you can look every one in the eye after you have done no wrong.

 

[JCMaloney]

Decide what its worth to you, get somebody not involved to go & bid for you up to your limit. "Auction fever" and personal pride has caused many downfalls!

 

[fieldfarmer]

(Took from post 11), " make sure the sellers and agents know of your interest." The agent may have a preferred buyer, so unless the seller may not wish you to have it make sure he also knows of your interest .

 

[Pieces_of_Eight]

No one worse than me for auction fever with the symptoms of wave & nod disease.

Get a friend or relative (from away) to bid with a fixed budget and go out of the way for a pub lunch and leave them to it.

 

[Penmoel]

(Took from post 11), " make sure the sellers and agents know of your interest." The agent may have a preferred buyer, so unless the seller may not wish you to have it make sure he also knows of your interest .

I suppose that's a nother problem if the seller does not want you to have it

No one worse than me for auction fever with the symptoms of wave & nod disease.

Get a friend or relative (from away) to bid with a fixed budget and go out of the way for a pub lunch and leave them to it.

That would be hard to do.

 

[Pieces_of_Eight]

I suppose that's another problem if the seller does not want you to have it

Another reason to have an anonymous bidder.

There must be someone who could bid for you?

An auction is a bit like a horse race, not always as straight as it looks.

I remember being at an auction where the auctioneer, vendor and buyer sat down and agreed a price for a lot before the sale, which all three agreed on. The lot came up, was bid up towards the agreed price, then a mystery chap waltzed in and doubled it.

 

[Henarar]

Go to auction bid like f**k to your limit and stop