Land next door.....

[Sussex Martin]

My place was sold via sealed bids and we ended up paying over the odds for it . My wife's father had rented the place since 1964 and she and our daughters were bought up playing on the place, having various animals/ponies/camps/hideaways there along with all the good memories my wife/daughters couldn't bear the thought of losing it. When we were discussing what to do I was prepared to take a risk and bid what was the guide price, my wife's instructions to me was 'don't you dare lose it' so my hands were tied from then on. A few discussions with the agent and a few more with 'those in the know' we managed to 'win' it for double the guide.
Could I have got it for less? Probably, but with sealed bids you only get one chance and we weren't prepared to take the risk.
That was four years ago, I have had electricity connected and a new shed put up since. We have recently turned down two offers that would pay almost double what it owes us which makes me feel better about the whole thing , a bit irrelevant really as it's not for sale.

 

[Doing it for the kids]

I'm interested in your thinking on that one. What can you do to influence the auctioneer on a sealed bid? Surely it will almost Allways be highest bidder gets it.

I could have have phrased my response better but I find at auctions people get carried away and a skilled auctioneer can keep things moving. Not everyone is rigid with their plans at auctions, I bet many that buy there would never have offered the same as sealed bids?

On the contrary, I quite enjoy sealed bids. You can meet up with the owners and agent before and sound them out, as can they to you. With a little effort you can extract info on others which gives a picture of the competition.

Like an auction you work out what it's worth and fix a price you are happy with and go for it. Everyone always think they can put in a bit more and that's always the way with anything.

I say this now as had a good run this last few weeks but prob change my tune soon!

Back handers, bribery and blackmail ?

I think those days are long gone, arent they?

Like what?
Nothing worse than losing out for a few grand.
At least an auction is transparent

to some extent, bids off the wall etc, I've never felt in control at an auction. Speed is good though with completion so quick

 

[Exfarmer]

Be very , very wary of sealed bid. I have been in attendance as the sealed bids were opened on a certain farm.
They can be used to jack up the offer of a favoured farmer.
All methods of selling have there advantages to buyer, seller and agent!

 

[chipchap]

Last two lots I bought I negotiated direct with the owner, no agents involved, best way in my opinion. Don't get me wrong, the property was not cheap, but a fair price for what it was, at the time the deal was done.

 

[glasshouse]

My place was sold via sealed bids and we ended up paying over the odds for it . My wife's father had rented the place since 1964 and she and our daughters were bought up playing on the place, having various animals/ponies/camps/hideaways there along with all the good memories my wife/daughters couldn't bear the thought of losing it. When we were discussing what to do I was prepared to take a risk and bid what was the guide price, my wife's instructions to me was 'don't you dare lose it' so my hands were tied from then on. A few discussions with the agent and a few more with 'those in the know' we managed to 'win' it for double the guide.
Could I have got it for less? Probably, but with sealed bids you only get one chance and we weren't prepared to take the risk.
That was four years ago, I have had electricity connected and a new shed put up since. We have recently turned down two offers that would pay almost double what it owes us which makes me feel better about the whole thing , a bit irrelevant really as it's not for sale.

That illustrates perfectly the farmers dilema.
The emotions attached to land and home are far stronger than outsiders realise, thats what keeps us growing food at a loss.
Why was there no tenant discount?
You would have been in the driving seat in scotland with pre emptive right to buy and extended succession rights.

 

[Sussex Martin]

That illustrates perfectly the farmers dilema.
The emotions attached to land and home are far stronger than outsiders realise, thats what keeps us growing food at a loss.
Why was there no tenant discount?
You would have been in the driving seat in scotland with pre emptive right to buy and extended succession rights.

As the farm was very small I wasn't able to persuade the landlords agent to give me a full ag tenancy back in 2002 when my father in law died. I have been on a fbt since then so no discounts or favours were available, offered or given. The whole estate was bought by a property development company back in 2005 when Blue Circle (the previous owners) needed to offload the land quickly to allow a takeover by Lafarge, so Trenport Investments (owned by the Barkley Brothers, Google them as it's very interesting reading) bought it very cheeply.

 

[glasshouse]

Its a familiar story, there are many ways that an agent can diddle you out of a full tenancy.
Could your wife not have become tenant?

 

[Flat 10]

As the farm was very small I wasn't able to persuade the landlords agent to give me a full ag tenancy back in 2002 when my father in law died. I have been on a fbt since then so no discounts or favours were available, offered or given. The whole estate was bought by a property development company back in 2005 when Blue Circle (the previous owners) needed to offload the land quickly to allow a takeover by Lafarge, so Trenport Investments (owned by the Barkley Brothers, Google them as it's very interesting reading) bought it very cheeply.

As in telegraph owners?

 

[Steel]

We bought a place next door. Bank manager asked what we would go to and told him $1,200/ac he recomended adding $200 to that as land next door is so much more convienient and worth more.

Another neighbor wanted to split it with us, but we decided that would be difficult so would go all or none.

We ended up getting our agent to bid for us so nobody knew who they were bidding against. Two other neighbors ended up bidding us up towards our limit. One neighbor who is generally a pr*ck put in two $10,000 bids right on the fall of the hammer just to pee us off, then walked out telling our agent "you will be sorry".

 

[Sussex Martin]

Its a familiar story, there are many ways that an agent can diddle you out of a full tenancy.
Could your wife not have become tenant?

The place was too small to prove a living so it was a no go.

As in telegraph owners?

Yes, Isle of Sark pantomime as well.

 

[glasshouse]

The place was too small to prove a living so it was a no go.

Yes, Isle of Sark pantomime as well.

That law is the most unjust yet.
Thank god it is now scrapped up here

 

[Exfarmer]

The Barclay brothers, engineers of Brexit. lovely pair owners of the Daily Telegraph

 

[phillipe]

The Barclay brothers, engineers of Brexit. lovely pair owners of the Daily Telegraph

The Barclays make no political pronouncements,it says in bbc article ?

 

[glasshouse]

The place was too small to prove a living so it was a no go.

Yes, Isle of Sark pantomime as well.

how small? no electricity?

 

[Exfarmer]

The Barclays make no political pronouncements,it says in bbc article ?

And bears don't s**t in the woods

 

[phillipe]

And bears don't s**t in the woods

Only going by what the bias bbc reported