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Selling farm that is leased for grazing until end of year

  • 17-02-2014 4:04pm
    #1
    Registered Users, Registered Users 2 Posts: 5


    Quick question.

    If a farm (...just over 100 acres) was to go on the market in the coming months, would potential buyers be put off if a tenant had cattle grazing the best part of it for the remainder of the year? Adjacent farmers probably are not potential buyers and tenant probably won't buy either.


Comments

  • Closed Accounts Posts: 9,493 ✭✭✭Greengrass1


    PJDeFarmer wrote: »
    Quick question.

    If a farm (...just over 100 acres) was to go on the market in the coming months, would potential buyers be put off if a tenant had cattle grazing the best part of it for the remainder of the year? Adjacent farmers probably are not potential buyers and tenant probably won't buy either.

    Possibly. The buyer would like some grass for when he moves in.
    But the person you have the place rented to will want to get proper use of the land for the year.

    Hard one to call

    You could do a deal that your tenent pays you by the month.
    So when you find a buyer the whole place isn't bare with no grass


  • Registered Users, Registered Users 2 Posts: 1,435 ✭✭✭epfff


    Possibly. The buyer would like some grass for when he moves in.
    But the person you have the place rented to will want to get proper use of the land for the year.

    Hard one to call

    You could do a deal that your tenent pays you by the month.
    So when you find a buyer the whole place isn't bare with no grass

    I Disagree
    it takes a few months to get paperwork finished anyway


  • Closed Accounts Posts: 9,493 ✭✭✭Greengrass1


    epfff wrote: »
    I Disagree
    it takes a few months to get paperwork finished anyway

    Yes I know.
    But all the paper work could be done my mid summer and if a tenent has agreed a yearly lease he will want to get the best use of the ground but the buyer will also want to move in asap.
    Ye don't buy ground andms say ah sure we will let your man graze every stick of grass off it


  • Registered Users, Registered Users 2 Posts: 7,748 ✭✭✭ganmo


    I don't think it would matter a huge amount as long as it was made clear to the buyer what the situation is.
    Buying land is a VERY long term decision so 3/4 months delay shouldn't be an issue


  • Closed Accounts Posts: 4,949 ✭✭✭delaval


    ganmo wrote: »
    I don't think it would matter a huge amount as long as it was made clear to the buyer what the situation is.
    Buying land is a VERY long term decision so 3/4 months delay shouldn't be an issue

    Correct a 4-5 mth delay would suit most buyers. I would have vacant possession in contract so I'd not have to close till Jan 1 2015


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  • Registered Users, Registered Users 2 Posts: 5 PJDeFarmer


    Good stuff, thanks for all the responses lads.


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