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Had our Land Auction yesterday
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Mark in WCIowa
Posted 1/27/2008 20:25 (#294647 - in reply to #294639)
Subject: Re: Had our Land Auction yesterday


Scranton
No offense Don, but I agree. I was thinking Farmers National was selling farms for around 2-3% right now. Thats the most I'd pay. Thats 25K on what you sold. Thats a plenty IMHO. I've never bought land on a buyers premium(never seen it actually), but I've been to auctions(usually hardware stores and such selling out) where they had a buyers' premium, and I made a point not to buy much if anything.

It cost you nearly 10% in expenses. Thats too much.
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