I want to buy a large tract of land at auction and split it in halff with a neighbor. does anbody know how to do this when purchasing at auction?
Permalink Reply by Matt Duncan on you or he buy the whole thing and then sell half to the other.
I just came from a land auction in rock island il. 77.4 ac 53 tilliable $5620/ac I went to $5610 couldnt get it.
Permalink Reply by Craig Bolte on You and the neighbor may want to draw up a legal agreement first. In the 1980's here near home, a local farmer told a couple of neighbors not to bid and he'd split a big farm that was selling with them...... My Grandfather refused and bid against him - but 4 others in the area agreed to the "deal". Long story short - the other farmer outbid my grandfather, then pronmptly told the other 4 farmers - "we didn't have any agreement". Just a little history lesson for thought......
© 2013 Created by Jeff Caldwell.
