Cota Farms' Blog

March 19, 2019

Selling the Farm

Filed under: The Plan — Cota Farms @ 7:48 pm
Tags: , , ,

Now that I am past the hard part, admitting failure and deciding to act, it’s time to move on to cleaning up the mess.  That really was the hard part because whatever comes next is as a direct result of the failure and is only to be expected.  It won’t be smooth sailing (how I would so love to just go sailing) but it will be sailing to whatever destination even if that is sailing off the end of the flat earth. I read somewhere we can do that now. 

In an attempt to make that final save, the goal here is to sell the farm before losing the farm. It is a race against time on many race tracks; the mortgage, property taxes, collapsing housing market, my ability to function, and so forth.

Selling a farm is a little more involved than selling a house.  It is potentially such a problem that I have decided to not sell the farm but instead sell a house that sits on acres of land. And if that doesn’t go well, a very real possibility, I will have to resort to plan x, something I would just rather not do. There is also another option that fits between house on land sale and plan x, the auction. I mention it because in certain situations when the constellations align just right, it is possible to make more money in an auction than a normal real estate transaction. Maybe it’s a rural thing, not many actions in the city, but they pop up all the time in the countryside. 

If you’ve never been to an auction, a good one meaning there are a lot of people there that want what you need, then you’ve missed an enlightening experience. Very often the property or livestock or painting receives much more than it would have if just listed. If you’ve got the time and a few thousand dollars to pay the fee should you not get your needed price, you may do well. This doesn’t really apply to eBay because it also lists the same item right next the auctioned item essentially creating a ceiling.

Plan x would require more time and investment in my own failure, don’t want to drag this out. But interestingly enough, it could bring more money by dividing the land into smaller pieces and raising the per acre price. All I can do is prepare the property as well I can for presentation and there you go.

Unfortunately there are others who must sell out or bug out and, and do something else so maybe my experiences may be useful in some way. This journey will expand from the original postings full of optimism, innovation, and energy to homelessness. Hopefully my writing will have improved at least. If all goes well then it won’t necessarily have a sad ending.

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