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i have a farmhouse in ohio that belonged to a deceased aunt.?
it is on 3 acres with 3 wells and a spring fed pond.
the area is very pretty but the buildings are in need of repair.
they are run down to the point that no bank will finance a sale
any ideas on how to unload this property ?
the house in outside painesville ohio , 30 miles east of cleveland
it is a nice old country farmhouse but without someone to fix it up it will die
has a spiral staircase going up to the second floor
very many memories but i live in NM and cannot do the work
has deer and turkeys walking through the yard all the time
7 Answers
- Anonymous1 decade ago
"Unload" tells me that you have no interest in this place. It is too far from your life and an inconvenience. If that is the case, sell it as land. That would be "unloading."
If the farm is in the middle of nowhere, you might try leasing the land to other farmers, or ADM. That way they can plant and harvest crops on your fields, and pay you for the consideration. I wouldn't rent out the living quarters, though.
And I wouldn't rent the land as storage for RVs or other vehicles, because those need to have a high degree of security, which means people living there.
For about $10,000 you could have the buildings torn down and hauled off, I believe. You might even sell the fixtures and timber from the buildings to anyone looking to remodel with old wood. There are companies that specialize in harvesting the good stuff from old buildings. Why not try that?
If the farm is near the suburbs or a major road, you just might be sitting on a gold mine, should developers come out your way in 5 or 10 years.
Oh! And do make sure you go through those old buildings carefully. Sometimes people stash great loads of cash in the walls. (You don't want your contractor to become so wealthy that he walks off the job!)
- 1 decade ago
Before you do anything, check with the Ohio state Historical Preservation program. I am a retired barn renovator and preservationist, formerly served on the National Board for the Preservation of Barns
and other buildings.
It's a possibility you may be eligible for a grant to help you financially restore the buildings. If they are on the National Register, or over l00 years old, they are definitely eligible.
- u r s iLv 61 decade ago
come up with a price for just the land with condemned buildings, then offer to tear the buildings down, the buyer may want to restore the buildings. Don't sell the buildings, just the land; a bank may give the loan that way.
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- CoastyLv 71 decade ago
Where in ohio is it I am looking for some hunting camp and would be interested in it if price is right. Also I know how to to the renovations myself.
- DeeDeeLv 61 decade ago
many are looking for rural acreage to build on. Get a realtor that specializes in rural and farm sales. Then have her list it for the value of the property, not the buildings.
