This is perfect for activerain!
PLEASE HELP ME! HOW WOULD YOU ADVISE YOUR BUYERS???
A month ago my buyers wrote on a foreclosed home with 8 acres. You can easily tell that the back 6 acres or so have been farmed in the past and it looks as though they have plowed the fields to prep for this year. In the purchase agreement, we put a contingency, "subject to NO lease on cropland". As an experienced agent, I knew that even if there was a lease, that it was with the previous owner (WHO PROBABLY TOOK OFF WITH THE RENT MONEY ON THE LAND IN JANUARY, KNOWING THEY WERE LOSING THE HOUSE).
The offer was accepted, and the listing agent told me they were not going to worry about any lease and that "as of the day of closing, the house is your purchasers". GREAT! Just what we wanted to hear.
WELL, IT IS NOW 36 HOURS BEFORE A CLOSING ON FRIDAY, 10 PM AT NIGHT AND MY CELL RINGS. IT'S MY BUYERS MOM...." UM....THERESA....WE HAVE A BIG PROBLEM" Okay, now what in the world is she calling me this time of night for?? She proceeds to say "Um....well.....my son went by the house tonight and the farmer planted already. We have beans!"
HOLY SMOKES! WHAT DO I SAY? HOW DO I ADVISE? I RESEARCHED A COUPLE WEEKS AGO BY CALLING ONE OF THE NEIGHBORS I KNOW AND ASKING HIM IF HE KNEW WHO WAS FARMING IT? HE GAVE US AN ADDRESS AND A NAME AND MY BUYER WENT BY THE GUYS HOUSE TWICE, BUT WHO KNOWS IF HE IS THE FARMER, AND BEING THAT HE WASN'T HOME BOTH TIMES....(PROBABLY OUT PLANTING) MY BUYER TRIED TO FIND HIM WITH MY DIRECTION AND....WELL.....I'M BABBLING!
So, to make matters worse, my buyer has trucks! Big trucks with big tires and was looking so foward to running the land this weekend! He will still run the land this weekend, with ALL OF HIS TOYS!
I suggested that he maybe stop by the county sheriffs department on the way out of the closing? Maybe make them aware of it, and maybe take someone with him to kindly "meet the farmer?"
PLEASE HELP, 35 HOURS AND COUNTING....
THANKS!
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