To Sell or Not to Sell?

[DrKym]

Keeo the farm, you can lease it out while you are in AZ and then you still have a place ot move back too when you feel ready to move away from Mom and Dad

[borzoimom]

Keeo the farm, you can lease it out while you are in AZ and then you still have a place ot move back too when you feel ready to move away from Mom and Dad

THATS an even better idea.

[Blue_Frog]

If you love the place, its worth looking into keeping it. If you're serious about it, ask your parents to show you --

- Property taxes for the last couple of years
- Running expenses (i.e. Heat, hydro, water, etc.)
- Age of major appliances like the furnace, water heater, etc and any warranties that are still available.
- Find out if they are willing to continue to help with the maintanance of the farm for things like roofs, windows, etc.

This will also show that you are serious about keeping the farm and buildings, and open up a good discussion about how to make it happen for you!

Good luck, I hope you get to keep the place you love

[Rachel]

- Property taxes for the last couple of years
- Running expenses (i.e. Heat, hydro, water, etc.)
- Age of major appliances like the furnace, water heater, etc and any warranties that are still available.
- Find out if they are willing to continue to help with the maintanance of the farm for things like roofs, windows, etc.

The above are very important factors to consider. How much land is with the buildings? How will the property be listed on the tax rolls without the additional land that has been sold? There just may be a different rate applied. How much will it cost to insure all the buildings that you have and maintain liability insurance? Before you can make a decision on an emotional level, you need to determine what the costs are on a financial level and if it will be possible for you can cover them.

I wouldn't advocate trying to lease out property in one state while living in another. I've done that and it is a pain, unless you personally know and trust the people to whom you would lease it? Even given that, it is difficult to make your income cover your expenses.

On the other side of the coin, living in Arizona will be so different from living in Minnesota. Is your family certain that they will be happy there? Would *keeping the farm* be possible as a joint project with everyone sharing in the expenses to do that? I don't need to know the answers to any of these questions, just something for you to think about.

[areias]

I say keep it if you can afford it. Or keep it until you get a big enough offer to move to a better place .

In the meantime, I'll lease it from you!!