He thinks after a few years of recovery in this area it could be worth $325 an acre. (150 * 325 = $48750 per year in lease income).5 siblings, the siblings will be buying out the other three.Farm Land Value: 150*$7500(per acre) = $1,125,000/5 = $225,000Total Land Value: 200*$7500(per acre) = $1,500,000/5 = $300,000Currently Leasing for: 150 acres * 200 = $30,000 per yearBelief of future leases: 150 acres * 325 = $48,750 per year$48750/$1,500,000 = only 3.25% return, am I missing something on this?

Caveat is I dont have all the cash on hand to buy them out, so would need to buy the siblings out per a loan. 

If you still are set on buying a property it might be wise to invest with a friend or family member (siblings/cousins?).

Make the sale conditional on the siblings vacating the property.

You can't enter into a binding purchase agreement with somebody who doesn't own the property.I don't see how it's possible to avoid probate here.Next you'll find out he has 3 siblings and you have been negotiating with the future owner of 25% the property.

Hey all, My mother had just let me know yesterday that she was wanting to sell the home I and siblings grew up in.

I have had deals nixed because of siblings, inlaws, cousins, and ex-wives being the agent.

Because when you misunderstand the ladder of importance in relationships, you only bring pain to everyone involved... spouse, children, grandchildren, parents, siblings, etc.

If the one sibling wsnts the house, then that sibling should buy if from the estate using a mortgage if necessary, so that the other siblings get their share without concerns of sharing liabilities without being compensated for doing so. 

I would try to find a partner (mom, dad, sibling?)