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Thread: The Offer

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  1. #1
    us
    I deal in reality

    Mar 2010
    Maryland
    XLT , surfmaster PI , HAYS 2Box , VIBRA-TECTOR
    7,856
    1948 times

    The Offer

    Well, my partner and myself have found the site of a cache. I sent an offer to the land owner of 1/3 for my partner,1/3 for me and 1/3 for the land owner. His reply was he would only accept a 50/50 deal. I sent an E Mail ex planing that we had spent months of research time and on the ground research time plus paid for additional info. I mentioned that if the cash had already been found we loose time effort and money on the search but he looses nothing. I also ex planed that possibly months of electronic searching may still be required. The question for this post is do you think he will accept the 1/3 cut? Frank

  2. #2
    us
    Nov 2008
    Toll Free ~ 855~966~3563
    12,715
    76 times
    Relic Hunting
    Banner Finds (1)
    Honorable Mentions (2)

    Re: The Offer

    It's certainly worth making an offer Frankn. I'll bet he goes for it
    I hope you find it!

  3. #3
    us
    I deal in reality

    Mar 2010
    Maryland
    XLT , surfmaster PI , HAYS 2Box , VIBRA-TECTOR
    7,856
    1948 times

    Re: The Offer

    I did make the offer. I will let you guys know his reply. Frank

  4. #4

    Oct 2005
    XLT, Whites D.F., Treasure Baron, Deepstar, Goldquest, Beachscan, T.D.I., Sovereign, 2x Nautilus, various Arado's, Ixcus Diver, Altek Quadtone, T2, Beach Hunter I.D, GS 5 pulse, Searchman 2 ,V3i
    1,601
    118 times
    All Types Of Treasure Hunting

    Re: The Offer

    I would take the 50/50 split. His land and whats on it belongs to him. Stick out for to high a share and he may buy a detector himself or bring in one experienced person to search for him.
    TreasureWriter and heathgeo like this.

  5. #5
    us
    May 2008
    Virginia
    Tesoro
    1,634
    4 times

    Re: The Offer

    Whats to say there isn't only two or three coins in the cache? Tell him if you find it, depending on how many coins are inside, we can split them up.

    I'd hate to lose out on a possible cache, but if he says no, it's better to lose half than all of it.
    __________________________________________________ _____
    [size=12pt]Proud to be Straight Edge[/SIZE]

  6. #6
    us
    Mar 2009
    Illiniois
    Fisher F70 with 11"DD coil, CZ-21 with 10" coil, Fisher 1265X
    228
    10 times
    All Types Of Treasure Hunting

    Re: The Offer

    There's no way I would accept that offer if I was the land owner. What if you had another guy in your group, would it be a split of 75/25? There are only two parties to this.......yours and the land owner......50/50. How would you feel if it was just you hunting for the cache and the landowner told you that since he's married he should get 2/3 of the find and you should get only 1/3?
    sleepwalker, Papa Bear and laurenB like this.

  7. #7
    us
    Jan 2012
    mississippi
    gold digger metal detector
    21
    All Types Of Treasure Hunting

    Re: The Offer

    the land owner wants a awful lot at 50/50
    since you and your partner are doing all the hard work
    who knows what could be in the cache
    1/3 offer seems like reasonable offer

    good luck with it

  8. #8
    Charter Member
    us
    treasurelagoon.wordpress.com

    Jun 2010
    East Coast Florida
    An older blue Excal with connector, remote, Skullie headphones, and various coils. Got rid of the rest of my machines.
    8,246
    2672 times
    Beach and Shallow Water Hunting

    Re: The Offer

    No...I'd say he'll probably decline the offer. It's his land, it's his cache, and he's the only one at any real risk. I think the 50/50 is, "fantastic offer for you."
    "The key to finding gold is finding places where it can be accessed."

  9. #9
    us
    I deal in reality

    Mar 2010
    Maryland
    XLT , surfmaster PI , HAYS 2Box , VIBRA-TECTOR
    7,856
    1948 times

    Re: The Offer

    I haven't gotten a second reply yet, but here is how I look at it. My partner and myself have put in months of computer and on the ground time to locate this cache. In the last part of the search it seemed hopeless untill I contacted a "specialist" in locating people and places. I had to offer him a 10% split to locate it. he found it in 2 days complete with present owners name and address. The present owner has nothing to loose in this deal if nothing is found, but my partner and I will have lost a lot. Why should my partner and I accept 25%each and the owner collect the lions share of 50%? At 1/3 the owner stands to pick up $50,000.
    The way I look at it allocated shares only go to the actual work providers and the land owner.
    When I work with a partner, I agree ahead of time if we are going to pool and split finds or keep what we each find. In this case there are 3 partners, my partner , the land owner, and I. Frank
    Prospecting P. likes this.

  10. #10

    Apr 2008
    359
    7 times

    Re: The Offer

    Get a written contract, or you might not get anything.

  11. #11
    us
    Jan 2006
    Hillman,Mi.
    GTI 2500
    58
    1 times
    All Types Of Treasure Hunting

    Re: The Offer

    Wishing you the best of luck Frank! Please keep us posted as to what happens
    CACHEHNTR,

  12. #12
    us
    The Pool Table Is My Yard

    Jul 2008
    WV
    Fisher F2
    1,599
    23 times
    All Types Of Treasure Hunting

    Re: The Offer

    Whatever the deal, You and your partner should still come out of it well..

    Good Luck to you and your Partner Frankn..

    Theres A Place For All Creatures..Right Next To The Taters And Gravy..

  13. #13
    us
    Oct 2009
    4,485
    1908 times
    All Types Of Treasure Hunting

    Re: The Offer

    Quote Originally Posted by Frankn

    My partner and myself have put in months of computer and on the ground time to locate this cache.
    Be very careful. According to this statement you have already been tresspassing on private property in attempts to track down the cache. You might not want to include that in the negotiations.

  14. #14
    Charter Member
    us
    treasurelagoon.wordpress.com

    Jun 2010
    East Coast Florida
    An older blue Excal with connector, remote, Skullie headphones, and various coils. Got rid of the rest of my machines.
    8,246
    2672 times
    Beach and Shallow Water Hunting

    Re: The Offer

    You know Frankn, something you might consider doing is offering the land owner a percentage deal based on a curve. Maybe something along the lines of, "the more you recover the larger percentage, or share, for you and your partner." There's no way to know how the land owner will respond to your current offer, but if he accepts it, or any offer for that matter, then he is opening himself up to all sorts of potential problems and legal issues on down the road. There is a lot for a land owner to consider in deals like this. This, and also the fact that he already owns 100% of any cache that might be found on his land, is why I said I think a 50/50 is a fantastic deal for you and your partner. Hope it all works out for you one way or another.

    By the way, what is the estimated value of the cache if it would happen to all be there? This could also influence any deals to be made as I would think it would have to be pretty sustantial for the type deal your suggesting to the land owner.
    "The key to finding gold is finding places where it can be accessed."

  15. #15
    us
    Apr 2011
    South Pa.
    MXT XP DEUS
    46
    3 times
    Relic Hunting

    Re: The Offer

    UK Brian is right! As a landowner, I would kindly thank Frankn and tell him to never come back!
    I will find it myself and keep the 100%. A 1/3 offer would be telling me that I'm a REAL IDIOT!!!
    Went as Strangers Came Home as Brothers

 

 
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