The Offer

[bigscoop]

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

Bigscoop, The information on the cache will not be shared with the land owner. The money was not stolen and belonged to the cacher who is long gone. I have a good lawyer and a good accountant so the only problem is locating the cache after getting permission to search. I don't leave loose ends or many records. Frank

Then you probably already knew going in how to best approach the situation in order to get deal you desire. Good luck.

 

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[lookindown]

Your lucky he offered you anything, most times people tell you to stay off their land when they find out there is treasure on it. Its his land. If you fell like your getting cheated leave him alone. You say he will come around to your offer, I think you are the one thats going to come to your senses.

 

[Scar]

Lookingdown, you sound like a person that has never negotiated a deal.

 

[gleaner1]

Offer 60/40 in his favor. I bet he bites. No sense in being greedy, is there? After all, it is 100% his, isnt it?

 

[bigscoop]

Either way, if nothing else it should prove be a good learning experience.

 

[maipenrai]

Well, why dont we try to stick with the real situation. There is no use in asking why he had a partner, I think he has been in this sport for a while, and if he believed he needed a partner, then he did. I am in the same situation, Im doing most of the research, and need a partner, and I wouldnt try to offer him any less, than a 50/50 split. If you have a partner, with a 50/50 split, then he has to be worth it, but once you make the deal, you dont go back on it.

So now the problem is, what is the split, and I feel like Franken does, BUT, that probably wont work, like everyone said, its the land owners treasure. Whether he will be able to recover it or not, that is another issue. Put your feet in his shoes, would you accept 1/3 of "your" treasure? One thought is, why not hire a negotiator? It would be better than trying to bump heads with the owner. With an outsider, the land owner might come down on his demands. Yes, you would have to pay the negotiator too, and thats out of someones pocket. What about doing the 1/3 split, but deducting the expenses off the top first? The problem seems to be now, that there is no thinking out of the box, just going around in circles. I do this also with a problem, but after discussing things with an outsider, sometimes a good answer comes along. The option of just moving on, is always there, but thats the last choice and bad for both.

Good luck!

 

[Keppy]

Offer 60/40 in his favor. I bet he bites. No sense in being greedy, is there? After all, it is 100% his, isnt it?

Your right there...

 

[Frankn]

You guys have to look at the time factor. Here's the situation. He bought this land cheap, close to the $50k offer. He does not live on the land so this is a worry factor that must be entering his mind, possibly that the cache is ungarded. He knows nothing about the cache, that is who buried it ,the form of value, the location of the burial site. On my side of the time factor is the fact that there are several inches of snow on the land so I can't look for it now anyway. The waiting game is in my favor. And there is always catch 22, the fact that I know he can't find it. Don't ask ! Then there's the fact that I am working with 2 other caches both of which are bigger than this one. I think I am in the catbird's seat.
All this talk about not needing a partner is from people that don't understand how this makes the job easier. When I talked to my partner in the beginning, he offered to take a smaller cut but I said I expected him to do half the work so he should get the same as me. He has done half the work so I don't want to see either of us shortchanged. Frank

 

[calisdad]

Sounds like you've got a stalemate. If he wants a 50/50 split he should at least pick up 50% of the expenses. I don't think you'll get a better deal.

I do suppose you've protected yourself from your reasearch specialist approaching him. I'd take the above deal so you're free to move on. It's taking up space in your head now. What's that worth to you?

good luck.

 

[dogpound]

i someone approached me and told me there was a possible cashe on my property and only offered my 30% i think i'd be doin some research about the property, after all you found info about this possible cashe so i'm sure so could the homeowner if he was really willing. the homeowner definately has the ace in the hole......he owns the land and has all the time ta look for it

 

[Keppy]

i someone approached me and told me there was a possible cashe on my property and only offered my 30% i think i'd be doin some research about the property, after all you found info about this possible cashe so i'm sure so could the homeowner if he was really willing. the homeowner definately has the ace in the hole......he owns the land and has all the time ta look for it

your right there Dog Thats what i think also if one person can find the information... Then someone else should be able to find the info.. And i still don't understand why Franken and his buddy wants to tell the world about it ?

 

[dogpound]

finding out that a cashe was on the property was the hardest part of the research........now that the homeowner knows that detail its just a matter of him lookin for it, 9 acres isn't a huge property and odds are it would be in the house or an eyes view of the house.

 

[Treasure_Hunter]

Frankn, you have the right to ask for what ever you want even if others don't agree (75/25) just like the owner has the right to refuse it.... Since you can't recover it with out his permission since he alreadys knows about it the ball is in his cornor. He may think he can find it on his own till he finds out how much work is involved in searching 9 acres. The cache may or may not be close to the house, it could have had out buildings that are no longer there where it was buried close to.......

Do what ever you feel comfortable with, in the end it is your choice.... It is going to bother the owner to know it is there just as much as it bothers you. He may change his mind after he spends hours with a detector or a friend and his detector and do not find anything...

 

[Keppy]

finding out that a cashe was on the property was the hardest part of the research........now that the homeowner knows that detail its just a matter of him lookin for it, 9 acres isn't a huge property and odds are it would be in the house or an eyes view of the house.

That is what i said dog 9 acres is a very small area ... So it would be easy to hunt....

 

[Keppy]

Frankn, you have the right to ask for what ever you want even if others don't agree (75/25) just like the owner has the right to refuse it.... Since you can't recover it with out his permission since he alreadys knows about it the ball is in his cornor. He may think he can find it on his own till he finds out how much work is involved in searching 9 acres. The cache may or may not be close to the house, it could have had out buildings that are no longer there where it was buried close to.......

Do what ever you feel comfortable with, in the end it is your choice.... It is going to bother the owner to know it is there just as much as it bothers you. He may change his mind after he spends hours with a detector or a friend and his detector and do not find anything...

TH............... You are right he has the right to ask what ever he wants ............ But he did put it up and ask every one on Tnet.................. So you know right there ...... There will be different opinion's here........... A lot of them............. So don't blame us for that TH.........And no matter what we say here............. He will do what he wants to any how.............

 

[Burdie]

Well well I am confused Franklin. You speak of the value of all your research to get a share of the loot and then say getting zero is better than getting less than 1/3. So which is it. Your time is worth something or it's not. By the way who pays taxes on this property the owner or you. You better get on your knees and pray he takes that deal. Your cache hunting will not fair well unless you find a sucker. Just my opinion. I will say good luck to you and works out.

Burdie

 

[Frankn]

9 acres is not hard to search? WE are not talking about a park with nice cut grass. This is an overgrown farm with falling down structures, rolling country complete with rattlers. No one lives on this property.
Now picture this, some one wants you to look for a cache on 9 acres of overgrown snake infested land. They don't know the form or location of the cache.For all you know, it could be thousand dollar bills in a wooden box. I have done this before and believe me it isn't easy. I sometimes wonder about people that come up with, " It is easy". I live on a farm, I know what 9 country acres looks like and it is not easy ! Now as far as the land owner is concerned. He doesn't metal detect or he wouldn't have asked for 50/50.. So he has no TH experience, no research experience in tracking caches, He doesn't have a clue about the story connected to the cache, so in effect he is left in the dark and I am the light switch.
He has two choices, fumble around in the dark or sit back and relax and wait for me to hand him the $50K.
I don't know where some people get the idea that he will find it. Frank

 

[Scar]

Frank after re-reading this post it looks to me as if you have only contacted this person a couple of times and those contacts were by mail and email. Have you ever met him face to face? If you haven't met him go chase your other treasure leads. Did you actually tell him that a 1/3 cut may be worth 50 grand?

 

[lookindown]

Lookingdown, you sound like a person that has never negotiated a deal.

Let me spell it out for you....I think the 50/50 is a good deal.

 

[Bayter]

Frankn,

It sounds as if your not hurting for money. So if that being the case I agree with you. Let him stew in his own juices. He'll be back to you when he tries and fails. Good luck brother.