Creative agreement/contract ideas

[Dylan D.]

Hello, I will try to refrain from writing a whole book here trying to explain my situation. I currently own a small piece of vacant land 5 acres in a very desirable location (school district etc). It was purchased years ago with plans of building eventually. Surrounding my property is a 70 acre tract of land which is absolutely beautiful untouched ground. And over the past few years I have never seen anyone on this property. After doing some research I have located the owner and I went to his house to talk to him to see if he had any interest in selling the property. The gentleman is 95 years old the farm has been in his family since 1930, he has no living children only a couple grand children. He loved talking about the property but the interest level of selling it was not that high. The property is very sentimental to him and he told me that eventually he will need to sell but at this time right now he dosnt want to make any decisions. So that is where I’m looking for different options I don’t care if this man lives another 25 years and never sells the property I have no problem with him owning the land around me. What I do want is the option to buy when he does sell. At his age and my plans to build a home etc it is scary who could soon own everything that surrounds me. So what kind of approach could I go at this with some type of right of first refusal agreement? Basically I am perfectly fine with him not selling it right now i just want to be the person that has the option to buy when he does..thanks for any help