Getting it running, if its only a carb rebuild, would be worth the investment.
Leaks and other issues aren't worth the time; but there is a huge difference in a running tractor, or one that doesn't start and you say, well its just a simple fix.... Buyers have heard that line often, and will discount the price an entire engine overhaul based on it not running, because that is often what is really needed. Also with the price of rubber these days, good or bad tires affect the price a lot, but you just have to go with what you have. Good the tires hold air, you won't come out replacing them, but if wore out they certainly lower the tractor value these days.
If you can have someone in and get it running for a couple hundred bucks, you will get a lot more for it if buyers can hear it run, make the tranny move the tractor. Buyers are fine with fixing their own leaks and stuff, but they want to see it run and move a bit to know the power train is operational.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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