Wimund married into the Grenville family; and in 1497 his son and heir, Walter, was born. Before the boy attained majority the father died. As Dr. Brushfield, a Devon antiquarian, to whose diligence and enthusiasm all students of the life of Walter Ralegh are indebted, has shown, Walter Ralegh of Fardell, on the termination of his minority, in 1518, was possessed, in addition to Fardell, of the manors of Colaton Ralegh, Wythecombe Ralegh, and Bollams. He may be presumed to have succeeded to encumbrances likewise. Part of Colaton was sold by him; and he did not occupy Fardell. As he is known to have owned a bark in the reign of Mary, it has been supposed that he took to commerce. Whether for the sake of contiguity to Exeter, then the centre of a large maritime trade, or for economy, he fixed his residence in East Budleigh parish, on a farm, which was his for the residue of an eighty years' term. His choice may have been partly determined by his marriage to Joan, daughter to John Drake of Exmouth. The Exmouth Drakes were connected with East Budleigh; and Joan's nephew, Robert Drake, bequeathed charitable funds in 1628 for the benefit of East Budleigh parish in which he lived. The dates of Joan's marriage and death are uncertain. It is only known that the two events occurred between 1518 and 1534. Her tomb is in East Budleigh church, with an inscription asking prayers for her soul. She left two sons, George and John. Secondly, Walter married a lady of the family of Darell or Dorrell, though some genealogists describe her as Isabel, daughter of de Ponte, a Genoese merchant settled in London. She left a daughter, Mary, who married Hugh Snedale. On her death, some time before 1549, Walter married thirdly Katherine, daughter of Sir Philip Champernoun. She was widow of Otho Gilbert, of Compton and Greenway Castles, to whom she had borne the three Gilbert brothers, John, Humphrey, and Adrian. By her marriage to Walter Ralegh of Fardell she had three more children, Carew, and Walter, 'Sir Walter Ralegh,' with a daughter, Margaret, described sometimes as older, and sometimes as younger than Walter.