My neighbor asked if I would be interested in selling some of my yard

[IHateMyJob2004]

Very true, but the cost to have the land surveyed, a land sale penned and stamped, and new deeds transcribed would be no more than $1000 max and more likely in the $500 range if you can find a surveyor that can come affordably. And that would all fall on his end, the purchaser, if he wants the property. With 1.5 acres on the chopping block here, and assuming this is in a somewhat decent residential area, I would think the land would be easily $5000 - $10,000 and exponentially more if context warrants it.

I mean, if the sale was less than that, why even bother...?

It's not 1.5 cares. It's 10x100 feet. Check the OP again. it's a 100 foot driveway. I honestly though the guy currently has a deeded right of way and just wants to own his own driveway. I don't think that is the case though.

 

[jagec]

I'd give you cash. You'd have a lesser tax burden and I'd pay all lawyer fees.

And you'd have less land. It's not all about money.

 

[Maximilian]

i believe you also have to figure in all the red tape that goes along with it. you just don't say " here ya go, thanks for the money". deeds and other legal things have to be considered.

This.... don't bother!

 

[BoomerD]

Tell him you'll sell him your yard...house and all...otherwise...

 

[IHateMyJob2004]

And you'd have less land. It's not all about money.

Is it usable land?

And .... 10x100 = 0.0229568 acres

OP has 1.5 acres.

So, he'd be selling 1.53% of his land.

Not the end of the world. I'd only worry about the intended use of the land. if it is in an area you see alot, I'd dead it such that no structure can be placed on that land.

 

[EagleKeeper]

Sell him the land at a fair price.
Your home owner insurance should be able to give you a clue to structure vs land cue.

Put in a convent that the land can not be developed on other than a fence of X ft high and type Y.

This allows him the space requested, but protects your concerns about "mis use" of the property.


Or just grant a right of way with restrictions.

It just state that it is ok for know to use it as long as nothing is done to the land and he maintains it.


Barter system, happy neighbors

 

[weadjust]

Is there a loan on the house/land? If so it would be a pain in the azz doing all the paperwork and possible re-finance. Probably not worth it.

 

[justoh]

You'd be selling him access to your land, not land. It will always be a feature of your property and show up on the title report. If it was more land maybe some kind of sensible subdivision could be negotiated with whoever manages the land registration, but surely they can't just allow people to casually redefine land boundaries.

 

[EagleKeeper]

You'd be selling him access to your land, not land. It will always be a feature of your property and show up on the title report. If it was more land maybe some kind of sensible subdivision could be negotiated with whoever manages the land registration, but surely they can't just allow people to casually redefine land boundaries.

As long as it does not violate zoning regs, land can be sold between people..

 

[justoh]

As long as it does not violate zoning regs, land can be sold between people..

I'm assuming it would be violative. There must be some kind of minimum lot size, and surely you can't sell lots that size. Then again, maybe they do. Seems unreasonable though, but it would be easy to find out that information...

 

[Sluggo]

You'd be selling him access to your land, not land. It will always be a feature of your property and show up on the title report. If it was more land maybe some kind of sensible subdivision could be negotiated with whoever manages the land registration, but surely they can't just allow people to casually redefine land boundaries.

You have no idea what you are talking about.

 

[jagec]

Is it usable land?

And .... 10x100 = 0.0229568 acres

OP has 1.5 acres.

So, he'd be selling 1.53% of his land.

Not the end of the world. I'd only worry about the intended use of the land. if it is in an area you see alot, I'd dead it such that no structure can be placed on that land.

Oh, I agree. A bit of money in his pocket and a happy neighbor in exchange for having to move the fence in a smidge is probably worth it in this case.

But I understand why, having spent a bunch of money to acquire said land, people aren't always eager to re-sell it, even piecemeal.

I'm assuming it would be violative. There must be some kind of minimum lot size, and surely you can't sell lots that size. Then again, maybe they do. Seems unreasonable though, but it would be easy to find out that information...

They aren't creating a new lot, they are moving the line between two existing lots. Assuming that the move doesn't cause either of them to fall below the minimum lot size (unlikely in this case), and no other regs are violated, there is no reason why the transfer can't go through.

 

[CPA]

You'd be selling him access to your land, not land. It will always be a feature of your property and show up on the title report. If it was more land maybe some kind of sensible subdivision could be negotiated with whoever manages the land registration, but surely they can't just allow people to casually redefine land boundaries.

I live on 1.5 acres. All of the homes in this subdivision have 1.2 acres or more. I was offered a portion of a neighbors lot (behind me) that had no structure on it at time of the offer, but declined (I just didn't have the cash). However, my next door neighbor picked up another piece of the same property. Surveys were done, property lines were redrawn and as far as the county's records show that portion of land is now owned by my next door neighbor. It can be done and is done.

 

[justoh]

Sorry for my mistake. Redraw the lines then. Sorry for speculating. Just seemed too good to be true that it be so simple to sell off a 100 foot driveway's worth of land, but I stand corrected. Maybe you can do it online with some kind of java application.

 

[marvdmartian]

I'm disappointed. I thought for sure we'd see a crappy drawing of the lots, houses & driveways, done up in MS Paint, by now!! :hmm:

 

[Cattlegod]

don't sell it to him - lease it to him, that way you might not have to worry about a bunch of rules with refi/title/etc. charge him an upfront fee of what it would take to remove the driveway and return it to normal, then a nominal monthly fee and put in rules of what he can/cant build. that way at the end of the day, you get money and get to keep your land.

 

[BoomerD]

Something I didn't see...how do you get along with this neighbor?

Is it worth "losing" a piece of ground to make him happy?

While having good relations with neighbors is always a good thing, making them happy was never one of my concerns.

 

[OutHouse]

i believe you also have to figure in all the red tape that goes along with it. you just don't say " here ya go, thanks for the money". deeds and other legal things have to be considered.

Redoing the plat will be expensive.

 

[Miramonti]

Worst case scenario...he buys it and uses the extra land to help open up a day care center for a dozen or so screaming kids.

 

[MotionMan]

Offer him a revokable easement. Let him pay to take down the tree. Make him insure the land and indemnify you. Have the easement expire once he is no longer the owner or with 6 written months notice.

Or something like that. YMMV.

MotionMan

 

[Red Squirrel]

don't sell it to him - lease it to him, that way you might not have to worry about a bunch of rules with refi/title/etc. charge him an upfront fee of what it would take to remove the driveway and return it to normal, then a nominal monthly fee and put in rules of what he can/cant build. that way at the end of the day, you get money and get to keep your land.

That's probably the route I'd go too actually. Also have to consider what happens if he moves.

 

[colonelciller]

I wouldn't sell it, plus I would go pee on the part of your land he wants to show your dominance.

lol

 

[pete6032]

You should be able to look up the assessed value of your parcel's land through your county GIS online. Divide that number to get value per square foot and that will give you a starting point ballpark number.

 

[fstime]

from your description, it sounds doubtful, but make sure he isn't trying to purchase the land in order to become eligible for subdividing his lot and putting up another house.

usually the requirement would be 100ft frontage, and a total of ~15 ft on the sides combined.

Either way, if you really dont mind, ask a very high figure, such as 3x market value per square.

 

[BoberFett]

Instead of selling the land, sell him an easement.

It's not 1.5 cares. It's 10x100 feet. Check the OP again. it's a 100 foot driveway. I honestly though the guy currently has a deeded right of way and just wants to own his own driveway. I don't think that is the case though.

Oh, he already has an easement. Then why would he want to buy it? That doesn't seem to make sense.