AMDZen
Lifer
- Apr 15, 2004
- 12,589
- 0
- 76
Wait a minute. How would the property value take a hit? Wouldn't the new owners get the $1800 a month once your sister moves out (assuming she does). I think it would have the absolute opposite effect.
"If you live here you get $1800 just because of this tower over here, which you can't even see from your porch (place on opposite end of land from house)."
Maybe the actual property value would be slightly lower (I doubt it would make much of a difference) but it would also be a selling factor for which you could jack the price up on the property. Who wouldn't want an extra $1800 a month just because theres a frickin' cell tower on the property.
"If you live here you get $1800 just because of this tower over here, which you can't even see from your porch (place on opposite end of land from house)."
Maybe the actual property value would be slightly lower (I doubt it would make much of a difference) but it would also be a selling factor for which you could jack the price up on the property. Who wouldn't want an extra $1800 a month just because theres a frickin' cell tower on the property.
Not sure if this has been mentioned, but it might be worth checking into either building the tower yourself and leasing space to other carriers, or having the contract drawn up where they can't sublease space on the tower to other carriers. If you can retain ownership of the tower and/or leasing rights, it has the potential to be much more than $1800/mo worth of income. Of course, that would also be more hassle for you.
Quoted and bolded for all the morons with zero reading comprehension around here. :roll:Originally posted by: GeekDrew
I live in the country... farmers *love* it when companies want to put cell towers on their land. It just means money rolling in, with no real negative.
Cell towers generate very little traffic - maintenance men & inspectors, on occasion. Nothing big. I'm assuming that land value drops in some areas - but around here, there doesn't seem to be any negativity in regards to purchasing land with a tower on it.
However - many people have been screwed out of having towers on their property because they did not accept the first offer - my uncle was one of those people. Some company (either Verizon or Cingular) asked my uncle if they could build a tower on top of one of his hills - they said that it would be the most ideal place around... I think that they were going to give him $1700 / month. He asked them if it would be possible to also have a free cellphone for him and his wife - and that was apparently enough of a debate to make them stop considering his farm -- they went with the next door neighbor's farm, even though they admitted that the conditions were not as favorable on the neighbor's farm. My uncle was pissed off at himself for not accepting their first offer.
It seems apparent to me, if JBT's sister balks, or starts trying to negotiate the least changes to the offer, she could very well end up on the outside looking in. This has been backed up by more than a couple examples!
1) Lawyer
2) Lawyer
3) Lawyer
I would seriously consider taking the offer, but they need to make sure the amount will adjust upward each year to at least keep pace with inflation.
They need to look at it as "if someone gave you a free home, would you move?" Although I don't know the area, I'd imagine that $1800 would pay for their property outright in 15-20 years. Assuming that the contract (see laywer comments above) allowed for renegotiation after a fixed period of time, I imagine that after 10 years they can decide they don't want the tower any more, and their house will have been paid for so they don't need the extra income.
Of course all this would also depend on where exactly they put it. If the tower goes right next to their house - that's bad. If it goes at the opposite corner of the lot.. may not be such a big deal. As others also said, see about subdividing the parcel so that they can hold onto the land the tower is on if they ever sell the house, etc. Lots of minor details to worry about, but sounds like it may be a worthwhile endeavor if they use the $ wisely.
2) Lawyer
3) Lawyer
I would seriously consider taking the offer, but they need to make sure the amount will adjust upward each year to at least keep pace with inflation.
They need to look at it as "if someone gave you a free home, would you move?" Although I don't know the area, I'd imagine that $1800 would pay for their property outright in 15-20 years. Assuming that the contract (see laywer comments above) allowed for renegotiation after a fixed period of time, I imagine that after 10 years they can decide they don't want the tower any more, and their house will have been paid for so they don't need the extra income.
Of course all this would also depend on where exactly they put it. If the tower goes right next to their house - that's bad. If it goes at the opposite corner of the lot.. may not be such a big deal. As others also said, see about subdividing the parcel so that they can hold onto the land the tower is on if they ever sell the house, etc. Lots of minor details to worry about, but sounds like it may be a worthwhile endeavor if they use the $ wisely.
Make sure to tell your sister to ask for the antennae that looks like a fake tree. Our office has one at the back lot. From a distance, 20-30 yrds away, it looks like a real tree.
IHateMyJob2004
Lifer
- Sep 29, 2004
- 18,656
- 68
- 91
Neighbors will hate you. ome value will becut in half, etc.
If they do it, move ASAP! And that's chicken sh!t. Tell them $2500/month.
How much is the land worth? You will take a small hit but I bet the money you make is more than the hit. Take the money and save it for retirement and you should have a nice amount by the time you retire assuming you are not that old.
Verizon will go the person next store if you try to up the amount by too much. Like other people have said, its either going to be you or one or your neighbors. Someone will give in for the money.
<---Works for verizon wireless
Verizon will go the person next store if you try to up the amount by too much. Like other people have said, its either going to be you or one or your neighbors. Someone will give in for the money.
<---Works for verizon wireless
Is the money on going or just during the building??
If its on-going, negotiate the price to maybe 2200 a month, and free cell phone service of my family. (Dont get greedy about the phones and your entire relatives)
Be subtle about it..
If they will only pay you during the building, then negotiate a plan and tell them after it is done built, I want 600 a month plus free phone bills...if anyform of Cancer or etc...disease occurs, you are responsible.
If its on-going, negotiate the price to maybe 2200 a month, and free cell phone service of my family. (Dont get greedy about the phones and your entire relatives)
Be subtle about it..
If they will only pay you during the building, then negotiate a plan and tell them after it is done built, I want 600 a month plus free phone bills...if anyform of Cancer or etc...disease occurs, you are responsible.
did you ask for the full plan that verizon try to do? what does the tower look like how much spaces does it takes, health risk report due to the tower radiation??? or whatever they thing may impact your family.
if it's to much of a risk then i would force them to sign a lease for 15 years, and also include a clause in there to have 5% increase in lease per year. take the money and buy a new house. i means we buy and they pay for it. you will have 2 houses in 15 years.
if it's to much of a risk then i would force them to sign a lease for 15 years, and also include a clause in there to have 5% increase in lease per year. take the money and buy a new house. i means we buy and they pay for it. you will have 2 houses in 15 years.
Originally posted by: Zebo
Really? cool! I have 5 acres how do I pimp my land out and jump on this gravy train?
They have engineers figure out exactly where the tower needs to be, so unless you are in that "exacty" location, you are screwed.
Just take the $1800 and RUN WITH IT! (not literally) This company seems very touchy about negotiating so play it safe because this is a once-in-a-lifetime opportunity...
I'd still ask for the fake tree though.
I'd still ask for the fake tree though.
For $1800 a month, let them build a bunch of towers. Go find another piece of land, away from the towers, and spend the $1800 a month on one helluva mortgage payment!
Thump553
Lifer
- Jun 2, 2000
- 12,837
- 2,622
- 136
In case your sister has not done anything yet, tell her to RUN, not walk, to a competent attorney to handle these negotiations-she will receive far more than her attorney will cost her.
Location is everything in real estate, but cell companies pay a fortune for site rent. I'm located in central CT which is substantially different than you, but I was involved in one case 5-10 years ago where the initial offer was in the neighborhood of $5000 per month. And in my town, when a cell tower went in a few years ago the site became the second highest taxpayer in town-jumping over a number of businesses and small shopping centers.
Also, it is not a given that she will get the deal. Numerous approvals are required & neighbors, etc. will be able to oppose it.
On the other hand, they may not want the tower-I wouldn't want one myself. but for the right price I'd do the deal and move.
Location is everything in real estate, but cell companies pay a fortune for site rent. I'm located in central CT which is substantially different than you, but I was involved in one case 5-10 years ago where the initial offer was in the neighborhood of $5000 per month. And in my town, when a cell tower went in a few years ago the site became the second highest taxpayer in town-jumping over a number of businesses and small shopping centers.
Also, it is not a given that she will get the deal. Numerous approvals are required & neighbors, etc. will be able to oppose it.
On the other hand, they may not want the tower-I wouldn't want one myself. but for the right price I'd do the deal and move.
That's what I had in mind, let the other pppl get the strange diseases, and she gets to keep the money BRILLIANT !!!! Like in that beer commercial
I would do some serious negotiation in the matter. They're obviously low-balling you with an initial deal. Anyone would. Bump that up to $2500 + inflation adjustments, plus free unlimited cell service for the entire family for a lifetime of the towers, and also have it clearly spelled out what type of improvements will be made to the access road.
Ask for THEM to deliver the information stating health risks so that when and if you develop cancerous tumors later in life, you can say "HEY, THEY TOLD US THERE WAS NO RISK THEY LIED!"
Then you are rich. But you have cancer.
Oh crap.
Then you are rich. But you have cancer.
Oh crap.
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