U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Illinois
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 03-26-2009, 05:57 PM
 
1 posts, read 6,683 times
Reputation: 12

Advertisements

I live out in the county in Towanda Illinois on 26 acres. Nearest big city is Bloomington /Normal 10 miles away. I owe still $ 80,000 on my house. I'm needing to make the most profit from my property. Can I divide up my land my home sit on and sell maybe 1 or 2 acre lots? I would appreciate any help on this matter. Thank so MUCH!!!
Reply With Quote Quick reply to this message

 
Old 03-26-2009, 08:51 PM
 
Location: Not where you ever lived
11,544 posts, read 25,927,866 times
Reputation: 6240
You can sell it all. You can sell one acre or you ca subdivide it. You will need a lawyer and you will have to survey the area you want to sell. Having bought property unimproved and with some utilities, the lots with some utilities will see better. Unless you have city water and gas, I would at minimum, put a night light at the back of each acre you sell. It is a good investment because electricity brinngs a better offer than no utilities. The downside is it the cash outlay before you sell anything. Do check for county ordinances and whether or not you can sell off part of your acreage. Accss/ingress to the acreage you want to sell is always an issue, roo. Well and septic are issues too. In some states, parcels with a well and septic cannot be smaller than 3/4 acre. Talk to a real estate lawyer first. It may save you a lot of trouble.

Last edited by linicx; 03-26-2009 at 08:58 PM.. Reason: edit
Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Illinois
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top