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I think, especially since he wants it to keep his privacy, that you should sell it to your employer. Those who value privacy will go to great lengths to keep it. Saying no will cost you the extra profits, but most importantly, it could cost you your income.
I know it's crappy for the neighbors son, but just try to explain it and express that you are sorry it had to be this way.
That's exactly what I want to do but I I'm going to feel like a jerk if I do.
Yes, you will, but it will pass in due time. Real estate deals fall through all the time, and since there was no written contract, you can do what you feel is best. And you already know what is best.
Yes, you will, but it will pass in due time. Real estate deals fall through all the time, and since there was no written contract, you can do what you feel is best. And you already know what is best.
No contract but that's the dilemma, I always thought a verbal agreement should be held.
No contract but that's the dilemma, I always thought a verbal agreement should be held.
I'm certainly far from being a lawyer, but legally I don't think he has a leg to stand on. If you're talking about the moral obligation of staying true to your word, then that's something you'll have to grapple with, and if you decide to sell to the employer, you may have to live with some guilt feelings. But don't let it eat you up. Life goes on, deals get made; some go through and others fall through.
I know your right Henna, that's what I will do. He is young. And will have plenty of opportunities to acquire land. I bought this land when I was young, figuring it like money in the bank. That's what I should use it for.
I did agree on a price and then proceeded to survey, then the second neighbor asked the surveyor what was going on. It is right across from him so he offered an outrageous sum to keep his privacy.
Quote:
Originally Posted by cvap
No contract but that's the dilemma, I always thought a verbal agreement should be held.
I did not realize that you had agreed on a price. Did you shake hands on the deal or just a verbal contract?
That is a real dilemma.
How big is the land that is for sale? Is it possible to sell a small strip to your boss where he can grow tall trees or build a tall fence to block the view of the other land and to keep his privacy?
I did agree on a price and then proceeded to survey...
So you have an implied contract. You'd best consult with an attorney before deciding to sell it to the other guy. Implied contracts are legally enforceable
I did not realize that you had agreed on a price. Did you shake hands on the deal or just a verbal contract?
That is a real dilemma.
How big is the land that is for sale? Is it possible to sell a small strip to your boss where he can grow tall trees or build a tall fence to block the view of the other land and to keep his privacy?
We verbally agreed on a price and it is 14 acres. Maybe 5k to cut another lot that would have to approved by the Town. Worth a try
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