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.
Cute bungalow on 2 acres outside the city.
The owner owns the house out right.
The problem is that the house sets on familial land that owner shares with siblings (equal undivided). There has been fandangling so that the house and small fenced in area, that would equal a more or less normal lot size (5K sf) in a city, is expressly owned by owner.
There is an easement running along one side of the property so access would be guaranteed to house.
I've suggested to the owner to get with her siblings and partition the land. She knows that will bring a hail storm as the siblings are already up in arms as they feel the owner doesn't have the right to sell her house.
For ties that bind, the owner is reluctant to sell her stake in the greater surrounding land.
There's a buyer for every scenario but I can see this as a deterrant for a good majority of them.
There's a buyer for every scenario but I can see this as a deterrent for a good majority of them.
There's a word for the minority that would buy the house under those circumstances.
STUPID
Quote:
Originally Posted by recuerdeme
There has been fandangling so that the house and small fenced in area, that would equal a more or less normal lot size (5K sf) in a city, is expressly owned by owner.
No it's not. Not without being officially subdivided and deeded to the occupant of the house.
So a postage stamp lot has been carved out of a 2 acre parcel, with a long skinny access strip, in an area where the standard lots and parcels are probably 2 acres or larger? If the house is located the way people normallly build a house on 2 acres, it's more or less in the middle which also means that anyone could build anything in front of it.
If the owner wants to sell it she needs to buy from her siblings enough of the 2 acres to make it a decent size lot. Best approach would be to buy all of it from them and then sell the thing as a house on 2 acres, like all the other houses in the area.
Weird stuff is always a bear to sell.
If you are a real estate agent I wouldn't get involved in this. If you are a buyer I SURE wouldn't get involved. If you are just a friend I would advise her "either sell your house to your siblings, or buy them out, but don't do any more subdividing or wrangling."
Where does the house get water and sewage from? If the lot is only 5000 sq ft or so it isn't big enough for well and septic (at least any place I have ever heard of)
As everyone else has mentioned this will turn out to be an ugly situation.
Sort of similar situation below. Just right up front...don't do it.
Friend listed a house that the owner misrepresented. It was a property with an airfield. The airfield had just one plane that afternoon and that plane belonged to the owner, the owner said. There were other houses in view but no one was close to each other...land spreading out. Everyone had a big lot, fencing for a few animals/pets. Cool. In further cautionary investigation, friend soon learned there was a HOA which the owner thought was a great thing...those other homes, although quite a bit apart, belonged to owners who were all part of the HOA and, in being so, owned a share of that airfield the owner thought was so attractive. Strangely, no one else had a plane or flew in or out of that airfield. Seems like everyone had a share in something that benefited the owner. This was a couple of years ago. Friend did not need the listing and, while others listed it over time, it was never a sound situation for any prospective buyer.
We see a lot of what is called Heirs Property in SC. Basically it is someone with a plot of land that over the years has allowed other family members to build on the property with no transfer of property thus no deeds. When it comes to selling it is legal boondoggle. Often taking years to settle.
If the siblings own the land they also own any and all attachments to the land. That's likely why they don't feel that the sister has the right to sell the house. How do you know that she "expressly" owns the portion of the land which includes the house? Is that what she told you? Unless that has been specifically deeded to her it sure doesn't sound like she owns it.
If the siblings own the land they also own any and all attachments to the land. That's likely why they don't feel that the sister has the right to sell the house. How do you know that she "expressly" owns the portion of the land which includes the house? Is that what she told you? Unless that has been specifically deeded to her it sure doesn't sound like she owns it.
It is stipulated in the deed and there are separate tax accounts as well.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
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.
