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Can They Force me to Sell my Lot?? - Page 3

post #31 of 47
Thread Starter 
Quote:
Originally Posted by Douglas View Post

It's very strange that they sold you guys the plot in the first place. I don't quite get that. Did you pay a premium on your own property for this fractional ownership of an unbuildable lot?
Anyways, a good position for you to be in, as you have good negotiating leverage.
Can I ask why you are so opposed to having another neighbor though? Who maintains this empty plot? Construction is marginally inconvenient, but I would think having a good neighbor buffering you from the main road would be a not altogether bad thing, particularly if you could make some money off it.
Edit: Sorry, I see that it's a cul de sac, not sheltering you from the main road. Either way, though, is having neighbors so bad? In a townhome arrangement I can see the advantages of being end-of-unit, but in this case....

No, no premium paid. It was basically a free additional bonus that came with the property itself. You could argue that I inherently did pay due to the seller's asking price encompassing it, but based on comps, there was no market premium paid for the extra land.

Mainly opposed because I'm at the end of a dead end street and it's quiet as can be. Also have three large dogs that would have significantly less land to run around on if the new property went up.

I maintain the lot for the most part. About half of it I mow and maintain the appearance, the other half is just natural growth that I try to keep somewhat in check.

Here's a diagram:
Ns31a.jpg
post #32 of 47
It seems perfectly reasonable that you would want to leave that land along. I for one would much rather have a neighbor on only one side than two. Hopefully this all works out for you without too much legal trouble.
post #33 of 47
Don't blame him either just weirded out by the 1 against 3 thing. The idea of them selling their shares in the lot and him holding out is good.
post #34 of 47
Take the payout. You'll be used to the new neighbor pretty quickly. The house will be done within 6 months. And you won't alienate yourself from your 3 neighbors. Take the payout.
post #35 of 47
Thread Starter 
Quote:
Originally Posted by Reevolving View Post

Take the payout. You'll be used to the new neighbor pretty quickly. The house will be done within 6 months. And you won't alienate yourself from your 3 neighbors. Take the payout.

I would if the lot was a bit larger and further out, but the proximity of it will make it a nightmare for us, especially with the dogs.

I hardly even see my neighbors to the right, so wouldn't really bother me to be further alienated
post #36 of 47
I would not sell. To even consider it,, the offer would have to be more than 1/4 of the sale price.You clearly benefit more than the others due to your location.
post #37 of 47
yeah that's what I had taken section 31 to state; any parcel owned by you would essentially be excluded from the sale, which would ultimately undermine the sale in its entirety since the lots do not see large enough to support a dwelling with adequate yard on 75%
post #38 of 47
I see two options.

A) sell and take the money, otherwise all your neighbors will be upset and you will end up with more problems then a home being built next to you.
B) Beat the offer from the builder and buy out the neighbors shares.
post #39 of 47
Thread Starter 
Quote:
Originally Posted by Wolfador View Post

I see two options.
A) sell and take the money, otherwise all your neighbors will be upset and you will end up with more problems then a home being built next to you.
B) Beat the offer from the builder and buy out the neighbors shares.

I'm not too concerned about the neighbors. The one two houses down just moved in and he's a local police officer. Doubt he'd be big on embarassing himself or getting involved in a dispute of this nature.
post #40 of 47
Quote:
Originally Posted by furo View Post

I'm not too concerned about the neighbors. The one two houses down just moved in and he's a local police officer. Doubt he'd be big on embarassing himself or getting involved in a dispute of this nature.

lol, I would not find comfort in my neighbor being a police officer.
post #41 of 47
Quote:
Originally Posted by Wolfador View Post

lol, I would not find comfort in my neighbor being a police officer.

A couple of my best friends are cops.
Yeah, and they know my proclivities. shog[1].gif
post #42 of 47
Quote:
Originally Posted by furo View Post

I'm not too concerned about the neighbors. The one two houses down just moved in and he's a local police officer. Doubt he'd be big on embarassing himself or getting involved in a dispute of this nature.

My impression of police is that they love getting in disputes of almost any nature..
post #43 of 47
Thread Starter 
Quote:
Originally Posted by bluetree110 View Post

My impression of police is that they love getting in disputes of almost any nature..

Not in a small town like mine. You can't just transfer to another district like in a big city
post #44 of 47
So you are the only one who immediately benefits from this lot, and its entirety it would appear, while technically you own 1/4?

I can see why you do not want to mess anything up.
post #45 of 47
Thread Starter 
Quote:
Originally Posted by bringusingoodale View Post

So you are the only one who immediately benefits from this lot, and its entirety it would appear, while technically you own 1/4?
I can see why you do not want to mess anything up.

Yeah, pretty much...

If I was one of the other three I'd be happy to sell it off so I can see their point of view. Just hope they can see mine and realize it's probably not worth going to court over.
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