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El Jefe 
LSU Fan
_______(\___ southeast of disorder
Member since Jan 2004
682 posts
| Offer to buy adjacent strip of land behind house (Posted on 3/11/13 at 10:50 am)
I received a letter in the mail from a realtor representing the owner of a small (35') strip of land behind my house.
I think this strip is previously encumbered with a drainage servitude and am going to verify this. Given that and the non-usefulness of this property to anyone other than me, how would one go about valuing this strip.
Not sure I want to get an appraiser involved, as an appraisal would be about 25% of the asking rate.
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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
63835 posts
| re: Offer to buy adjacent strip of land behind house (Posted on 3/11/13 at 10:51 am to El Jefe)
Find out how much the seller is asking then offer half.
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lighter345
LSU Fan
Member since Jan 2009
8454 posts
| re: Offer to buy adjacent strip of land behind house (Posted on 3/11/13 at 11:10 am to El Jefe)
Just take it. Don't buy that shite. Build your fence passed it and act like you own it.
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Nodust
LSU Fan
Member since Aug 2010
15930 posts
| re: Offer to buy adjacent strip of land behind house (Posted on 3/11/13 at 11:13 am to lighter345)
Then he would have a plethora of land.
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matthew25 
Ole Miss Fan
Member since Jun 2012
1671 posts
| re: Offer to buy adjacent strip of land behind house (Posted on 3/11/13 at 11:16 am to Nodust)
Tax costs? What is it valued for this purpose. Could be very low and be a bargaining chip for you.
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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
4810 posts
| re: Offer to buy adjacent strip of land behind house (Posted on 3/11/13 at 12:28 pm to El Jefe)
quote:
Not sure I want to get an appraiser involved, as an appraisal would be about 25% of the asking rate.
How much are you think it would cost to have land appraised?
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El Jefe
LSU Fan
_______(\___ southeast of disorder
Member since Jan 2004
682 posts
| re: Offer to buy adjacent strip of land behind house (Posted on 3/11/13 at 12:59 pm to ItNeverRains)
"What is it valued for this purpose."
It's zoned residential, but again it is generally unusable to anyone but me.
"How much are you think it would cost to have land appraised?"
I would assume 4-500.
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GenesChin 
Auburn Fan
The Promise Land
Member since Feb 2012
3441 posts
| re: Offer to buy adjacent strip of land behind house (Posted on 3/11/13 at 2:26 pm to lighter345)
Adverse possession laws say if you build a fence or upkeep the grounds for a certain amount of years and they dont utilize it the grounds become yours. Just take it they arent using it and is an inefficieny allocatipn of resources
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GenesChin
Auburn Fan
The Promise Land
Member since Feb 2012
3441 posts
| re: Offer to buy adjacent strip of land behind house (Posted on 3/11/13 at 2:27 pm to lighter345)
Adverse possession laws say if you build a fence or upkeep the grounds for a certain amount of years and they dont utilize it the grounds become yours. Just take it they arent using it and is an inefficieny allocatipn of resources
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rmc
LSU Fan
Zachary, LA
Member since Sep 2004
21212 posts
| re: Offer to buy adjacent strip of land behind house (Posted on 3/11/13 at 2:42 pm to GenesChin)
quote:
Adverse possession laws say if you build a fence or upkeep the grounds for a certain amount of years and they dont utilize it the grounds become yours. Just take it they arent using it and is an inefficieny allocatipn of resources
Assuming he is in Louisiana, that is 30 years. Then you have to petition to quite title, which means you are probably dropping 3k+ on an attorney if there is no one to dispute the the claim.
Context clues say they offered to sell for $2k. If I was him, I'd just offer a firm $1k and be done with it. Russian has the right idea here.
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El Jefe
LSU Fan
_______(\___ southeast of disorder
Member since Jan 2004
682 posts
| re: Offer to buy adjacent strip of land behind house (Posted on 3/11/13 at 3:54 pm to rmc)
Thanks for the advice.
One last kink. The area used to be a large open drainage canal and the Parish put in pipes and filled it in. Now it has become a playground for kids on 4 wheelers and such. The realtor said the owner wants to sell because he doesn't want the liability.
I almost want to offer a nominal fee to take the liability away from him and tell him I will extend my fence over the property to limit traffic through there (I am a corner lot and easy access for the kids) since I do not see him selling all of the pieces.
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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
4810 posts
| re: Offer to buy adjacent strip of land behind house (Posted on 3/11/13 at 4:49 pm to El Jefe)
Does the parish require an easement onto the property?
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fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
11769 posts
| re: Offer to buy adjacent strip of land behind house (Posted on 3/12/13 at 5:45 am to GenesChin)
quote:
Adverse possession laws say if you build a fence or upkeep the grounds for a certain amount of years and they dont utilize it the grounds become yours. Just take it they arent using it and is an inefficieny allocatipn of resources
Till one gets pulled into court. That is when one will pay big time for said land. I had someone try this crap with me. Even after 30+ years, I got back said land and they had to pay all fees. So don't think one can just steal land.
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tigerfan102
LSU Fan
Member since Sep 2005
242 posts
| re: Offer to buy adjacent strip of land behind house (Posted on 3/13/13 at 6:10 pm to fishfighter)
quote:
Till one gets pulled into court. That is when one will pay big time for said land. I had someone try this crap with me. Even after 30+ years, I got back said land and they had to pay all fees. So don't think one can just steal land.
This. Very very slim chance even after 30+ years that someone will ever win a court case to take someone else's land
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