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re: Offer to buy adjacent strip of land behind house
Posted on 3/11/13 at 2:42 pm to GenesChin
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.
1
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.
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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