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What You Should Do When Someone Wants to Buy Land
Did you know that you can buy property, and others can approach you to offer to buy it? Most people don’t think about this when they’re buying land, but it’s widespread for developers and local governing agencies to approach you to offer to buy your land. Usually, they use the land to build new housing community developments or use the space for farming. You don’t have to worry that you will be forced away from your land – of course not! – but it’s good to know what to do when someone wants to buy it from you.
What should you do when you are approached, and someone wants to buy your property or land? How do you handle it? Whether it’s the government asking to buy your land or have neighbors who have leased their own land to the Cell Tower Lease Experts and want to do the same, you should learn what is appropriate and what isn’t. Let’s dive in and take a look!
Contents
Advance Notice
If anyone wants to put in an offer on your land, you should be given advance notification that you’re going to be asked to sell. You may find that an agent from wherever you want to buy your land will come out and speak to you, and before any offer is made, an appraisal will be necessary. The size and the condition of the land will be assessed, and you should look through this appraisal thoroughly so that you can check it’s all correct. The amount of compensation you’ll get for your land will depend on whether the appraisal is an accurate one.
Getting A Good Price
No matter who wants to buy the land, you deserve a good price for it. As the property owner and landowner, you’re in a great position to bargain with whoever is buying it. Different states have different procedures for negotiating the price they’ll offer, so it’s always a good idea to hire a lawyer to ask for advice. They can talk you through how the process works and help you with that excellent price you’re looking for. You’ll then be asked to sign some paperwork that’ll prevent you from being able to sue them if they offer your neighbor a better deal!
Buy Land: It May Not Be A Choice
When it comes to the government offering to buy your land, they may not give you a choice. For the most part, people have to ask for your permission to buy land, but there’s something called eminent domain, and that’s where the sale can be pushed. You also don’t have a say in how the property is used, whether it’s for gas lines or building a community of new apartments.
Before you give up your property, you need to learn and assert your rights and take your time with it all. Remember this is your property, land, and control – do whatever you want with it and sell if it benefits you!
