Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on .

User Stats

16
Posts
5
Votes
Mack Fleming
  • Brewton, AL
5
Votes |
16
Posts

Need ideas to pursuade neighbor to sell small piece of property.

Mack Fleming
  • Brewton, AL
Posted

I have a neighbor with an odd sized little piece of property that would work for me to build a shop for woodworking and general storage. I made him a good offer, and he is Okay with the price. However, he is concerned about what might happen to the property in the future once I am gone. This is a fairly quiet rural setting and he does not want any nuisances.

I mentioned deed restrictions, and right of first refusal. He warmed up, but is still on the fence. He didn't come around much on the right of first refusal because he said he wouldn't have any interest in buying a shop building, even if it meant to just resale it. Can anyone think of something else to incentivize this sale? I would really like to have this property for a shop. I talked to my lawyer and he didn't have any other ideas.

Bottom line, the neighbor does not want to relinquish control over the land. As a last resort, I would even be willing to lease the land, provided that I be compensated for the improvements when it sells.

TIA