Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
BPCON2026 Orlando

October 2 - 4 Early Bird tickets are now ON SALE. Purchase your tickets today and save $100!

Get tickets
BPCON2026 Orlando

October 2 - 4 Early Bird tickets are now ON SALE. Purchase your tickets today and save $100!

Get tickets
Followed Discussions Followed Categories Followed People Followed Locations
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 22 days ago on . Most recent reply

User Stats

71
Posts
26
Votes
Mona V.
  • Investor
  • Cary, NC
26
Votes |
71
Posts

Vacant lot to sell or not

Mona V.
  • Investor
  • Cary, NC
Posted

I own two lots as in the survey attached. One a has a little house on lot 4 which is rented,  and long lot 5 which shows gravel parking is empty lot. I get offers from builders for the vacant lot but they don't want to buy the both the lots. I have been refusing sale of only empty lot because then little house will sort of lose its "yard" and what gets constructed on empty lot might reduce property value of a house which is small and not updated.  I feel like if I sell lot 5 it will become very hard for me to sell lot 4 alone. I do want to sell both of them.

But thinking now if anyone thinks there is a reason it might be in my interest to sell vacant lot alone, and try to make a deal. 

Assessment for both the lots have increased and I have been paying property tax on vacant lot when it does not generate any income.

Most Popular Reply

User Stats

21,013
Posts
18,592
Votes
Chris Seveney
  • Investor
  • Virginia
18,592
Votes |
21,013
Posts
Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

The bigger issue is that it appears you have an encroachment where the smaller lot appears to have some sort of deck or steps that might intrude upon the other lot. Also, does that house meet the setback requirements? I assume it does, or it is grandfathered in. If it does, then I don't see a reason why you would not sell that other lot, as I don't believe the value of that property would decrease significantly, or more than what you're getting for the lot. 

  • Chris Seveney
business profile image
7e investments
5.0 stars
3 Reviews

Loading replies...