 Sell separate or together (by RentsDue [MA]) Nov 27, 2021 8:33 AM
 Sell separate or together (by Tony [NJ]) Nov 27, 2021 8:46 AM
Sell separate or together (by Steve [MA]) Nov 27, 2021 8:48 AM
Sell separate or together (by Allym [NJ]) Nov 27, 2021 9:48 AM
Sell separate or together (by DJ [VA]) Nov 27, 2021 9:49 AM
Sell separate or together (by Robert J [CA]) Nov 27, 2021 10:54 AM
Sell separate or together (by 6x6 [TN]) Nov 27, 2021 10:55 AM
Sell separate or together (by Pmh [TX]) Nov 27, 2021 1:12 PM
Sell separate or together (by mike [CA]) Nov 27, 2021 1:48 PM
Sell separate or together (by RentsDue [MA]) Posted on: Nov 27, 2021 8:33 AM
Message:
I have land that was subdivided. One lot has a new house we put on it and has recently gone under contract for sale. The buyer would like to purchase the adjoining building lot. Realtor says there may be a benefit to selling separately rather than as one deal, but my Accountant is gone until Monday. Thoughts?
--68.191.xx.xx |
Sell separate or together (by Tony [NJ]) Posted on: Nov 27, 2021 8:46 AM
Message:
Usually worth more separately but who cares if you get your price. Accounting only matters as to when it's sold. Your capital gains taxes will go up netxt year. --73.215.xxx.xx |
Sell separate or together (by Steve [MA]) Posted on: Nov 27, 2021 8:48 AM
Message:
If the buyer is doing this as a package deal as opposed to two separate transactions, I imagine that they will have less difficulty & get a better deal on financing the purchase. --71.174.xx.xxx |
Sell separate or together (by Allym [NJ]) Posted on: Nov 27, 2021 9:48 AM
Message:
A bird in the hand so to speak. You have a customer for that piece of land but get a good price don't just hand it over. Realtor wants a second commission. --108.24.xx.xx |
Sell separate or together (by DJ [VA]) Posted on: Nov 27, 2021 9:49 AM
Message:
I agree with Steve.
And they will only have one closing with one closing fee.
Why make it more difficult for them, as long as you are getting the price you want.
The only thing I can think is if it's a separate, buildable lot - you may get a higher price from a builder? --68.229.xxx.xxx |
Sell separate or together (by Robert J [CA]) Posted on: Nov 27, 2021 10:54 AM
Message:
Usually, it's worth more to the buyer of the house to own the adjacent parcel, so they won't have a neighbor breathing down their throat! However, when buying both parcels, they will want a discount instead.
My neighbor next to a rental of mine purchased their duplex next to me and the vacant parcel on the other side. They said to the seller that they wanted the "land" next to his duplex to garden and have "space". Not more than a month later they sold the vacant parcel for twice what they paid, making it a business deal to make money and not garden.
So never believe someone, instead get a Brokers Price Opinion on the value of them both together and then separate. --47.155.xx.xxx |
Sell separate or together (by 6x6 [TN]) Posted on: Nov 27, 2021 10:55 AM
Message:
Sell it to them for the same price as if you sold it separately. --73.120.xx.xxx |
Sell separate or together (by Pmh [TX]) Posted on: Nov 27, 2021 1:12 PM
Message:
sold a lake house & adjacent lot to buyer for more than would have got if sold separately. buyer wanted privacy. --107.77.xxx.xxx |
Sell separate or together (by mike [CA]) Posted on: Nov 27, 2021 1:48 PM
Message:
since you subdivided there should be two sale contracts, two closings and two sets of attendant costs like title and deed recordings. the escrows can be at the same desk but they are necessarily separate. the value is what the parties agree on. robert and Pmh make a good point...adjacent property is a little more valuable to the adjoiner for obvious reasons. since you are doing this as a double-up chubby you can probably get some love from the closing agent. same with the broker commissions. --75.80.xx.xx |
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