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Buying a property with only a part of the land

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Comments

  • deannagone
    deannagone Posts: 1,114 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    I'd also be worried about where all the builders cars/vans and 'stuff' (equipment etc) is going to go when the garage is converted. The owner doesn't sound like someone who considers the effect on other owners.
  • What a hassle. Just walk away and find a buyer who wants to sell properly 

    I see a lot of people leave comments like that on here.
    That's very easy in a buyers market, lots of properties on the market in all the right areas and so on.

    Right now, there's nothing on the market and the desirable stuff that does ends up getting in an auction.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    What a hassle. Just walk away and find a buyer who wants to sell properly 
    I see a lot of people leave comments like that on here.
    That's very easy in a buyers market, lots of properties on the market in all the right areas and so on.

    Right now, there's nothing on the market and the desirable stuff that does ends up getting in an auction.
    That's a lousy cop-out that just accepts buying a pig in a poke.

    BUT... what's on sale in this case is what's on sale. Ignore what it was before. If the vendor was half-way competent, they'd have sorted the new fencing and title out before viewing.

    So the question is whether you want to buy what he's selling. Not what it used to be. What it will be post-sale. Smaller plot. Access. The lot.

    If not... walk away.
  • What a hassle. Just walk away and find a buyer who wants to sell properly 

    I see a lot of people leave comments like that on here.
    That's very easy in a buyers market, lots of properties on the market in all the right areas and so on.

    Right now, there's nothing on the market and the desirable stuff that does ends up getting in an auction.

    It's not really the land situation, it's the seller. I've just been through a drama with land but the sellers were very accommodating.

    why buy somewhere you don't want just because it's a sellers market? Of course you can find somewhere else.
  • srlam
    srlam Posts: 6 Forumite
    First Post
    Thank you all for your comments. We have decided not to go for this purchase. It's too much hassle now and on the long term. As much as we like the place, we are not willing to compromise on either giving up a bit of land in front of the place or giving right of access/any easement at all on this area, there is no gain for us.
  • Rosa_Damascena
    Rosa_Damascena Posts: 7,001 Forumite
    Fifth Anniversary 1,000 Posts Homepage Hero Name Dropper
    srlam said:
    Thank you all for your comments. We have decided not to go for this purchase. It's too much hassle now and on the long term. As much as we like the place, we are not willing to compromise on either giving up a bit of land in front of the place or giving right of access/any easement at all on this area, there is no gain for us.
    You've made the right decision. No more sleepless nights over this, onwards and upwards!

    You may even find that the vendor comes back to you when he finally wakes from his stupor and realises patsies aren't for the picking.
    No man is worth crawling on this earth.

    So much to read, so little time.
  • srlam
    srlam Posts: 6 Forumite
    First Post
    Emmia said:
    Is the vendor splitting the title (at the land registry) to retain ownership of the 60cm + garages? How does your lender (assuming you're buying with a mortgage) feel about the reduction in size & presumably value?

    I wouldn't be letting him park or walk on your land and I'd probably avoid this property because of him.
    The garage is on another title which was originally a workshop above the garage. Workshop has been converted years ago into 2 flats. He wants to retain ownership of the 60cm and put them on the garage flat title. As we said no, he is now suggesting to give right of access so he could still park a car in front of the other property and walk around the car to access the other property.
    Agreed, we decided to walk away from this sale anyway.
  • srlam
    srlam Posts: 6 Forumite
    First Post
    srlam said:
    Thank you all for your comments. We have decided not to go for this purchase. It's too much hassle now and on the long term. As much as we like the place, we are not willing to compromise on either giving up a bit of land in front of the place or giving right of access/any easement at all on this area, there is no gain for us.
    You've made the right decision. No more sleepless nights over this, onwards and upwards!

    You may even find that the vendor comes back to you when he finally wakes from his stupor and realises patsies aren't for the picking.
    And you were right. The vendor did come back and are now back to buy without any change of land as initially planned... thank you all
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