'll be cross posting on the real estate board but I respect the OBs opinion.
We're considering making an offer on a house on 2.8 acres in bellville ( can see the CAD map in the link). The house is on parcel 47921. To get to it, you have to drive through 54602. Now the owner actually owns both parcels but wants another $70k for 54602 (1 acre that has a shed bringing in $350 month leased to someone).
My initial thoughts are:
#1. I shouldn't buy the house unless I get both pieces because I have no control over that 1 acre and it could get turned into a junk yard that I have to drive by everyday with no control.
#2. Even if I'm ok with the risk in #1, I would assume I'd need to get with a real estate attorney and make sure the easement language is very clear that I (and any future owners), would always have access.
What would be your take? Am I thinking about this correctly?
https://imgur.com/a/OkhXrRh
We're considering making an offer on a house on 2.8 acres in bellville ( can see the CAD map in the link). The house is on parcel 47921. To get to it, you have to drive through 54602. Now the owner actually owns both parcels but wants another $70k for 54602 (1 acre that has a shed bringing in $350 month leased to someone).
My initial thoughts are:
#1. I shouldn't buy the house unless I get both pieces because I have no control over that 1 acre and it could get turned into a junk yard that I have to drive by everyday with no control.
#2. Even if I'm ok with the risk in #1, I would assume I'd need to get with a real estate attorney and make sure the easement language is very clear that I (and any future owners), would always have access.
What would be your take? Am I thinking about this correctly?
https://imgur.com/a/OkhXrRh