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Does anyone know how i should go about looking into selling a portion of my property to a neighbor?
Right now, my neighbor has an easement across my property strictly for the purpose of accessing their home, which is behind mine on an interior lot. The easement is written into both of our deeds. The driveway has got to be at least 200 feet long, and tho it's 'paved,' it's in very poor shape, with broken up asphalt, etc.
They want to repave and improve the driveway, in the winter they struggle getting up there, but they don't like the idea of putting money into it since i still own the property. Even tho i never use the driveway, and no one else does either, they feel uncomfortable spending lots of $ to improve it becus of the ownership issue, which i do understand.
They have expressed interest in buying the land the easement now occupies, and i would like to do so as i could really use the extra money, and the sale of the land won't really change anything, their car will still be going up that way. They own a bunch of land up there and have assured me they have no interest in developingn or subdividing the land, which of course would mean more traffic going up that road (past my backyard). Anyway, it doesn't matter becus i don't plan to be in this house for long and will be selling.
What do i do, and what do i do first? Do i get a realtor, appraiser and or attorney involved? Can a realtor provide a valid appraisal, or should i get an appraiser to do it? Does a realtor need to be involved at all? How in the world would you determine a value for land like this, which, unlike a piece of land shaped like a square, for instance, does not lend itself to any other use except as it's being used now, as a driveway/access. Would they simply determine value based on total square footage or use some other formula?
Right now, my neighbor has an easement across my property strictly for the purpose of accessing their home, which is behind mine on an interior lot. The easement is written into both of our deeds. The driveway has got to be at least 200 feet long, and tho it's 'paved,' it's in very poor shape, with broken up asphalt, etc.
They want to repave and improve the driveway, in the winter they struggle getting up there, but they don't like the idea of putting money into it since i still own the property. Even tho i never use the driveway, and no one else does either, they feel uncomfortable spending lots of $ to improve it becus of the ownership issue, which i do understand.
They have expressed interest in buying the land the easement now occupies, and i would like to do so as i could really use the extra money, and the sale of the land won't really change anything, their car will still be going up that way. They own a bunch of land up there and have assured me they have no interest in developingn or subdividing the land, which of course would mean more traffic going up that road (past my backyard). Anyway, it doesn't matter becus i don't plan to be in this house for long and will be selling.
What do i do, and what do i do first? Do i get a realtor, appraiser and or attorney involved? Can a realtor provide a valid appraisal, or should i get an appraiser to do it? Does a realtor need to be involved at all? How in the world would you determine a value for land like this, which, unlike a piece of land shaped like a square, for instance, does not lend itself to any other use except as it's being used now, as a driveway/access. Would they simply determine value based on total square footage or use some other formula?
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