Looking into extending our property...advice? Update pg 5

[Boyd]

Sounds good to me! Leave your phone number also

 

[cjeanean]

Quote:
I even borrowed a few words from your suggestion letter LOL....I put the phone number in the actual letter, I just didn't feel like posting it in a public forum for everyone to see.....

Oh, do I need a comma after "...if you are not interested in selling it...."?

If you are willing to negotiate a sale of this property or if you are not interested in selling it please contact us at the phone number listed above at your earliest convenience.

 

[cjeanean]

One more quick question: I read the letter to my sis and she said I should take out the "God bless" because that's not how you end a business letter. What do you all think?

 

[TipsyDog]

Yes, take out the God Bless.

I'm looking at this through the seller's eye for a minute. If I owned the land I'd immediately up my asking price because I know that it's more valuable to you than someone else since it ajoins your property. Just a thought. If it was me, I'd pay a premium on a lot that joins my property simply for the peace of mind of not getting a crappy neighbor, but I'd also be very careful to not sound desperate or excited about a purchase either.

 

[Boyd]

Quote:
I'd say..............


Thanks for your time and consideration
Sincerely,

Mrs. Peanut

 

[cjeanean]

Quote:
So should I not mention that it's next to our property? It's kinda obvious that it is because our address is in the letter. I know the property value of both lots, so the max that this lot could be worth is $2250. It's so overgrown and wooded that I couldn't see it being worth more than that. Should I leave that out and just wait for him to call me?

And sorry to harp on one detail, but is the issue with "God bless" professional or being politically correct? When hubby and I wrote up bills for our old business we always put God bless, so it's kind of an instinct for me.

 

[Boyd]

Quote:
So should I not mention that it's next to our property? It's kinda obvious that it is because our address is in the letter. I know the property value of both lots, so the max that this lot could be worth is $2250. It's so overgrown and wooded that I couldn't see it being worth more than that. Should I leave that out and just wait for him to call me?

And sorry to harp on one detail, but is the issue with "God bless" professional or being politically correct? When hubby and I wrote up bills for our old business we always put God bless, so it's kind of an instinct for me.

God bless wouldn't be a deal breaker for me, but it sends out the wrong sort of message to some people. I see that and I see somebody who could be manipulated because they are basically good people. Sorry to say, not everyone is nice. Some folks are meaneyheads and it is his sandbox your looking into....

 

[cjeanean]

Makes sense, thanks for the input....

 

[TipsyDog]

Quote:
So should I not mention that it's next to our property? It's kinda obvious that it is because our address is in the letter. I know the property value of both lots, so the max that this lot could be worth is $2250. It's so overgrown and wooded that I couldn't see it being worth more than that. Should I leave that out and just wait for him to call me?

And sorry to harp on one detail, but is the issue with "God bless" professional or being politically correct? When hubby and I wrote up bills for our old business we always put God bless, so it's kind of an instinct for me.

The God Bless is not appropriate professionally. Sign with Thank you and then Sincerely, xxx.

Here's my advice on this lot (take it for what you paid for this info)

You are putting a value of $2250 on this lot because it is overgrown and has junk on it. DO NOT say that to the owner. Put the ball firmly in his court - if he is interested in selling, what price would he like? Then negotiate from there but be prepared to pay $1,000 over your $2250.

Land that is overgrown isn't necessarily worth less. Also if there is debris on the property this will not play into negotiation BECAUSE the land is not for sale on the open market. If you want this land I believe you should be prepared to purchase at market or slightly above regardless of condition because you are pretty much asking this guy for a "favor" by selling to you.

I've purchased alot of real estate and I firmly believe that if you want something just pay it and you'll be much further ahead than nickel and diming. I think that you are making an excellent decision to add onto your property but I just wanted to convey that in this instance (when a property is not listed for sale) you generally will have to pay a small premium above market value and it'll probably be worth it to you a few years down the road.

Good Luck!

 

[cjeanean]

The value of $2250 if based on the property value of both identical-size lots being $4500. I would think it is worth less than that because of the junk, but based solely on the property value I would say $2250. Does that seem right based not on the junk but on the value given by the assessor's office? Cause if it's more than that we can't afford to buy it