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SM Entrepreneuraholic
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Discussion Starter · #61 ·
I think part of your trouble might be your fuzzy boundaries. If you have conflicts with county/city records and unknown lot lines it makes it difficult to sell. Buyers want to know where the fence lines should run.
The boundaries are defined and there already is a fence around 90% of the property. The problem is more it was purchased as a single property, but legally it is registered as 5 separate parcels. The realtors, Zillow, etc find information on the house and lot it sits on and don't include the other 4 parcels in the price.
 

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There is a way to fix that if you are willing and your county allows it. Go to the real estate division and combine the properties.

Another way around the confusion is to include the other lots in the description. Included with the property are lots xx, yy, zz and bb.

Some places may not allow you to do it but when we combined lots so we could have our state mandated "over 1 acre" for agriculture we just signed a paper at the courthouse. Our only expense was gas and parking.
 

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Discussion Starter · #63 ·
There is a way to fix that if you are willing and your county allows it. Go to the real estate division and combine the properties.

Another way around the confusion is to include the other lots in the description. Included with the property are lots xx, yy, zz and bb.

Some places may not allow you to do it but when we combined lots so we could have our state mandated "over 1 acre" for agriculture we just signed a paper at the courthouse. Our only expense was gas and parking.
I came up with a plan I think will work. All I have to do is combine the assessed value of the house and lot and the assessed value of the 2.2 acres and then use that number in comps.

The other thing I hope to do is focus on selling the land and not just selling the house. I am going to try to create a video of me doing a walk around the property pointing out different things that add value. I'm just waiting for my new phone so I can shoot the video.
 

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Sounds good. It's hard to figure the value of a house and several little lots. Often the aggregate is worth more than the pieces.

Good luck with the sale.
 

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Discussion Starter · #65 ·
The house is ready, I have all the pictures loaded, I wrote the sales script, all I have to do is hit submit on Zillow.

But it's supposed to rain a lot on Saturday and Sunday and I need people to get outside and walk the property. With the amount of rain expected, some of the places people would walk will probably get very wet and muddy. I'm going to wait until Sunday night or Monday morning and re-evaluate, In the meantime, I'm going to take a long nap.
 

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I would post it anyway. People often want to see a house when it is raining just to make sure roofs and basements don't leak and to find waterlogged spots in the yard.
 

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Discussion Starter · #67 ·
I would post it anyway. People often want to see a house when it is raining just to make sure roofs and basements don't leak and to find waterlogged spots in the yard.
I need the buyer that wants the land and they won't see it if it is pouring. I'd rather not waste my time on people that just want a small house. They need to want a small house and a really big lot. Most people who want a small house don't want to spend time maintaining a big lot.
 

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You want a buyer like hubby and I were when we were house hunting. A small house was fine but we had to have land. Unfortunately all we could afford was 1/4 acre and a 1000 sq ft house. We bought the garden spot later, in 2 sections.

I hope it sells quickly once you put it on the market. I think you'll get a buyer who thinks they are getting a great bargain.
 

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Discussion Starter · #69 ·
I swear there is a conspiracy. I entered all my information including over 40 pictures into Zillow. I even wrote captions for each picture. Zillow doesn't allow you to just save the information, you must submit it, so at 9 pm last night I clicked submit.

You guessed it. I had waited too long to submit and lost everything. I had been fighting with bluetooth and my color printer for over an hour, so I was already frustrated. I had to decide if going to bed or re-entering the information was the best option.

I re-entered all the info into Zillow including writing captions for all the pictures. I clicked submit and waited. It displayed a message saying I would receive a phone call in a few minutes to verify I had submitted the listing information and that it could take up to 72 hours before the listing was visible. I wondered why they didn't tell me this earlier and I would have submitted 3 days earlier.

At this point I am worn out and just want to go to bed, but the message also said if you didn't respond to the call, your listing might be cancelled. I stayed up for an hour waiting for the call, but it never came. 8 hours later, still no call and no way to follow up with Zillow. I can either wait 3 days and see if the listing shows up or I could try re-entering the information. I am concerned that re-entering the information might cause their computer to have problems and kick all my info out or even block my address from being listed. I guess the safest action is to wait for 3 days and see what happens.
 

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Discussion Starter · #74 ·
There is a lot for sale across the street from the county part of my property My property is about 2.2 acres and the other lot is only about .83 acres, but has 2 septic tanks, 2 wells, 2 power poles, and 2 slabs, I'm talking about the part of my property without the house.

I talked to the realtor who listed the property and he said it is going to closing soon for $15K. I told him if he could sell mine where I could walk away with at least low $20s, I would give him the listing. That would let me sell just the house and lot it sits on for a lower price and quicker sale. The problem is I believe the property is all on a single deed, so I would have to get a survey and approval from city and county to split the property.

I have had over 100 people view the house on Zillow, but only 2 saved it. I had told myself it would probably take at least 100 views to get 1 person who actually wants a big lot, so I am not that surprised there weren't more saves.
 

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Discussion Starter · #75 ·
The saga continues. Zillow is very skewed toward realtor listings and against FSBO. The default is to display all the realtor listings. To see FSBO listings, you have to click on Other Listings. If a viewer is looking at my listing and clicks on contact agent or view property, the referral goes to an agent who has paid Zillow for leads, not to me. The only way I am contacted is if the viewer sees the Listed by: owner phone number in the Overview section and emails or phones me. After a week, there have been over 400 views on Zillow and only 1 contact.

I called an attorney to make sure I was doing all the required stuff (disclosures) and also to find out how to divide my property into the city part and the county part, so I could offer them for sale separately. I called first thing Wednesday and they had me talk to a paralegal, who couldn't help because she said it was considered legal advice. She said she would have the attorney call me. I still haven't gotten a call from the attorney (Thursday evening). I swear there is a conspiracy to keep me in this house.

I will call a different attorney tomorrow.
 

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The saga continues. Zillow is very skewed toward realtor listings and against FSBO. The default is to display all the realtor listings. To see FSBO listings, you have to click on Other Listings. If a viewer is looking at my listing and clicks on contact agent or view property, the referral goes to an agent who has paid Zillow for leads, not to me. The only way I am contacted is if the viewer sees the Listed by: owner phone number in the Overview section and emails or phones me. After a week, there have been over 400 views on Zillow and only 1 contact.

I called an attorney to make sure I was doing all the required stuff (disclosures) and also to find out how to divide my property into the city part and the county part, so I could offer them for sale separately. I called first thing Wednesday and they had me talk to a paralegal, who couldn't help because she said it was considered legal advice. She said she would have the attorney call me. I still haven't gotten a call from the attorney (Thursday evening). I swear there is a conspiracy to keep me in this house.

I will call a different attorney tomorrow.
I can show it to some investors I know if you want.
 

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Discussion Starter · #79 ·
Yes, but I am part of a group of investors from all over the country. Many invest from a distance and out of state.
Danville is getting a casino and investors have been buying up property for BnB's, rentals, etc. I think I can make a little more money splitting the land off from the house, The house is perfect for a 1st time buyer, but I have to split off the 2 acre back lot to bring the price down to where they can get financing. I think once I do that I can sell the house easily. The back lot maybe or maybe not, but even if it doesn't sell right away, I can afford to move without selling it.

I was hoping the lawyer would tell me exactly what I need to do and who I need to talk to in order to divide the property, I guess I will just call the city and county tomorrow and see if I can get lucky and find the right people to talk to. I called the city 3 times trying to find out what the charge is to connect to the city sewer line and never did get an answer. I have never run into incompetence like this before. It really seems like my name is on an ignore list.
 
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